Ain’t that a Biatch!

Lets take a broad look … well … speaking of broads – I am really concerned with magnification of American Women – huge piles of redundant protoplasm wondering around shopping and eating … no Viagra will fix it for me [ Thank you George Carlin] and to talk about something a little more pleasant – here is a monthly chart of SPX.

Cute Ab-cd on wave B up monthly, don’t you think so?

 

Amazing that we just might be in huge C down wave (A.K.A. “P3” AKA “Pee On the Tree” – local joke indeed – hope that guy still collects money from idiots subs – he can definitely NOT make any cabbage trading himself )

 

Oh boy … going down on 9, sadly famous ‘9‘ combined with Combo ‘13’ – don’t you all hate that number? Unless you bet on pass line or just accidentally survived bear … which I am both and I am feeling good since April! And I am certainly not going placing any long trades unless we break April 2011 highs!

 

 

 

Definitely not day trading, but position trades do work – hourly is looking gooood!

 

 

Short again

On Monday, according to the plan outlined on October 16th (see post) I went short around 1250+ area SPX.

Seams to be a good spot with defined stops above TDRL and if prior lows will be penetrated on the upside ( red arrow)

 

I’ve been thinking a lot lately … about this "blogging thing” – I really need to find a good reason to keep this place running. I am not as actively or as often trading as before and to write about something that is quite secondary for me now is not as much fun as it once was…

Can not leave you kids alone!

Momentarily you let market pumpers take control and run away with our money!

 

I am back in ole’ good USofA and ready to go short again (I was stopped out of trailing AAPL long puts practically the day I left for Europe) – with very tight stops at prior TDST lines on daily charts for QQQ (probably activated only at the end of the day – there might be too much jitter intraday)

 

and 1254 area as a stop for S&P500

 

 

Meanwhile to entertain you I will be posting fabulous pictures of my favorite cities of Europe I visited during last 3 weeks – there is a lot to see and admire. (Though my 22 years old mandatory for midlife crisis girlfriend did not like these pictures for some reason)

 

Homework – try to find fat (pardon me - “sick” or "with “eating disorder” or “shot metabolism” or “food processing disadvantageous” or “with diminished digesting capacities”) people on these pictures.

 

And – for people less geographically challenged than myself – what city is that?

Back in the USSA

How happy we are …

 

Gold corrected back into the long term channel/pitchfork and bounced off Setup Buy 9 (Mass media was ecstatic: “Gold ended biggest few days drop since 1982” … yeah … OK…)

 

Monthly is a SELL, weekly is a SELL – oh WELL

 

Widow maker AKA Natural Gas is a LONG in my books (posted few weeks back on DISQUS that “I am getting strangely attracted once more  )

Weekly BUY and daily ( welcome to the world of my hallucinogenic charts ) looks like a good risk/reward

 

AAPL (which I declared temporary shortable) and AMZN were red on the green day … ...Yo-ho-ho, and a bottle of rum!

SPX Video as of 09/22/2011

 

Tales from the dark side … well, wait, I forgot – we take no sides at all….except for the Dark Side – do we?  (from today’s Disqus threads )

• 

  DavidDT Today 03:29 PM in reply to Grasul

  hey hey hey - SQL people are the ones I DO respect - they are way too logical to become rich!

  Edit Reply

• 

  Osikani Today 04:26 PM in reply to DavidDT

  >>> ...they are way too logical to become rich! <<<<
  Now you know why you had to chew me out before I got religion. LOL.
  When I start my guru seminars, the first thing I will do is say: "All engineer, physicist, mathematician types, please separate yourselves to my right". Then I will look them in the eye and tell them: "In this room, you are the most likely to fail at trading. Once we are done here, the first thing you need to do is learn how to react instead of analyze. It does not friggin' matter why the market is going up. If you see it going up, and your analysis says that it is impossible, stop trying to find out why the market is not behaving according to what you think, and just get out. You can do your analysis after you are flat. Until you learn to suspend your logic, you can expect to be making other illogical traders rich while you go broke swearing at the screen."

 

And now – if market does not make you wish you were … not on the market – try to get through my accent!!!!

 

 

 

UPDATE   2PM EST September 23rd

 

Forget indexes … or waking up to an individual stock trade ( AAPL )

My comatose state of mind while market is searching for direction after completion of full 1-5 A-C wave was interrupted by today’s Brandt’s post … something about shorting some POS stock … I think name was some fruit “Peach”?  “Shnaple”? “apple”?

 

“Forrest Gump went to his mailbox and opened a letter. In the narration voiced by Tom Hanks, Forrest states that Lt. Dan invested in “some fruit company” and that he didn’t have to worry about money anymore. Forrest says “Well that’s good. One less thing to worry about.”

 

(AAPL) that was – and, quite interestingly Brandt’s observations were quite in line with what DeMark-ian woo-doo tells us – TD Setup Sell 9 on daily.

 

 

But, of course that was not the only reason why I grabbed few long (AAPL) puts – take a look at (QQQ) daily and tell me if it is not looking like huge rounding top – could we get so lucky and jump in on the short side of tech heavy NASDAQ for wave C down?

