3/6/09

5:30pm: SIGH, very disappointing that the A/D line for the NYSE did not move up this week. You get major bottoms when the market goes down, like the NYSE did this week, breaking it's prior November lows, BUT, the A/D line moves up. Oh well, there's always next year.

Now, numero uno, I don't recommend any thing Dennis Gartman says, although, he's all right, I like him. Anyway, he was on Fast Money tonight, and said he buying these cheapo stocks hand over fist, one of his recco's was SFD, he likes outfits that make "stuff". Looking at the chart, I like it. It set up a beautiful tight little doji, right at the prior lows from November and December, with a little increase in volume. I noticed it was moving up in the after hours after he talked about it, if it open's up on monday, Da Boyz may pull it back just to fuck with everyone, and try and shake out the weak hands first.

2:10pm: AAAAAAARRRRRGGGGGGHHHHHH! I ususally don't do much on friday's, I guess every so often I have to remind myself of why I don't, sigh. I've been back over it, I "suppose" my thought process was working, the thick black line is the premarket lows, that happened before the payroll report, so we show some strength after the report (it's lousy, but wad ever, not as bad as it was thought to be), so we kind of sell off into the open, and then go directly down after the open on the first bar, and then on the second bar, we get within a penny of that low I'm watching, 26.47 vs 26.46 for the premarket low, SO, the third bar opens up, test the damn low within a penny again, and goes blasting off, hahahahaha, there was 30 cents in that bar, and I missed it (I guess that was the start of my down fall, hahahahaha). SO, we immediately pull back on the next bar, and start coming back down, ok, great. Now, keep in mind, the stinking internals were looking pretty good, the TRIN was in the 40's (although, another part of my down fall, and I actually saw it, was the TRINQ was above 1.50, not good), the A/D's were all positive, the NYSE was REALLY good, etc etc, I mean, well, wad ever. Anyway, to cut it short, the bar at the red arrow came down, made a low at .47, AGAIN, started up, and turned green, and I took it, hahahahahahahahahahaha, you can see, they didn't waste much time on me, the bar turned back down, the next bar actually turned green, you can just see the topping tail on it, and then immediately blasted down through the .46 level, AND, took out yesterday's lows, wad ever, stop city, and end of day. Lesson number one, is when I have a number in mind, in this case that 26.46, KEEP TO THE DAMN NUMBER!!!! Lesson number two, just because the TRIN is low, if the stinking TRINQ is looking awful, THINK TWICE!! This is actually a little later, 2:35, you know, I actually violated one of my cardinal rules on that bar that I took it, I DIDN'T LET THE BAR COMPLETE!!! If I had let the bar complete, I might have had second thoughts about taking it, it ended up not looking, aaaaaaahhhhh, to HOT!!! I think what happened, was I got frustrated on them not hitting that .46 number, and jumped the gun when they held that .47 for about the fourth time, or so. Wad ever, IDIOT!!

We had a pretty big rally into the close, it actually continued after the close, getting above the 26.50 level, I don't know what's going on (OBVIOUSLY!). Anyway, even with the big run up into the close, we still don't have an uptrend going, as we would have to pull back and make some kind of higher low, AND THEN, take out the high they are making now, to get an uptrend started. The Trend-O-Meter is on buy, on that five minute chart, as the 8-16-34ema's have all crossed to the upside, but the 15 and 60 minutes are still on the Dog-Shit-Meter.

The SPY daily actually put on a kind of modified key reversal day, as it took out the lows of the bear market, and then reversed to finish positive on the day, on decent volume as well, hmmmmmmm!!

Anyway, have a nice weekend, I'll probably have more to say after I have a few drinks tonight, and get my mind thinking clearly.

3/5/09

5:30pm: Here's a decent way to use the percentage of stocks above a certain moving average http://www.stocktiming.com/Monday-DailyMarketUpdate.htm, like the 10,20,50,200, as shown on this site, http://www.indexindicators.com/ . I stopped going to the site, because I can get a lot of that information on TradeStation now, and he was getting very slow in posting the information, but for those that can't, you can get the info there.
I mentioned this a few days ago, about how new lows were much higher than they were in November, the previous "lows", http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm .



One of the great mysteries in life continues, as both gold and the dollar went up, together, again.

