QUESTION

I changed the blog so it only show's one day of posts, is that BETTER, or, WORSE?? I did that to cut down on the loading time.

MSW 4/3/09

The MSW came up with a couple of interesting items, on the bottom, it's weekly signals for the ETF's, it stopped out of it's short on the Q's, that has been in place since August of last year, hmmmmmm. It held it's new buy on the EWJ, and it's short on the SLV, and loves the IYT, the transports, with a confirmed buy. There was not much change in the daily signals.

On the Russell 1000 it gave a new buy signal on RIMM (YUCKO!), sigh, who knows, it might work. What I found interesting, was how stupidly human this brainless software is, as it's trying to short CREE again, hahahahahaha, the thing thinks the same way I do, SHORT THE PEICE OF SHIT!!! It had a short that worked really well that started last September and lasted into December. Then, it tried to short it again in January, stopped out, tried AGAIN in January, made money, tried to short it twice in March, stopped out on both of them, and now, it's trying again. I'll give it credit, it's a persistant little thing, what I'm trying to point out, is, that just like anything or anyone, it's NOT PERFECT, as no one is.

4/3/09

2:10PM: YUCKO, is that the ugliest, I mean, uuuuuuggggggliieeeestttt chart, I've ever seen, or WAD???!!! Geeze, I'm sure glad I'm over weight short. We had a snow storm here today, maybe that has some thing to do with my ethernet, anyway, I'll update this weekend, when (if??) I get it back, so it's the cheapo charts. I notice we hit a high of 32.40, now, where did I hear that number from, hhhhmmmmmm, OH, that's right, I mentioned it this morning, hahahaha!! It ALWAYS helps to watch the premarket highs and lows, they can be important numbers.

One really baaaaaaaaad thing that happened today, since I didn't have much to do, I was watching BubbleVision, hahahahahahahaha, my god, they are at LEAST, as bad as they ever were. I mean listening to them, you would swear the job's report actually showed a GAIN, hahahahahahaha, and oh, yea, heaven forbid they mention the huge upward revision to january, what a bunch of stinking clown's. Their guests are just as bad, they had on an analyst from JP Morgan (one of my most favorite trusted sources, hahahaha), his last name was Lee, he actually said, and I quote, "Stocks are looking very attractively valued here". ?????????????????????????????!!!!!!!! WTF!!!!!!! Let me get this straight, we get the biggest rally since the great depression, 22%+, DURING, the greatest depression, SINCE, the great depression, and STOCKS ARE LOOKING VERY ATTRACTIVELY VALUED??????????????????????? What the hell was he saying in the depths of hell, on March 9th???????????? Were they UNATTRACTIVE then?????????

Wad ever, please get my inet back, so I don't do stupid shit like that, like watch Bubblevision.

I did get to watch "Indiana Jones and the Kingdom of the Crystal Skull", I thought it was terrific, funnier than hell, I guess it was to sophomoric for the critic's, which is right up my alley.

10:30am: WELL, that certainly takes care of me, probably none to soon either, hahahaha! What I'm talking about, is some thing happened to my Ethernet, and it blew the puter up, I'm back on, but on the regular phone hook up, which sucks, I can't get my platforms running on just the phone line. Anyway, I had a greaaaaat week, so it's just as well, and as the chart shows, it was looking like the fun was over with. We set the high in the premarket, just under 32.40, pulled back, and after the open, made a lower high, wooooo hoooooo, hahahahaha (sorry bulls). So then, we actually make a lower low, just to the left of the arrow, then bear flag up and sit under all the MA's, and start down, wooooooo hooooo, I'm gonna fricking dollar down when we break those lows!!!!! Hahahahahaha, roach's, not to be, we stop and actually make a dinky little higher low, wallow around, come back and make another higher low, and right now we've broken over the MA's, like I said, it looks like the fun is over, for now. We're pretty over bought on that 5min chart, I have no idea if we break over the intraday high to the left, around 32.30, or not, if we do, then we obviously go after the premarket highs, in the .40 "area".
Most of my great week, was due to that little peice of junk I was screwing around with, TQNT. I got .75 for half of it, like, yesterday?? day before??, this morning, it opens up being bid .70, ask at 1.10, this is the problem with little things like this, huge spreads. So I offer 1.00 for the last half, no take, lower it to .95, boom, I'm out of it, hahahaha, roach's, you have NO IDEA what they will take, with a spread like that. So I pick up .20 on the first half, and .40 on the second, wooooo hooooo, I may take the next two month's off, hahahahaha!!!!
Anyway, I may be back later, if I can get my ethernet back. Good luck the rest of the day.

