Friday, November 28, 2008

In Consumer We Trust?

[ original photo location ]

Roughly 70% of this economy is built on these people buying things they don't need and spending money they don't have. They call "that" sound economy?
Do these people look like they have no closes to wear, no TVs to watch, no food to eat?
WHY ARE THEY STORMING THE STORES???

Saturday, November 22, 2008

"Windows XP does not save user settings" - FIXED!

What fixing bug of Windows XP has to do with trading?

A lot! It was driving me totally and utterly insane for quite a while, when after yet another Automatic Update from Microsoft all in a sudden any customizations I made to Windows layout were not there after reboot. Taskbar gone, menus reordered, windows sizes and positions set to some ridiculous forms and shapes.

Finally, after long, really long google search and combining multiple recommendations I found solution which worked (fingers crossed)

For tech savvy solution is below (registry access is needed, save before you tweak it - one wrong move and your system might become non-operational)

Good luck...

Windows Registry Editor Version 5.00

[HKEY_CURRENT_USER\Software\Microsoft\Windows\CurrentVersion\Policies\Explorer]
"NoSaveSettings"=dword:00000000

[HKEY_LOCAL_MACHINE\Software\Microsoft\Windows\CurrentVersion\Run]
"SystemTray"="SysTray.Exe"

[-HKEY_CURRENT_USER\Software\Microsoft\Windows\ShellNoRoam\BagMRU]
[-HKEY_CURRENT_USER\Software\Microsoft\Windows\ShellNoRoam\Bags]

[HKEY_CURRENT_USER\Software\Microsoft\Windows\Shell]
"BagMRU Size"=dword:00001f40

[HKEY_CURRENT_USER\Software\Microsoft\Windows\ShellNoRoam]
"BagMRU Size"=dword:00001f40

Friday, November 21, 2008

Yet another "mechanical" day

2008-11-21-ES_10min

Really boring and totally predictable intraday action.

5AM countdown advised "sell on open"

1:20Pm to 2:30PM buy countdown coupled with buy setup hinted on release of some "good news".

Pivots contained ranged trading quite efficiently - what a boring, but very profitable day.

Order Book
Time Order ID Description Status
11/21/08 13:28:13 ******** BOT +16 /ESZ8 @752.25 5
11/21/08 11:50:45 ******** SOLD -6 /ESZ8 @758.50 5
11/21/08 11:21:49 ******** SOLD -10 /ESZ8 @751.50 5
11/21/08 10:53:39 ******** BOT +10 /ESZ8 @751.00 4
11/21/08 10:30:24 ******** SOLD -10 /ESZ8 @754.50 4
11/21/08 10:23:47 ******** BOT +10 /ESZ8 @756.50 3
11/21/08 10:22:56 ******** SOLD -10 /ESZ8 @760.25 3
11/21/08 09:59:52 ******** SOLD -10 /ESZ8 @759.00 2
11/21/08 09:58:36 ******** BOT +10 /ESZ8 @756.75 2
11/21/08 09:46:21 ******** SOLD -10 /ESZ8 @768.00 1
11/21/08 09:39:17 ******** BOT +10 /ESZ8 @763.75 1
11/21/08 02:04:07 ******** SOLD -10 /ESZ8 @776.00 yest pos.

Thursday, November 20, 2008

"Hope" is gone...time to start over

At the time when the last TV personality whore who could not care less about our money for as long as they were getting paid for whatever they were told to say by supervising crooks (long sentence? I don't care), so at the time when hysterically giggling Erin Burnett, nonsense talking Chinese Girl, bullish all the way down curly none knows about trader Peter Costa ( list goes on and on and on) - at the time when they stopped talking nonsense like"America #1" and "Financial Capital of the Known Universe", at such time market is getting close to the bottom.


Time to stop pumping borrowed prosperity, time to stop admiring cheap Chinese goods and start building factories in US, time to kick out Nardelly who screwed up at Home Depot, got obscene amount of money for that and resurfaced at Chrysler because he knew someone, time to stop admiring Warren Buffet (GS is $50 now - great deal he's got at $115) and Brad Pitt for one on a MILLION chance they were given, time to outcast Gasparino who "believes in Big Dick Fuld.

This IS THE TIME


Time to ask ourselves: "Whose fault was that? "


Time to be honest and say: "OURS"


WE let them DO THAT.
WE let them rob us.
WE let them get paid for nothing.
WE borrowed from THEM in order for them to get richer.
WE let THEM outsource our jobs.
WE let THEM leave us with no retirement we paid for.
WE let THEM ask us in an emergency room if WE have money to pay.
WE... WE... WE...
When are we going to stop being stupid lazy politically inert self deluding nation?
When are we going to stop playing "democracy"?
When are we going to stop saying: "Everything is really bad, BUT WE live in the GREAT country"? Huh??? Compared to what? Haiti?


Oh well...time for some charts - there is some light at the end of the tunnel there, some major ETFs completing TDSetup Buy this very week - up we go next?

 

Transports TDsetupBuy

2008-11-20-IYT_transports

Small Cap - TDSetup BUY

 

2008-11-20-SmallCap

Financials - DTSetupBuy

 

2008-11-20-Financials

Energy - TDSetupBuy 3 weeks ago - holding TDST - buy

 

2008-11-20-XLE

Dreaded $VIX (why pay attention after they started to trade options on VIX and totally skewed data?)