2:10pm: The five minute chart was about the only thing I was interested in today, I set my "lines" up before the open (probably last night, I'm a little foggy), the upper line was the bottom of that five minute low we made about noon yesterday, the middle line (these are the horizontal lines) was yesterday's low, and the bottom line was the gap fill from the close the day before yesterday. After an initial dump and then pump, we sat right under that low, and put on a whole gaggle of topping tails, in the circle, looked good to me, it was short was a stop over the high of the day. My potential freak out point came at the first upper arrow, as they took us over the top of the line with a solid green bar, but the god's were good, as the next bar went straight down without triggering the stop (that's called LUCK!). So we come down and test today's and yesterday's lows, at the middle arrow, and then kind of go sideways into a shallow bear flaggy looking thing, I almost got out on the third green bar to the right of the arrow, as it got green over that 8ema, BUT, that's why you have to let the candle's complete the time limit, as it came down and closed under the line, and then the next candle took off south again. After we got under the low from yesterday, there was nothing but clear air, or a VOID, down to the gap fill, very cool stuff. You can see at the bottom arrow how they closed right on it, the next bar opened right on it, and started going up, EXIT TIME!! For all intents and purpose's I was done for the day, besides, it was breakfast time (and lunch). I got a little interested at the arrow on the far right, as we actually tried to get an uptrend going, as that was a higher high, off of that higher low that had sat on that gap fill line, between 11 and 12. At that point we were pretty over bought though, so I watched the first pull back off that, to see if we could get another higher low, it actually went down to the gap fill line again, and made a slightly lower low, and kind of wallowed around under the 16ema, finally breaking down into the lows of the day. You can see, it just basically whipped around that gap fill line for the remainder of the day.

The 60min still basically sucks, but it "could" be looking double bottomey, should they decide to take us up. I mean, my goodness, everyone and their brother's uncle knows the payroll report tomorrow is going to be ugly, I would think they may try to take us up if it comes in less than any thing super ugly, I hear that it's probably going to set the all time record.

The daily is right on the crusp of getting REALLY ugly, if they don't save us here. We actually closed under the gap fill from November 21, and really, we have nothing but clear air and a void down to the November lows, should they decided to all leave Dodge at the same time tomorrow. Volume again was just about average, I keep bringing this up, because I have seen no sign of capitulation. The SPY closed on another one of those lowest since 19___ what ever, fill in the blank.

3/4/09

7:40pm: I'm adding this later, as I'm talking to myself about the close, and why I was so disappointed with it, and what it's done, this is in relation that that last commentary below. The 5 minute chart is now totally screwed, as far as a continuation of the upside, IE, it's going to take some time to repair it. Futures are UP as I write, so I have no idea where we open, but based on the close, I would be looking to short any pop in the morning, as we could be setting up an avalanche type of setup, depending on how high they gap us up. What I'd want to see, if how we react if we get back to that horizontal black line, if we start tailing it there, then I will short the shit out of this thing. I'm just trying to get a plan in place, trying to take my emotion out of the equation. If they gap us over that black line, well, then I will wait to see, how we react at the highs of today, which will be my key point tomorrow.