7:00am: MarketWatch cracks me up, Eerie calm before jobs data ,they're so dramatic. Anyway, the report was horrible, 663,000 jobs are lost , but, not as bad as expected. DOW futures were up about 40 before the report, they are down about 50 right now. Why down, after a better than expected report?? "8:30 a.m.: U.S Jan. payrolls revised to loss of 741,000 jobs", the Government, magically, TWO MONTHS after the report, managed to find another 100K+ jobs that were lost, the lying fricking slime bags, I mean, they know EXACTLY, every milli second of the day, who's employed and who's not, they just put it off two months, hoping no one would notice.

Anyway, the job loss's only reinforce my feelings about that chart above, FO, Fortune Brand's, as they are very intimate with my best friend, Jim, Jim Beam that is, and I think more people are going to get familiar with him, hahahahahaha! It broke out through that 27.50 level yesterday under huge volume (I had a large volume of "it" myself, a few nights ago), the 30 level "may" be big resistance, but once through that it will go right to 34, then to the gap fill at 38, then the prior highs at 42. This thing was a $60+ stock in the last year. It showed up on the MSW weekly charts, as a confirmed buy, from the move yesterday. My "preferred" senario, would be for it to stall at 30, then pull back and fill that gap at 26, and scare the absolute shit out of the bull's, before blasting off to those area's I mentioned above, of course, I could be dreaming on that one, but, wad ever.

Watch out for the ISM Services report at 10am ET, good luck out there today.

MSW

No change on the ETF's at the top, at least, I don't think there was. One note about the Q's, RIMM blew earning's away after hours, and are up like 14 bucks, APPL went up with it, I guess because RIMM is taking share, hahahahahahahaha, go figure THAT one. Anyway, da Q's are back over 32, which, when I look to the left, after we broke over those two highs at 31.68, the way is clear up to the 11/4 highs around 34, I mean, we virtually have no resistance between here, and there. HOWEVER, my McClellan is very over bought, among other things like the stocks above their 10 and 20ma's, etc etc, so, we have a two edged sword here. I'm going to do what the tough always do here, and go hide. I left a comment to Sysin, about a comment a famous blogger made about the recent monthly payroll report days, that was kind of interesting.

The stock play, at the bottom, has one new buy, PTEN, I'm not interested, maybe you are. It had six new shorts, most of them are a little interesting, GENZ, the one on the chart, is the one I see most interesting. Should I take any of those shorts, I will definitely have a stop over the recent highs from a few days ago.

4/2/09

2:15PM: These things just go straight up forever, don't they, THEY WILL NEVER PULL BACK!!!! Hahahahahahaha, ok, well, maybe a "little" pull back. That 15min chart showed the first chink in the armour when it made the lower high, and then REALLY chinked when it made the lower low. I mean, some times market's actually act a little "normal", as there would be just no reason for a "trader" who had picked some gains up, to kind of like, LIGHTEN UP A LITTLE, into the payroll report in the morning.

The daily was setting up an ugly looking hammer on it, it kind of got helped the last five minutes with a little rally, but that thing sure looks weird sitting out there all by itself, like, if the payroll report comes in a little worse than expected, like 800K or some thing, we could be looking at an Island reversal, or abandoned baby (poor baby). Speaking of that little late rally, it always set's off my PPT alarm bells, as the KEY number to hold, when we pulled back today, was the break out number, 31.68, which is over those two prior highs I talked about, yesterday?? Anyway, very cute, we just "happen" to rally back above that number into the close.