Not counting "super Spike" - it stalled at the current level - time to retreat?

 

2008-11-20-VIX

DavidDT

P.S. I am biased indeed, I've got stopped from multiple bullish positions (long calls and short puts) with losses and BIDU long trade initially totaling to 20%(!!!) of my portfolio is off 25% pulling portfolio down over 7% in just one week!!! That is too big of a risk I took and steep price I paid ( Am I talking Yoda?)

Tuesday, November 18, 2008

Following the wisdom of Tim Knight

One of my readers just spread the word that Tim Knight from Prophet Charts (also chef in charge of Slope of Hope blog) just proclaimed that: "This is a bear market and it will be here for years and any bull will be torn to peaces for years to come"

Great
I listen
to
people
who have
difficult time
to
STOP
in time

BEAR IS ABOUT TO BE OVER?

Just a thought - I love and respect Tim Knight just like I loved my squealing girlfriend back in kindergarten.
And, take my word for it - he is definitely more honest and smarter than Jimmy Pump Boy Cramer

Recap of posts from contributors site Friday/Monday

(BIDU) 1st update

Setting buy order for the first 1/4 of intended position at 138 area.

(BIDU)


BIDU has completed TDSequential Buy Countdown on weekly (cannot be qualified as TDCombo due to first count bar being lower).
Possible TDSetup Buy completion 3 days from now on daily.
Acceleration bands were penetrated on downside (negative), but looking at prior similar scenarios - that penetration resulted in return back into the Acc. Chanel)

I might be opening long position within next hour ( watching possible completion of TDSetup Buy on 15min for better timing)

Possible move up

In this market fundamentals and technicals don't tell us much on a day to day basis, but worth noting that multitude of stocks just have completed TDSequential Buy Countdown day or two ago and no lesser number will complete TDSetup Buy tomorrow.
I think markets are due for a meaningful pop.

Monday, November 17, 2008

Possible move up

In this market fundamentals and technicals don't tell us much on a day to day basis, but worth noting that multitude of stocks just have completed TDSequential Buy Countdown day or two ago and no lesser number will complete TDSetup Buy tomorrow.
I think markets are due for a meaningful pop.

Friday, November 14, 2008

Leave Kashkari alone!!!

Stop slamming that poor guy with honest face and clean record (that is why he was picked up to be a patsy)

Don't blame the messenger - get to the roots and weed them out!

 

http://www.youtube.com/watch?v=41hcO9rdN4o

 

Same old story time and again - nothing will ever change...

http://www.youtube.com/watch?v=aEaoITBQEao

Thursday, November 13, 2008

One hell of a day

As always, picture worth a thousand words.

From starting out as 97:3 decliners:advancers day, after rejecting recent lows, ignoring INTC "gloom and doom" forecast, after hedge funds managers McCarthy style Congressional nonsense, after inability of soon to be history El Presidente Bush sound waves to bring market down more  - burst of volume and finish with the ratio decliners:advancers 6:92 (2 SBUX and BEAS unchanged - why BEAS is still there?). And no sweet candy for hopeful from FED?

Just the way I like it...

 

2008-11-13-WATCH

Recap of posts from "Regular contributors site" (Nov11/12/13)

Thursday, November 13, 2008

Closing QQQQ Nov28 calls

will be trading around, with cost 2.06 selling at 2.60 hard to pass
(holding Dec28)

Posted by DavidDT at 11/13/2008 03:51:00 PM 1 comments Links to this post

Wednesday, November 12, 2008

(NICE)...could be nice

Was flipping through the charts today without much enthusiasm, then just to break latest "play reversal routine" decided to run quick scan from good old bull times.
Glad I did - I, most likely, will be buying that Israeli security software solutions (if memory serves me well)

(NAT) attracted my interest as well on the long side, but glad I looked at the news - has "Cramer's kiss of death" all over it - still will be keeping an eye on it.
P.S. One of the readers criticized me for posting my day trades - by the time it is in readers mailboxes a lot of things might and DO change.
So very true...I stand corrected...

Posted by DavidDT at 11/12/2008 10:10:00 PM 0 comments Links to this post

Well...

Well...
Since my anxiety level reached previously known mark ( "the hell with everything, sell all, get on cash, go to Morocco for 2 months...")
therefore we are at yet another bottom
and I am buying lots of QQQQ Dec28 calls @2.65

Posted by DavidDT at 11/12/2008 03:24:00 PM 0 comments Links to this post

Sold to close GLD Nov71puts

cost 1.80 sell 2.40 (33% profit 4 days)

Posted by DavidDT at 11/12/2008 10:56:00 AM 0 comments Links to this post

Buying QQQQ Nov28 calls

for day trade when QQQQ will be in 29.20 - 29.40 range in the next 20-30 minutes.
Desired fill price under $2

Posted by DavidDT at 11/12/2008 10:31:00 AM 0 comments Links to this post

Tuesday, November 11, 2008

Some ideas I am looking at

long (soon?) PFE, OMCL, HOLX, SGP, MRK, BMR(have position), HUM, MOH.
INWK looks intresting long for some reason.
Short candidates: MYGN ( I think this one is ready), ISIS(?),
gold miners: RGLD, GG (off25?), KGC

Posted by DavidDT at 11/11/2008 10:13:00 PM 0 comments Links to this post