7:00PM: One thing I do, is review the day, constantly, trying to find my screw up's, and/or things I miss. I had a different aggenda today, that is, because of the nature of my "positions", I was actually looking to get less short, and try and get more long, to capitilize on the dumb ass run up, THEREFORE, I was "looking" at things, different, than I normaly have been, and AS SUCH, missed some decent oportunities, that being the two red circles. Now, I have to stop, right off the bat, because what's happening, is I'm talking about my mental misreprestation, of how I was looking at the day (did that make sense??). I'm more concerned about making money off the short side of my trades, by covering at opportune moments, rather than, looking to MAKE more money, shorting the shit out of the stupid thing. I'm talking to myself here, you understand, what happened is I got out of my "sequence". ANYWAY, the two circles represent two things I look for all the time, the first one on the left, we ran up out of the open, made the new high, then "tailed" it, IE, fuzzy tails, and started back down, we only went down a couple of bars, then went back up, and tested that early high, and then "tailed" the shit out of it, IE you see how they tested that line with tails, and yet close way under that line. But what's happened is, is that we've done the bow tie cross over on the 8-16-34ema's, and the momentum is positive, so we pull back a couple of bars, sit on the 16 with a couple of narrow range doji type bars, and then start going up. Then this time, when we approach the prior double top, the bar blast right through it, that's the 15th bar from the open. Number one, that's how you break through double tops and double bottoms, YOU DON'T WAFFLE AT THE BREAK LINE, you just go right through it. You really wouldn't have picked up shit on that short.
So, we go up, and get to the next circle, now, what's not shown, is we have some resistance to the left, in the high's from the first bar yesterday, and the gap fill from two days ago, so now we stop, do a little pull back, and then go back up to test it, and just tail the shit out of it. So you try the short again, with a stop over those highs, and then THIS time, on the first pull back, we get under the 16ema, the blue line. We've broken the momentum some what, so if you hold to your stop, you live through the little run up we have, then we come down and test the 50sma, the thick red line, and you make a little decent change.
THEN, and I didn't circle the thing, damn it, we had the last break out, over to the right, between 12-13:00. I mean, we did the terrificly cool double top off of the level I just talked about above, then we pull back, BUT, we stay above the blue 16ema, IE we are showing strength, so we go up, and test that double top line right on the button, and then the next bar goes right through it, to the new highs of the day (actually, the final highs on the day). I wish I would have had a close up of the break out bar, because when you look at it, it actually opened right on the previous high line, and pulled back down, IE, it was RED, and giving the impression it was going to fail. But they stopped at the 8ema, and immediately reversed the bar to the upside, taking out the prior highs with that green top on the candle.
Anyway, all the action happens around the pivot area's, the previous highs and lows, of what ever time period, and I take the breakout/breakdown, in the context of if we are in a strong position going into the breakout, or a weak position going into the break down. And of course, this has to all be related as to where we are on the dailies, 60's, etc.

6:15pm: My man Clive, Corcoran that is http://morph366.blogspot.com/, mentioned some thing about the "Education" stocks this morning. I haven't said any thing about this, which, I SHOULD have a long time ago, when I first started thinking about how stupid it was, when they all had that humongous run up, but, sigh, it's better to run your stupid mouth to late, and be ridiculed, than to have never mouthed off at all. I have had personal experience with the outfits, as I paid for my youngest son's mechanic "degree", with ITT, and VERY expensive it was, indeed. He's made a lot of money since then (NONE of which, I might add, I have seen), so I can say it was worth it. BUT, the thing that just floored me, was the "explanation" for the bubblicious run up in these stupid things, that being, that with all the lay offs, and the recession/depression approaching, people would be piling into these "schools", in lieu of going to a real college. Well, wad ever, but, if you have been laid off, YOU HAVE NO STINKING CHANCE IN HELL, OF BEING ABLE TO PAY FOR YOUR "EDUCATION" IN ONE OF THESE THINGS!!! And, to top that off, to MY way of thinking, most of them are "Vocational" in nature, meaning, you are paying those mucho bucko's, to get your "degree", in an area, where they are laying people off by the boat load already!!!! I guess I mean to say, the run up didn't quite make sense to me, wad ever, I probably "could'ave, should'ave, would'ave", shorted one of them, to pay myself back, for the bucko's I had previously paid, but alas, I DON'T "DO" STOCKS! IDIOT!!

5:55pm: AAAAAAAAAARRRRRRRRGGGGGGHHHHHHHHHHH!!!!!! CLICK ON THE TEN DAY FORECAST ON THE LITTLE WHEATHER FORECAST THING ON THE SIDE BAR ON THE RIGHT!!! AAAAAAAAARRRRRRRRRGGGGGGGHHHHHHHHH!!!!!!

5:15pm: HAH, I had to laugh a little to myself, on the way back from the grocery store, and the all important "stuff" store, I actually brought some calls today, hahahahahaha! I was trying to remember the last time I brought calls, rather than being a seller of them, I honestly can't remember. Of course, with only three UP days in the last 16 days, WHY IN THE HELL WOULD ANYONE "BUY" CALLS ANYWAY????!!!
AND ANOTHER THING, IF I HAD KNOWN THIS WHOLE RALLY TODAY, WAS PREDICATED ON THE FACT THAT THOSE COMMIE BASTARD CHINESE RALLIED BECAUSE THEY HAD AN ACTUAL ECONOMIC "STIMULUS" PLAN IN PLACE, RATHER THAN A "SPENDING" PLAN, LIKE SOME OTHER COUNTRY I KNOW OF, I WOULD HAVE NEVER BROUGHT SHIT!!!!!!

