Archive for December, 2008

Ten… Nine… Eight…

Pre-New Year comment cleaner…

Into the oblivion 2

Bubble Studios Presents:br /br /Into the oblivion 2 br /br /Starring B.S Bernanke, H. Paulson, C. Cox, GWBbr /br /Produced and Directed by Alan G. br /br /Coming to a theater nearest you on Jan 1, 2009br /br /br /YOU CAN RUN BUT YOU CAN NOT HIDE ! B Stearn, Lemon Bros, AIG, Wamu, Wacho, Citi, Detroit coalition, Madoff gang ….They were just the beginning.

taking some profit

As you remember I opened a long position in dug @28.35 about 10 days ago and yesterday took $6.06 p/s divedent. I am still mid-term bullish for dug. But due to the holiday season and low volume in the market, I decided to close that position. I believe it’s always better keeping in your pocket than keeping in the market. br /br /Closed at 29.29br /br /((6.06+29.29)-28.35)/28.35 = 24.7% profit

Why?

Why these people are still getting bullish as the market falls is out of my understanding but one thing I am glad about is, I wont be paying vacations for the next few years. (I should hold my breath till tomorrows gap up on TZA but it is a given anyway) br /br /Thank you Santa, thank you Ms Market for the epic year, and wish all xTrends family a wonderful Christmas.br /br /Staying massively short ES from 864 , 890 and 917 for the terminal crash possibly in January 09… Ms Market, help me retire next year please!br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVGcqb-EB5I/AAAAAAAABUw/SoHk83d79wY/s1600-h/dc_capital_03+Dec.+23+21.20.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 241px;” src=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVGcqb-EB5I/AAAAAAAABUw/SoHk83d79wY/s400/dc_capital_03+Dec.+23+21.20.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5283176090758809490″ //abr /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://3.bp.blogspot.com/_ZdctlOEsqMQ/SVGcqQpCyxI/AAAAAAAABUo/2oViXLysLDU/s1600-h/dc_capital_02+Dec.+23+21.07.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 335px;” src=”http://3.bp.blogspot.com/_ZdctlOEsqMQ/SVGcqQpCyxI/AAAAAAAABUo/2oViXLysLDU/s400/dc_capital_02+Dec.+23+21.07.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5283176087717858066″ //a

Have yourself a very…..

Dear all,br /br /Here in Australia it’s Christmas Eve already.br /br /Those of you in the USA: now you know why Santa only brings you crappy presents – he already gave the good stuff to the Aussies! Hehe…br /br /Just for laughs, I’ve thrown in some of what I think are the corniest Christmas songs/videos ever.br /br /br /Let’s kick things off with Barbara Streisand in her crack years:br /br /a style=”left: 0px ! important; top: 11px ! important;” title=”Click here to block this object with Adblock Plus” class=”abp-objtab-05554305704449654 visible ontop” href=”http://www.youtube.com/v/z2lRSk0MWAYamp;hl=enamp;fs=1″/aobject height=”344″ width=”425″param name=”movie” value=”http://www.youtube.com/v/z2lRSk0MWAYamp;hl=enamp;fs=1″param name=”allowFullScreen” value=”true”param name=”allowscriptaccess” value=”always”embed src=”http://www.youtube.com/v/z2lRSk0MWAYamp;hl=enamp;fs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” height=”344″ width=”425″/embed/objectbr /br /br /Oh… and have a Holly Jolly Christmas, on me…br /br /object width=”425″ height=”344″param name=”movie” value=”http://www.youtube.com/v/LGyGNxHtvRkhl=enfs=1″/paramparam name=”allowFullScreen” value=”true”/paramparam name=”allowscriptaccess” value=”always”/paramembed src=”http://www.youtube.com/v/LGyGNxHtvRkhl=enfs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″/embed/objectbr /br /br /And I just have to let Johnny Cash in on the act…br /br /object width=”425″ height=”344″param name=”movie” value=”http://www.youtube.com/v/7whpDc7d2YYhl=enfs=1″/paramparam name=”allowFullScreen” value=”true”/paramparam name=”allowscriptaccess” value=”always”/paramembed src=”http://www.youtube.com/v/7whpDc7d2YYhl=enfs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″/embed/objectbr /br /br /Leaving on a high (!!??) note, feast your eyes on the Reggae master…. Bryan Adamsbr /br /object width=”425″ height=”344″param name=”movie” value=”http://www.youtube.com/v/9aajeb73Ad4hl=enfs=1″/paramparam name=”allowFullScreen” value=”true”/paramparam name=”allowscriptaccess” value=”always”/paramembed src=”http://www.youtube.com/v/9aajeb73Ad4hl=enfs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″/embed/objectbr /br /br /You’ll all need to go out for a stiff drink after listening to that lineup.br /br /Feel free to post your own top picks for most craptastic Christmas music in the comments section!br /br /br /Merry Christmas!br /br /JB3