The McClellan completed it's latest trade this morning, a long trade, it entered on 3/31 at 30.62, and exited this morning at 31.57, it left quite a bit on the table, but, way to go McCell, Clap Clap Clap! It's next trade will be a short trade.

Back later with the MSW.

7:15am: The bull shit has been hitting the fan over night, futures are up 1.6 to almost 2%, Q's up 55 cents to 31.32. The ES was much higher this morning, but pulled back after the economic data, Relentlessly higher jobless filings First-time claims stand at the highest since 1982, as continuing claims jump to 5.73 million.• Consumer loan delinquencies hit a record 3.22% , are they REALLY using the word "HOPE", in this article?? NewsWatch: Stock futures suggest rally's extension on economy hopes , anyway, banks and oil are rallying like crazy, BAC up another 10%.
We have room to go higher after the open, after we got that little pull back, BUT, the Q's are hitting huge resistance from both the early February highs, and the highs from five days ago, 31.35-31.68. What I "think" is going to happen, is we WALLOW, as no one in their right mind would want to buy this shit, but I don't think seller's will be jumping in against the gun either, PLUS, with the jobless report tomorrow morning, we could get a narrow range wait and see type day, wad ever.

I solved the email problem, some IDIOT (now, I wonder who THAT could be), has had the wrong email address on this site since it started, hahahahahahahaha!!! I wondered why I had never received an email from here, I was missing an "a" on the end of it, cuccaa@gmail.com .

Link

The previous chart's didn't link, these, should LINK.

From Price Headley:

The Little-Known April Bullish Trend March 2009 certainly came in like a Bearish Lion, but exited as somewhat of a Bullish Lamb. We saw the market plummet reach its zenith on March 9th, followed by a very strong rebound rally in the major indices. Now that we have entered April, we did some research on this month's historical performance, and the results are surprising and should help calm some fears of another imminent big leg down.First, if you look at the data from this milennium (since 2000), April is the leading average % return for the S&P 500 Index at +1.46% average gain (see the below table). This is far stronger than any other month in that time frame -- and the second strongest month is May at +0.88%. So the Spring has been an outperforming season in general. The months that had the highest chance of being positive were August, followed by a May/October/November/December tie, so April has not been the highest in terms of a positive return (it is 55%). S&P 500 Index Monthly Performance (since 2000)(Continued Below)


That is a fairly small sample size, so we looked back all the way to 1950 on the S&P 500 Index data. Note on the chart below that April is the 3rd strongest month, with an average return of 1.37% and a 67.8% chance of being positive. November and December, which are commonly discussed as historically "strong" months for the market, are the biggest gainers on average. Data compiled from Yahoo Finance.1950 to 2008 Monthly S&P 500 Performance There are many market axioms concerning seasonality and months, such as "Sell in May and go away", "Up January equals Up Year", "Crashes occur in September/October/November", "Summers are slow and bad for technology stocks" etc. Some of these expressions are proven true while others may be violated in any given year. The data above indicates that "April Showers brings Bullish Flowers" may become a future cliche, albeit a tongue-in-cheek one. Of course nothing is guaranteed (for example none of the months are up more than 75% of the time since 1950), but it's always good to have some historical statistical data in your favor when analyzing the market and risk/reward ratios.

MSW SPOTDAY

A typical day in the life of a trader:

Last Tuesday, as President Obama got off the helicopter in front of the White House, he was carrying a baby piglet under each arm. The squared away Marine guard snaps to attention, Salutes and says: "Nice pigs, sir." The President replies "These are not pigs...these are authentic Arkansas Razorback Hogs. I got one for Secretary of State Hillary Clinton and I got one for Speaker of The House Nancy Pelosi."

The squared away Marine again snaps to attention, Salutes and says, "Excellent trade, sir".