2:10PM: Aiiiiiiiyyyyyyeeeeee, hahahaha, we went from over sold, to over bought, in one stinking day, hahahaha!!! BUNCHA FRICKING FLAKES!!! The Q shorters went to bed last night, thinking they had a nice little 2% gain working for them, after the crappy news last night, and wake up this morning, to find out, they are the main person involved, with A WAKE!! THEY GOT DA BOYZED, WOOOO HOOOOO!!

Ok, enough of that, my personal thought is, wad a bunch of shit, but, wad ever, ya gotta go wid da flow. I will say, the sell off the last half hour was EXTREMELY disappointing, I was really, honestly, looking for a punch into the close, which is a typical trend day type close, SIGH! Looking at the 60min chart, we still don't have a higher low, to even start looking at an uptrend, and worse, we haven't even gotten into my trend-O-meter setup, where we get a cross of the 16-34ema's. Maybe the current pull back will set up a higher low, and then I can go from that point. SIGH, this is probably just another sucker punch. One other thing that didn't look good all day was the TRIN, it stayed above 1 all day, and jumped up to the 1.50 area with the selling into the close, volume was just about exactly average. This was out of the ordinary selling, makes me wonder if the Boyz are whispering in each other's ear's on the floor. We'll probably find out after the close, that GE filed BK, hahahaha, I heard an interesting thing about that, that if they did go to zero, the DOW would crash an astounding 54 points, hahahahaha, poor old GE.

I swore I wouldn't rag on anyone (yeeeeaaa, rriiiggghhhtt), but I waited all day, and couldn't help it when I finally heard it, Mark Eibel, of RUSSELL for god's sake, used every fricking cliche in the fricking book, saying that it's impossible to TIME the market, investor's have to stay invested at ALL times, because if they DON'T, they will miss days like this!!!! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA, so, let me get this right MARK, you stay invested, lose about 57% of your fricking money, and then go woooo hooooo, when you manage to get 2% of it back, ON A DAY LIKE TODAY!!!! JERK!!!

3/3/09

5:00pm: HAH! I didn't know it was "Square Root Day", 3/3/09, it fit's just perfectly, I come from a bunch of square roots. My Great Grandfather was a square, my Grand father was a square, my father was a square, and I'm a square. I don't know if my kids are or not, probably.


3:00pm: Looking at that last five minute bar, NOW, you think maybe some body knew about the shit coming out after the close, huh, you think, HUH, WADA YA THINK!!!!!!! Gee, it would probably be pretty easy to be a fricking "trader" in this market, is if your standing on the floor of the exchange, and some body whisper's in your ear, along with every one else on the floor, five minutes before the close, sell every thing, a shit pile of shit is coming out after the close.

2:45pm: Q's are getting pretty much crushed in the after hours, down about 40 cents, on this congolmeration of shit:
The GOOG CEO was yakking:
Google CEO: malaise worldwide 'will translate to our world'
4:17 p.m.
[GOOG] Google CEO: company 'not immune' to worsening economy
Google CEO: YouTube revenue 'taking much longer' than hoped
Google CEO: 'We're talking about 2010' for economic recovery
4:24 p.m.
[GOOG] Google CEO: 2009 to be a 'tough, tough' year
Google CEO: search market 'not settled at all'

The YAHOO CEO was yakking, she was doing all right until she made this statement:
Yahoo CEO: 'I don't use Yahoo maps, I use Google maps'

Then the hottest stock in the NasDaq, PALM topped it off, by saying they are going to miss earnings by 50%.

