How 'bout that stock market?

I agree! I was saying back in June last year that i thought this puppy was gonna tank all the way to 10k before we saw an sign of a potential bottom... That prediction hasn't changed. I'd bet my balls to a bandsaw that we hit 11k with no problems whatsoever and it doesn't stop there.

Testing December lows today and breaking them currently in the Dow.

2yoxw0n.jpg
 
Still sitting out, the US$ is getting hammered some more, Dow selling off, and Oil up. We need this for about 2 weeks + to put in a bottom. I am going to call 150+ oil and down 9500 for a bottom. Then the fed will step in.
 
Well I have to agree that I think we could be in some trouble here. If we don't get back up above that support today we are screwed. The good news is I didn't buy to far above here and I am down only a total of 30k more for today. LOL. I was in the green yesterday in my trading account by 12k now down 30K so a 42k turn around. The good news is most of it is losses on apple which I was up 20 bucks a share on so it's really a gain I did not take and I have calls sold against it.

I don't even want to say how bad my IRA is but I could have sympathized with that guy who had a perfect Enzo one minute and then had pieces of an Enzo the next minute strewn across the PCH. Oh wait that really doesn't make sense because that car was stolen.
 
steveny said:
I am starting to have some concern about a new wave of lay offs at the blue collar level. I can't imagine that GM and F won't be laying off a bunch of workers very soon. Not to mention all the companies that suppy them with parts.
Click to expand...

looking at the charts, i can see the last time GM was at its current level, i had a 34 inch waist, no gray hair and disco was only beginning to emerge.

:eek:
 
Shorting the JPY this am.

<a href="http://imageshack.us"><img src="http://img45.imageshack.us/img45/1225/asian1wa3.png" border="0" alt="Image Hosted by ImageShack.us"/></a><br/><a href="http://g.imageshack.us/g.php?h=45&i=asian1wa3.png"><img src="http://img45.imageshack.us/img45/1225/asian1wa3.633cc29dac.jpg" border="0"></a>
 
Last edited:
ALSWEL said:
Shorting the JPY this am.

<a href="http://imageshack.us"><img src="http://img45.imageshack.us/img45/1225/asian1wa3.png" border="0" alt="Image Hosted by ImageShack.us"/></a><br/><a href="http://g.imageshack.us/g.php?h=45&i=asian1wa3.png"><img src="http://img45.imageshack.us/img45/1225/asian1wa3.633cc29dac.jpg" border="0"></a>
Click to expand...

What pairs?
 
EUR/JPY and USD/JPY. Looking good so far, Just tightened my stops. Still moving south, up 73 points.

EDIT: EUR/JPY stop hit at + 38 points
USD/JPY stop hit at + 27 poiints
 
Last edited:
ALSWEL said:
EUR/JPY and USD/JPY. Looking good so far, Just tightened my stops. Still moving south, up 73 points.

EDIT: EUR/JPY stop hit at + 38 points
USD/JPY stop hit at + 27 poiints
Click to expand...

USD/JPY may find some support here, if I traded how I used too I would be looking to get long but now I play a lot more conservative.

EUR/JPY look good until 168.
 
steveny said:
You need me to send over a "cleaner" for the cleaner.:biggrin:
Click to expand...

hahaha, Man I tell you what. They did good until the lady that did it quit and this new crew sucked. I hate doing it but I also have it being done 1/2 assed more. Well more shit to do like clean. I think I am going to buy one mopping robot and 1 vacuum robot and let them both go apeshit on the floors.
 
Ryanmcd2 said:
hahaha, Man I tell you what. They did good until the lady that did it quit and this new crew sucked. I hate doing it but I also have it being done 1/2 assed more. Well more shit to do like clean. I think I am going to buy one mopping robot and 1 vacuum robot and let them both go apeshit on the floors.
Click to expand...

I was thinking about getting one of those robot cleaners for the patio around my pool. Either that or chop down the cotton wood trees on the neighbors property. I can't stand those friggen things. Drop this crap that floats frin the air from a 1/4 mile away and lands in and around the pool.

In AXP at 39.39
 
I have the Roomba Discovery and Scuba (WOOT.com). They work great, batteries dont last too long though, 2 yrs max. Get the scheduler thingy.

Thinking short EUR/USD in a bit.

Ryanmcd2 said:
I think I am going to buy one mopping robot and 1 vacuum robot and let them both go apeshit on the floors.
Click to expand...


Damn, up 30 more points on EUR/JPY.
EDIT: Damn, Damn how do you do that? thats 80 more points this morning. Up 130 points in 3.5 hrs.

Ryanmcd2 said:
EUR/JPY look good until 168.
Click to expand...
 
Last edited:
Originally it was exposed almost exactly like the other names you mentioned, though to a different extent I'm sure. Have their last couple quarters cleaned out the garbage well and their business model back to how it's supposed to be? It looks like a good value here and your convinction is strong but if they market is wrong what is the error in their ways?
 
Went out at the lows of the day. I actually made money today on trades on TSO. If you take out the losses that I haven't sold well then I didn't make anything today in fact massive losses but I am staying the course. Looks like I may be a long term investors on some of these piles of shit.
 
steveny said:
Went out at the lows of the day. I actually made money today on trades on TSO. If you take out the losses that I haven't sold well then I didn't make anything today in fact massive losses but I am staying the course. Looks like I may be a long term investors on some of these piles of shit.
Click to expand...

you can ave in, I know somone who put in 100k per 500 points the dow lost, that was back in 2002ish he did pretty damn good, a few mill for a few trades.
 
Didn't make much, but didn't lose anything.

zxl9tz.jpg


The third trade actually went on to work for about 60 bucks but i flattened it at par about 18 seconds before they caved them in. Thats just part of it... it was a tipping point that could've gone anyway so i just reduced the risk, got stopped out by two ticks and it ended up working. No biggie.

My loss was also a good trade, nothing to be ashamed of. Just failed at a double top rather than breaking through... thats just part of trading.

Overall traded well, happy with the end result. Whacko days like this are hard to trade because its not normal price action so i'll take it.
 
ALSWEL said:
I have the Roomba Discovery and Scuba (WOOT.com). They work great, batteries dont last too long though, 2 yrs max. Get the scheduler thingy.

Thinking short EUR/USD in a bit.




Damn, up 30 more points on EUR/JPY.
EDIT: Damn, Damn how do you do that? thats 80 more points this morning. Up 130 points in 3.5 hrs.
Click to expand...

Hey I am not perfect it hit 168.01 LOL, Yes I am good at price action :)
 
Let the fun begin...limit hit for GBP/USD at 1.9885 and EUR/USD at 1.5759. Both short. 25 pt stop on both.
 

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