Thanks BZ'er.

I'm working on some thing new for the site, I was going to start a new site and put the advertisements and crap on that one, but, SCREW IT, I'll just put it up here, for now at least. I'm going to start seeing if I can update the MSW (Magic SoftWare) every day, to see what pop's up, as far as stocks on the Russell 1000, that the software is issuing a BUY on, or a SHORT, but I assume most of you are typical "investor's", and only buy shit (me, all I do, is SELL shit, but, wad ever), plus, I'll put up the chart above, which is the ETF's I have on the "system", with four charts of some of them I consider interesting (why I'd ever be interested in the Q's, is beyond me). Now, if you WANT me to, I'll include some OTHER ETF's in the chart above, but only if you ask, IE, say some thing in the comments section, about would I please put up a chart of blah blah blah, to see what the "software" says.

Now, before you click on the chart above, BE AWARE, that the little green thing I have down at the bottom of the page, called "site meter", tracks everyone on the site, and since it cost's me a fricking fortune, A FRICKING FORTUNE I TELL YOU, to do this, I'm charging, 10 bucks a pop, to see an expanded view of the chart above. My "site meter", tell's me who you are, what your credit card number is, what you are watching on TV, RIGHT NOW, what the name of your oldest child is, etc etc etc. Hey, I gotta get these cost's back some how, RIGHT!!!???

OK, on to the SPOTDAY, Stock Play Of The Day (if someone can come up with a better name, I'd appreciate it):

OK, wad da ya think, is that a great chart, of a terrific stock, or what??????? Hahahahahahahaha, wouldn't you know it, it didn't come up with SHIT to buy today, although it did come up with a short, LEN, although I don't particularly care for it, it's a stinking 7 dollar stock, how much are you going to get out of that??? ANYWAY, what I found interesting, is that it came up with this: It came up with a bunch of "confirmed buys", that's signified by a hollow green up arrow, this is where it had a "buy" signal on it, and then today, some thing happened where 60% of the 59 trading systems triggered another buy setup on it, thus, it issue's a "confirmed buy", on the "existing" buy signal. Wad ever, the chart in the picture is ADSK, it's mildly interesting, as it appears it could go to the 19 area, wad ever. What I found interesting, is of the 17 confirmed "buys", 12 of them were financials and REIT's. Just a side note, there's 17 confirmed buys, but the confirmed SELL's, total 48, meaning, aaaaaaaahhhhh, well, you figure it out.

Here's some thing else it came up with, that I find mildly interesting, it's got 14 new buys on the weekly chart's, with only 1 new sell. I have MDP up there, because of the 14, it seems the most interesting. More interesting, is the confirmed buys, as it has 44 of those, and only 8 confirmed sells, meaning, the dumb ass software seem's to be bullish.

Anyway, as you probably already found out, the 10 bucks a whack thing is an April fool's joke (among other things on this site), but what I do plan on doing, is doing what I said I would never do, and go to Advertisements. HEY, I'm a stinking old retired guy, living on a fixed income, and just this, took me like 3 hours to do, after finally figuring out BZ's instructions on how to get a picture of the "software" on to the site. Anyway, I'd appreciate it, after I figure out how, and who, to get the Add's on the site, that you click through about a half a dozen of them each time you view the site, WOOOOOOO HOOOOOO, I could make 20-30 bucks a month, enough to pay for a night of booze.

Regardless, I'm open for any suggestions anyone may have (be NICE).

4/1/09

Just a little side note, I just saw Bob Olstein on Bloomberg, The Olstein Funds: About the Manager , I wondered what happened to him, he used to be on most of the show's as a yakking talking screaming fricking saleman head, evidently he got his assssssssssss kicked after the Lehmann bankruptcy, and had to leave the market for awhile. I don't know why that's such a big deal, I GET MY FRICKING ASS KICKED EVERY DAY, HAHAHAHAHAHAHA!!!
Honestly, I've always kind of liked the guy, he seem's half ass honest.