2:30pm: AAAAAAARRRRRGGGGGHHHH!!! I didn't get much sleep during my nap time, because I was to busy YELLING AT THE FRICKING TV!!!! I do that a lot, especially when that slime bag Geithner is on it, he was doing his congressional testimony (I WANNA TESTIFY, I WANNA TESTFY). I will say, I did get one moment of estacy, as ONE of those congress people FINALLY asked him about the "GEITHNER RULE", that being, that he is hiring an additional 1,000 IRS agents to get all those nasty fricking tax cheats, hahahahahahahahahaha, you probably already see where this is going, right???!!!!! The congressman asked him how, as the head of the Federal Reserve in New Yaaawk, that he could consider himself exempt from audits, and that he didn't even decide to turn honest until after he was nominated for Treasury Secretary, that he now consider's himself the defender of truth, justice and the American way???!!! Geithner wouldn't answer him, and to his credit, the Congressman stated "let it show on the record, that the Secretary refused to engage me on the question", hahahahahahaha, get'em!!!!!!!!!
Then, to almost top that one off, the White House Press Secretary got into a pretty heated debate with one of the CNBC reporter's at the White House briefing, as the reporter was pressing him on the Administration's Wall Street Bashing, IE: read "Obama", and destroying confindence in the markets, and causing trillions of dollars of loss's to ordinary Americans, as over 100 million American's are invested in the stock market in one form or another, and how did they rectify that with their constant blathering about how they are trying to help the great majority of Americans.

I forgot to mention, Uncle Ben took some heat today, and got a little heated:
Bernanke takes heat over AIG


The SPY had another one of those "lowest since" things, I think it's the lowest close since 1996 now, or some thing, WHO CARES!!
The Q's came within a whisker os having an inside day, if Da Boyz hadn't have had their fun with that stop run this morning that took out yesterday's low by a nickel.

The 60min still looks like dog shit, it's amazing how much fun you can have with a five minute time frame inside that ugly 60min chart, ain't it!

2:10pm: Haaaaaa, I love it, when the flow of the market works with my biorythmic clock, woooo hoooooo! I'm at my best in the mornings (as if I have a "best"), I eat from 9-10, then it's nap time until 12, when I come back in for the last two hours. They decided to trend us down from about 8:55 when they bow tied the 8-16-34 ema's, at the little circle, so I get sausage grease all over my mouse, as we walk down under that little thin black line, the 8ema, we actually took out the low from yesterday, then it's nap time, and waaaaa laaaaa, I get back and we start trending up, over the 8, then we start breaking down going into the last hour, we get back under that 8, and walk it down all the way under the bottom trend line, when some body decided to start buying the stupid thing, so I'm done at that point for the day. I guess they got buyer's remorse going into the close, as they sold the shit out of the last five minutes. The down grade on BAC's debt in the last 45 minutes didn't help much.

Even with that big pump from noon to 1pm that took out the highs of the day, we actually, never got into an up trend on that 5 minute chart. We opened with a higher high, than the previous one before the close yesterday, coool, but then we collasped and made a lower low, so, start over, we then made a LOWER high than the open to the left, then we made a HIGHER low, cooool, but then followed that with a lower high, then a lower low, start over, we then get the huge pump to the highs of the day, coooool, a higher high, but we need a HIGHER LOW, so we get the big pull back into the close, THAT, four bars in from the close, you could say it made a higher low pivot, but if YOU COUNT THAT, then, you have to count the last two bars of the day, which made a LOWER HIGH and then a LOWER LOW. Hey, I admit it, I got a lot of time on my hands.

3/2/09

5:45pm: WOOOOOOOOOOOWWWWW!! About two minutes ago, on the Larry Crudlow show, my favorite short seller, little Dougie Kass, HUNG HIS ASSSSS OUT ON THE LINE, and said the S&P will make it's low, FOR THE YEAR, in two or three days!!!! I'm impressed Dougie!

Hahahahaha, Sysin tried to clue me in on who the lone Ranger was, the one stock that was green in the NasDogs TODAY, it was WCRX, http://quotes.nasdaq.com/quote.dll?page=nasdaq100, the main question I have, IS WHO, OR WHAT, IN THE HELL, IS A WCRX, AND WHY IN THE HELL, IS IT IN THE NASDOG 100???????????????? Hahahahahahahaha, after taking a look at a chart of it, I can see why they put it in the NasDog 100, hahahahahaha, it's one of the doggiest looking charts I've ever seen!!!!!!!
And since I looked at that list, why are ADP, CA, DTV and STX in the NasDogs, THOSE ARE FRICKING NYSE STOCKS!!!!!! I DON'T TRADE NYSE STOCKS, THE FRICKING CROOKS!!!!! I'M TEMPED TO STOP TRADING THE Q'S, PERIOD!!!!!

Get a load of this little sweet heart heat map, the ETF's: http://screening.nasdaq.com/heatmaps/Heatmap_ETF.asp



I would point out on the SPY chart, the phenonm I talked about, about how when we test an area, like old lows, we have a tendency to hold it on the first test, and then go blasting through it on the subsequent retest, like we just did. Anyway, it's one of the things I keep locked away in my over loaded little mind.