Retail is still getting more bullish as SPX falls…

Just briefly checked some charts before the certain one catches me, looks like retail is still getting bullish as if they insist on giving me the final orgasmic blast to finish the year with an epic end.br /br /BTW, I see LOD is 852.75 on ES… That was the number I mentioned in my previous post and we need to break that level to crater towards sub-800 in coming days. Light holiday trading certainly makes this harder but at the rate retail is getting bullish, odds favor we can do it.br /br /I have included a trade setup for x3 small cap short (TZA). I bought some today around 55 upon future vacation plans were brought to the breakfast table. Hopefully, it will pay our vacations for the next few years. I think if ES opens below 855, TZA will break out of that triangle with a break away gap.br /br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkaTNTKI/AAAAAAAABUg/c2JgevgcO7g/s1600-h/dc_capital_03+Dec.+22+14.59.gif”img style=”cursor: pointer; width: 400px; height: 237px;” src=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkaTNTKI/AAAAAAAABUg/c2JgevgcO7g/s400/dc_capital_03+Dec.+22+14.59.gif” alt=”" id=”BLOGGER_PHOTO_ID_5282762570859367586″ border=”0″ //abr /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://2.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkcvGuNI/AAAAAAAABUY/xOxl5UYk-7Y/s1600-h/dc_capital_05+Dec.+22+18.21.gif”img style=”cursor: pointer; width: 400px; height: 334px;” src=”http://2.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkcvGuNI/AAAAAAAABUY/xOxl5UYk-7Y/s400/dc_capital_05+Dec.+22+18.21.gif” alt=”" id=”BLOGGER_PHOTO_ID_5282762571513247954″ border=”0″ //abr /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkBM-O7I/AAAAAAAABUQ/jdix-zDRykI/s1600-h/dc_capital_04+Dec.+22+18.21.gif”img style=”cursor: pointer; width: 400px; height: 389px;” src=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SVAkkBM-O7I/AAAAAAAABUQ/jdix-zDRykI/s400/dc_capital_04+Dec.+22+18.21.gif” alt=”" id=”BLOGGER_PHOTO_ID_5282762564122327986″ border=”0″ //abr /br /This is for the one who owns my heart and my soul.br /object width=”425″ height=”344″param name=”movie” value=”http://www.youtube.com/v/4IbPGxYWS_khl=enfs=1″/paramparam name=”allowFullScreen” value=”true”/paramparam name=”allowscriptaccess” value=”always”/paramembed src=”http://www.youtube.com/v/4IbPGxYWS_khl=enfs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″/embed/object

About to enter sweet spot… (ST)

After a quick review of the short term charts, I think the next possible short term low is somewhere around 770-780. Important confirmation will be a gap below 853 on ES tomorrow. Staying short from 864 , 890 and 917.br /br /PS: I am on vacation, I’ll try to update whenever I can.

Reconnected

Hi all,divbr //divdivJB3 here./divdivbr //divdivThis is a comment cleaner and a quick update on my active trades./divdivbr //divdivWas away for Friday’s session and had no net connection, so I covered my ES and left some protective stops on my EUR/USD short. /divdivbr //divdivThey didn’t get hit. This has turned out to be a very successful trade for me. I closed out a moment ago 1.3925 for a ride of approx 7 US cents. /divdivbr //divdivIt seems most likely that EUR/USD blew out of a triangle on friday. Unless the move extends, 1.427ish should be revisited in the next week or so. As I believe the larger trend is now back down, I’ll be on the sidelines watching the character of the move and possibly looking for another short entry if one becomes available./divdivbr //divdivI still hold a bunch of shorts in XOM, C, WYNN and MA. After a brief look at the charts, it looks like XOM is starting to break down. /divdivbr //divdivI’ll be looking to re-enter my ES shorts, but will be doing so as judiciously as I can because, like some other commenters, the charts indicate potential for an upside shakeout prior to the big move down. br //divdivbr //divdivSee you in the comments section…/divdivbr //divdivJB3/div

Eeny, meeny, miny, moe… (Rated R for strong blood content)

Eeny, meeny, miny moe,br /Catch a tiger by the toe.br /If he hollers make him pay,br /Fifty dollars every day…..br /br /br /Wonder why it spends too much time around 903?br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SUqZhdTylBI/AAAAAAAABUI/UWO_wL6fPdc/s1600-h/pig_fetilizer_02+Dec.+18+13.33.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 312px;” src=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SUqZhdTylBI/AAAAAAAABUI/UWO_wL6fPdc/s400/pig_fetilizer_02+Dec.+18+13.33.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5281202313127695378″ //abr /br /object width=”425″ height=”344″param name=”movie” value=”http://www.youtube.com/v/zj7tUe-m2DYhl=enfs=1″/paramparam name=”allowFullScreen” value=”true”/paramparam name=”allowscriptaccess” value=”always”/paramembed src=”http://www.youtube.com/v/zj7tUe-m2DYhl=enfs=1″ type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″/embed/object

Suckers got more bullish after todays drop…

You know a bunch of lunatic suckers got hectic here on xTrends yesterday… Which nailed the top… Today they got more bullish despite the drop…br /br /When this is over, not only they will be bearish on everything but they will forget about the stock market as well. Because this is the type of move that requires such fireworks. br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://3.bp.blogspot.com/_ZdctlOEsqMQ/SUmjPFhrvJI/AAAAAAAABUA/a54dayACjdg/s1600-h/dc_capital_12+Dec.+17+20.08.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 333px;” src=”http://3.bp.blogspot.com/_ZdctlOEsqMQ/SUmjPFhrvJI/AAAAAAAABUA/a54dayACjdg/s400/dc_capital_12+Dec.+17+20.08.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5280931517645438098″ //a