I AM SO FRICKING HAPPY, MY YOUNGEST SON MATT, GOT A JOB AS A FLEET MECHANIC FOR THE NORTH LAKE TAHOE PUBLIC UTILITY DISTRICT, HE HAS HIS HEAD IN THE TAX PAYER'S TROUGH, WOOOOOO HOOOOOOOO!!!!!



2:30pm: Hahahahahaha, I'm trying to short the shit out of this thing, but it keep's looking UP to me, both the 60min and the daily look UP, don't they???? The STOCH on the 60min is over bought, but the RSI at the bottom looks like it wants to make another run at the over bought level, but the thing that get's me, is the flat top on the last three bars of the 60min., we keep stalling right at the gap fill from 3/27, that's why my interest in shorting this thing (I DID, hahahahahaha, get ready for an explosion to the upside).
And speaking of GAP's, what in the hell is with the big gaps for six of the last eight fricking day's, I mean, we keep gapping all over the place, the sad part, is the way I play them, the only one I had a decent play on was from monday, when we took off south in the direction of the gap, IE, kind of a trap door thing. I can't do any thing with this thing, when it like, gap's up, and then goes UP, or like today, it gap's down, BIG (and it should have, damn it!!!), and then we go practically straight up, the roach's!
Anyway, if we get over this "flat top" here, we go right back up to test the previous highs from 3/26, around the 31.50 "area".


2:20PM: AAAAAAAAAAAAAAARRRRRRRRRRGHHHHHH!!! I have no idea what's wrong with the stupid G-mail thing, look, I'm working on a "new" thing, I don't have time to try and figure out what's wrong with the Gmail thingey, I'll keep posting here, until I get a transition ready, although it may be sporadic. I'm extremely sorry for the inconvience.