2:10pm: Nice day, YOU THINK!!!! The internals were greeeeeeaaaattttt, I believe we closed at 213 issues UP, and 2945 DOWN, almost 14 to one to the down side, what ever happened to the good ole 90 percent down days???? Numbers like this are usually associated with bottoms, yeeeaaaa, like, the bottom of despair. There's no reason to show any intra-day charts, they all suck, and look the same, I don't see any thing on them, although for a while the 15 min was trying to give a rounded bottom look to it, hmmmmmm, rooooounded bottoms!

Anyway, the Q's tried to hold the second support level I talked about, the gap fill from November 21, at 26.67, closing 3 cents below it. It actually tried to hold the first one at .84, for awhile anyway. I personally know some one who unloaded a few of his hedgies at that point, hahahahahahahaha, NOW, I WONDER WHO THAT COULD BE!!

Pristine is having another three day free (the magic word) trial starting tomorrow, http://www.pristine.com/ . Personally, I'm going to bed and rest up for turn around tuesday tomorrow, you know, that day when we turn around from going down, TO REALLY GOING DOWN!!!! Screw it, I may NOT get out of bed, if I do though, I'll be hanging out in one of the Pristine rooms, definitely the METHOD room when Greg Capra gives his market analysis, at about 9 am ET.

Bonds went up, but not enough to do me any good.

The McClellan exited the short trade from a few days ago, NICE TRADE McCELL, CLAP CLAP CLAP!!! The next trade will be a LONG trade, when it climbs above -100, good luck with THAT one.

The A/D differencial on the NYSE still stayed above the November lows.

I never did check to see who that one stock in the Q's was, that was UP today, like, I really care anyway.

The S&P new lows are sitting at a much higher level than either October or November.

The P/C, Put to Call ratio, is sitting at a disapointingly low level.

The Q's are sitting on the bottom line of the short term Linear Regression channel, which means, absolutely diddly squat.

The DeMark count is sitting on 12 right now, that's pretty extreme, considering 9 is his buy count.

6:00am:
A kid asks his father for help on a writing assignment. "Dad, can you tell me the difference between potential and reality?"His father looks up thoughtfully and says, "I'll demonstrate. Go ask your mother if she would sleep with Robert Redford for a million dollars. Then go ask your sister if she would sleep with Brad Pitt for a million dollars. Come back and tell me what you've learned."The kid is puzzled, but asks his mother. "Mom, if someone gave you a million dollars, would you sleep with Robert Redford?""Don't tell your father, but, yes, I would."He then goes to his sister's room. "Sis, if someone gave you a million dollars, would you sleep with Brad Pitt?"She replies, "Omigod! Definitely!"The kid goes back to his father. "Dad, I think I've figured it out. Potentially, we are sitting on $2 million bucks, but in reality, we're living with two sluts."

I'm tired of nothing but bad news all the time, so I decided to start the week off with a reality check, hahahahahaha!! SIGH, the futures are down about 2.2%, the ES, the DOW is down about 125 points, which is better than it was last night, the Q's are slightly better, ONLY down 1.85% or 51 cents, at 27.02. The December lows are 26.84, I bring that number up, because it "may" provide some support on the first test, but if the senior index's are determined to go down, nothing going to stop us. The gap fill from November 21 is 26.67, and once we get through that, there's virtually nothing to stop it from going to the November lows of 25.05. Those are just day trading numbers I will be watching, as they "can" provide temporary support, with possible bounces off of them.
Wad ever, good luck out there this week.

March 1 Redux

7:00am: Here's the equity curve for the post last night, now, what I like about it, is the slope, however, what it has, is some pretty large draw downs, like I said it would last night. We are currently on trade number 33, a short, so the thing generated 33 trades in about 10 months, with a profit, on a thousand shares of the Q's, of about $17,000, not to bad, but of course, you have to live through those fricking draw downs, the largest of which was $4,610, but that was also the largest CONSECUTIVE loss you had, with the largest consecutive win's being $9,490.

