Archive for January, 2009

Bill passes plus Fed releases some gas …

I think everything will be fine from now on. Goldilocks could be back. We rallied almost 30 handles. More importantly I stayed missively short ES and SP with newly added bags… I just cant help!!!br /br /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SYEUtkRaQyI/AAAAAAAABb8/sDi13mSg0g8/s1600-h/DC_Capital_01+Jan.+28+21.29.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 238px;” src=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SYEUtkRaQyI/AAAAAAAABb8/sDi13mSg0g8/s400/DC_Capital_01+Jan.+28+21.29.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5296537409827783458″ //abr /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SYEW6E9tw4I/AAAAAAAABcU/K0EIj0y9BcA/s1600-h/DC_Capital_04+Jan.+28+21.38.gif”img style=”cursor:pointer; cursor:hand;width: 400px; height: 235px;” src=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SYEW6E9tw4I/AAAAAAAABcU/K0EIj0y9BcA/s400/DC_Capital_04+Jan.+28+21.38.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5296539823785231234″ //abr /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SYEVuVSbAvI/AAAAAAAABcM/eT7YTBCbMT4/s1600-h/DC_Capital_03+Jan.+28+21.31.gif”img style=”cursor:pointer; cursor:hand;width: 253px; height: 254px;” src=”http://4.bp.blogspot.com/_ZdctlOEsqMQ/SYEVuVSbAvI/AAAAAAAABcM/eT7YTBCbMT4/s400/DC_Capital_03+Jan.+28+21.31.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5296538522496991986″ //abr /a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SYEVufE08gI/AAAAAAAABcE/nNiQkSKz1Fg/s1600-h/DC_Capital_02+Jan.+28+21.31.gif”img style=”cursor:pointer; cursor:hand;width: 193px; height: 393px;” src=”http://1.bp.blogspot.com/_ZdctlOEsqMQ/SYEVufE08gI/AAAAAAAABcE/nNiQkSKz1Fg/s400/DC_Capital_02+Jan.+28+21.31.gif” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5296538525124325890″ //a

The path of the most predictable…

This came to my mind a few days ago, why the most predictable has been working the best since late November. I can only come up with one thing. Institutions are out of the market. I know GS and JPM didn’t break $10 yet but when they do, all rules of the game will turn upside down completely. You buy low volume rallies, extreme bullish retail sentiment trade news with straight Aristo logic etc… Sounds like a biblical justice for suckers.br /br /Lets gap up and sell off, rinse and repeat, make retail addict to the oscillator trading until the next day of unpredictable.

Trade summary

Due to my intesified work schedule, I will be posting less from now on. Below is a trade summary as future referance. SP position is the largest and intended for intermediate term trade:br /br /Short SP@ 844br /Short YM@ 8100 (average)br /Short NQ@ 1182br /Long SKF@ 159.5br /br /Mental Stop @ 847 (Exit will be posted regardless)br /br /Target for all is btw 550-630 on SPXbr /br /PS: Blog will still be as active as it was as Sol and other authors (there will be a new member this week) keep it updated often. I will also drop by if/when there is an impending major event.br /br /br /xTrends forever !!!

Lets get over with it…

Without getting into details, there is a possibility , there are signs in place, that SP may finally test sub-600 level to put a multiyear bottom in a few weeks. This will be the best stimulus package this country as well as any other nation on the earth can get.

Shorted SPH9 above 840

long SKF @ 159.5

Added YM short @ 8125

Sold ES @ 842

This leaves me with NQ and YM shorts

short YM @ 8080

sold BGU @ 29.1