 

 

As it was mentioned on DISQUS (YES – I AM watching you kids!) DeMark was working quite admirably as of late – let see if it lives up to its reputation now!

10 years…hard to believe

 

I will refrain from my usual pseudo – political mumbling this year and will just say

 

To all my friends who meaninglessly

lost their lives in the flames of WTC -

you are remembered, you are forever

in my heart...

 

Do people even remember that day?  DO they understand WHAT happened that day?

Did that day really “defined us as a nation”? (That is a usual cliché of main stream media)  As a nation capable to stand up and say “Stop diminish its own people!”?

Do “they” even care?

 

Sorry – I really tried to keep my mouth shut…

 

I’d like to finish this sad post wit Gold Gerb’s post from Disqus (Hope he would not mind)

 

 

Gold_Gerb 09/09/2011 05:17 PM

a few weeks ago, I was thinking about Sampson and the pillars.
Then I thought of the Towers.
"Judges 16:26-30 And Samson said to the young man who held him by the hand, “Let me feel the pillars on which the house rests, that I may lean against them.” 27 Now the house was full of men and women. All the lords of the Philistines were there, and on the roof there were about 3,000 men and women, who looked on while Samson entertained. 28 Then Samson called to the LORD and said, “O Lord GOD, please remember me and please strengthen me only this once, O God, that I may be avenged on the Philistines for my two eyes.” 29 And Samson grasped the two middle pillars on which the house rested, and he leaned his weight against them, his right hand on the one and his left hand on the other. 30 And Samson said, “Let me die with the Philistines.” Then he bowed with all his strength, and the house fell upon the lords and upon all the people who were in it. So the dead whom he killed at his death were more than those whom he had killed during his life."
Was the falling of the towers symbolic of the end of strong man? a strong nation?
Was America seduced as Sampson? to reveal it's source of strength?
and what was the source of that strength?
May that terrible day, not be in vain.
-GG

Old friend – megaphone lines

 

Watch that lower line (at the same time it is a big congestion area due to various reasons) – if it let go now – could be that “Pee on Tree” AKA P3 is not just a fairy tale.

 

Yes – that is a VERY OLD CHART

Green can’t buy you love

 

 

 

“Solyndra Inc., a maker of solar modules that received a $535 million loan guarantee from the U.S. Energy Department, suspended operations and plans to file for bankruptcy, saying it couldn’t compete with larger rivals.” [ Bloomberg ]

 

So much for GuberMint “Guarantee” and Pimpo-Rama by Obama – one more lesson that none should;d mess with economy ( Of course is is no longer “free economy” – has not been ever and even less last 30 years.  Don’t blame it all on Obama – he is just what Gorbachev was for former USSR – “all questions-no answers” – you know how it ended up for that country … it is NO MORE … No UNION, NO COMMON CURRENCY, NO COMMON LANGUAGE, just a lot of lonely scared people running around trying to make at least some living….

 

Crap … I could use those $535 millions!!! Well, MAY BE that money went to some private venture capital firm that was about to lose big? Could there be a fraction of the true in that unethical horrible assumption? No, can not be – corruption cannot be extended that high!!!

 

 

Now, on market related note – I am preparing to go short once again, we might be about to witness daily wave 2 down with normally could go almost as low as  low of wave 1 (and that is IF it is a beginning of 5 waves UP – I don’t care which way to trade – just like the speed of short trades more.)

I will wait to see at least count 8 of Sell Setup on daily = and will play by ear then.

 

 

Hourly reinforces that possible trade idea.

 

 

Looking for new beginning

Daily TDWave finally completed on August 5th 2011, fell off the cliff with TDSetup Sell 9 on August 9th and now dancing on TDST trying to bounce …trying … trying ….

I will let it dance without my money in it – for now.

 

 

weekly looks quite amazing – it might be the beginning of long awaited and ridiculed P3 – AKA – TDWave 5 down impulsive (then – and it fits – 3 wave up within wave 4 fit in the picture according to Garp… errr DeMark-ian woo-doo

 

OR

 

it might be a beginning of new bull market AKA wave 5 up, BUT… BUTBUTBUT…. – dream on – I think we are working off really oversold conditions (I don’t care about “oversold” standalone, but again – it fits the wave here ) and we will continue on our marry way down the slippery slope

 

And of course rumors of my death were greatly exaggerated – I just feel that countless efforts of the authors of this blog were mostly wasted or ridiculed by outsiders and human nature of blog visitors (most, but not all visitors – there is a core of old timers here who know that there is no better place to really talk about trade and sometime life – without 16 years old wonnabies running amok among us or 40 years old who want to be 16 )

 

But this is life and we are born and we die – that is applicable to blog too …. may be it would be better if I would be making up trades when there is none and posting pics of naked babes or orangutanishly looking grotesque of a man … Fabio-my-… you know… from “I can believe it is not butter … as well as anything edible – this stuff is made from real .. shit”