The main problem of course, is that I don't know how to code in stop's and stuff, Sysin and BZ haven't taught me that, yet, but of course, I don't use stop's anyway, WHO NEED'S STINKING STOP'S!!!!!!!! If you could figure out stop's for it, the curve would probably increase enormously, right off the bat, looking at the chart at the top, I can tell you that once you get a trigger on the trade, IE, you go from like under the -100 line to above the -100 line, which is the trigger, it almost always immediately goes to the Zero line, and if the trade is going to fail, IE a draw down, it usually does so at that point, IE it turns back down under the Zero line, and then back down to under -100. So, you could like code in a stop, that if we get a trigger, AND, it goes under or over the Zero line, AND, turns back the other way, stop the trade at that point.

Now, just looking at the chart, I see some really interesting things, to "me" anyway. Numero Uno, the short trades worked really well, and I can't for the life of me figure out why, maybe it's because we are in A FRICKING BEAR MARKET!!!! You can see in the circles on the top line, that short's triggered five times, just on the time period on the chart, and, with the exception of one of them, they worked to the max, right off the bat, almost immediately going from +100 to -100. The one that failed, at the question mark, did the stop run thing, IE, it went under the Zero line, and then turned back up to go back above +100 (IE, Da Boyz were fucking with everyone, hahahahahahaha).

The udder thing, is the divergences, you can see there were quite a few just in the time period on the chart. Most of them were on the long side, there was only one short divergence, from the top on 1/27 to the higher high we made on 2/6, what that means, is that even though Da Boyz were trying to give the illusion of pushing us higher, IE you better buy this thing and get on board fast because we are going to da moon, they were doing it with less and less stocks participating in the run up, IE, THEY WERE LYING MF'ER'S!!!!!! By the way, that was probably the last great shorting opportunity you will ever have, before the Q's and SPY go to about 5 bucks, and the DOW to 1!!! We had three divergences on the lower end, where price made a lower low but the McClellan made a higher low, and interestingly, we are making one right now. However, I have no doubt that either tomorrow or when ever, we will go blasting down through that Zero line and into the depths of hell, taking the divergence out. It's to bad I can't learn how to code divegences, if it's even possible, they look like they are very testable.

In conclusion (finally), I'm going to have to move this chart to where I can keep my one good eye on it, now that I know I have a testable parameter to take some trades on. When I take trades off of "systems" like this, I do it with options, and I try and hide it from me, so I don't go jumping the gun on the exit, IE, I don't want to be sitting here watching it go red, and decide to get out before the exit triggers, IE, a LOSS, so I just hide it on my platform so I can't see it. Now, I haven't tested this with BZ's favorite "system" index, the IWM, nor have I checked it on the SPY, because you have to change all the Data entries, but luckily, TradeStation now has Advance/Decline lines for both the IWM and the SPY, so it can be done, and I "may" do it, just to check it out. But, it may be awhile, as I'm moving on already, to a new MACD "system" that I'm looking at, just as soon as I can figure out how to code the damn thing. I'll put the coding in the comment section, so the Blogger dosen't blow up, along with the coding for "My McClellan", which is the one on the screen.

WOOOOOOOOOO WEEEEEEEEEEEEEE, this could be an EXTREMELY volatile week, as those lying slime bag's in Washington will be releasing a whole shit pile of forged documents, SOME TIMES CALLED "ECONOMIC" RELEASES, such as on monday Consumer spending, core PCE, ISM manufacturing and Construction spending. On tuesday we have Pending homes sales and Auto sales. Wednesday ADP employment and ISM services. Then thursday, the weekly Unemployment claims, Productivity and Factory oders. Friday rounds out the week with Non-farm payrolls, the Unemployment rate and Consumer credit. The FED gets involved on tuesday with testimony by FED chairman Bernanke before the Senate. Then wednesday the Beige book is released. And finally on thursday vice chair Kohn gives testimony to the Senate.

I'm either going to be on the phone with William Shatner negotiating my six month stay in Princeville next winter, after making a fortune, or I'm going to be busy moving what little stuff I have left after selling it to the pawn broker, and moving out to my tent on the ranch. The worse part of course, is that all those lies are released before the real open, so Da Boyz can jack the index's around all over the place in the premarket, before their true intentions become known some time during actual trading hours.

Wooooow, there was some pretty disturbing new's INSIDE the GDP report that was released last week, that, some how, was "magically", not reported by the main stream, read "WALL STREET", press: http://www.financialsense.com/Market/wrapup.htm