Hot Markets OverviewBy Barry Rosen

JUNE S&P e-MINIDAILY CHART TREND: Lower to at 620 into early May; first target 720. WEEKLY CHART TREND: Probably lower in April into early May and then higher into July 10.
PATTERNS and CYCLES: (4/1) The 830.25 region will hold this week and we are very skeptical it will get retested. We are clear on a 5-3-5 pattern toward 943 or 1000 forming here until July 10. We also feel that April is weak into early May and that could be the 3-wave decline and "b" wave. If the market cannot get through 830 this week, then there is still a 55% chance for a new low into May 10 low and probably that low will be at 620. The week of employment is heavy consolidation and at this point we doubt 814 will get taken out on the upside and 763 should hold on the downside going into the report. We have looked closely at cycles for Friday and they are mixed but more positive than negative. It may be that we get a sell-off on Sunday night that continues into Monday and Tuesday.
YEARLY OUTLOOK: (3/23) Overall for the year we are inclined to think that a temporary low has been put in and that a secondary low in early April will come. If we do go to 943-1000 into July, will the market congest the rest of the year between 666 and 1000 and that maybe even into August 2010. We know we have to be long from a secondary low into early April and we will see how high that gets us into July but 943 and 1000 are easy targets. So we may get a reprieve this year and we not see new lows until Dec. 2010. There should be a sense by the end of the year that the market is coming out of this mess.
MULTI-YEAR CYCLES: 2009-2017: Long-term research on the stock market shows the long term is not great but short-term it is much better. For 2009, those cycles have suggest a low a high into early April, a pullback into early May and then a rally into about July 10 (which for sure is a high now) and then a secondary low into the end of August and then a new high into late October an choppy sideways action into the end of the year. We still need to overlap some other cycles on top of this but for now we may need to think that we are running out of time for this market to make new lows to 620 and a close above 800 will negate that possibility and new lows and those would not come in until Dec. 2010 at this point. We need to do some calculations on where the July 2010 high might go to. For 2010: Cycle highs peak into July 2010 and then fall sharply into Dec. 2010. They recover into August 2011 and fall off into Dec. 2011. The year 2011 seems sideways to lower but could end up dropping much more significantly if we are correct about the dollar falling sharply. The biggest crash appears to happen Dec. 2012-July 2013, and that coincides with the 1993 banking crisis in the 120-year cycle. We see a recovery into August 2015 and then new lows to 2016 and April 2017 before the bear market is over. Folks who were trading from 1966-82 can remember that you can have 18-20 years of congestion at times. The mess we are in will go deeper than the 30's depression by the time we get to 2013-16. The good news is that a new economic system will come out of all of this.
JUNE DOLLAR INDEX (electronic) WEEKLY CHART: (3/31) With crude and stocks lower in April into early May, we are wondering if the dollar will come to life unexpectedly. There is one very bullish pattern that would project the 9600 region and the market is probably not going to take out 8500-8520 on dips now. There is still a minor chance for 8050 but for the moment we are dismissing it.
MONTHLY CHART OVERVIEW: The longer-term picture for the dollar suggests higher dollars into Feb. 2011 and from there we will start the big dollar crash into 2012 and 2013.
CHICAGO JUNE MINI-GOLD (electronic)DAILY CHART TREND: Lower into the week of April 13.
WEEKLY CHART TREND: Fourth-wave retracement to max. 796 into July.
MONTHLY CHART TREND: Higher to 2400-3000 into 2012-13.
NEAR TERM: (4/1) Gold and silver are due for cycle lows this week and they may have already come in, although silver could still make a new low to 1220. Gold is likely to hold support at 911 on the June contract. While we are bullish long term, and seasonally gold is often up in April into early May, the stock market is probably going to have to break S&P 700 to cause flight to quality on gold and push it up to 1036 into May. We will be looking to start accumulating very soon. Gold appears to be higher into Monday, which suggests it will get support from the employment report on Friday.
BIG PICTURE: (3/27) Retracements off of the 1007 high suggest at least 835 and 796. We may have enough time into the late March low to go lower or it could drag out over months. Linear cycle lows are due the week of April 13 but gold stocks and the gold bug index cycle secondary highs are due the week ending April 3. The chances of a rally to 1034 first seem small. MONTHLY CHART TREND: (2/24) We think the dollar will become worthless into 2012-3 and that gold will become king again. Prices project 2400-3000. This is not the time to do an entry on such a trade, as the weekly chart is topping for now, but it will continue to be a long-term investment.

XAU and GOLD STOCKS(3/27) Gold Bug index and gold stocks via the XAU are due for highs here and they may be in or we may see a secondary high. We are assuming that gold stocks will fall with the rest of the market into May 10. Rallies on the gold stock index eventually project 176 but that may be much, much later in the year.
MAY e-mini CRUDE (electronic)DAILY CHART TREND: Lower to 4156-4200 probably into April.
WEEKLY CHART TREND: Higher to 6300.
NEAR TERM: (4/1) We think a 3-wave rally needs to happen here and that another 690 point 5-wave decline will follow. We would like to see 4156 or 4200 but it would mean that no new highs come now. Cycle lows appear to dominate from the last week of April into the first week of May.
BIG PICTURE: (3/31) Crude confirmed a top by breaking 4900 and now it just a matter if we can get in a decent level. We think this is part of the pullback to 4150-4200 that we have been alluding to for weeks but it could unravel into something deeper. JULY BEANS (electronic)NEAR TERM: (4/1) Beans have only a 40% chance of hitting 966 with an extended target of 1013 having a smaller chance. We think beans will work toward filling the 917 gap area the rest of the week, and they may surprise people and make new lows next week if crude decides to fall to 4150-4200 into April 9. I will not talk about 842.50 on the downside until this market takes out 898 again.
BIG PICTURE: (3/31) We have resurrect the 5th-wave high of 1013 but we doubt it will happen that quickly unless crude takes off for 5200 this week. Cycles still seem weak to us April 1-9 after at least one more new high to 966. Hedgers should put some bean shorts on at the 964 and 1012 regions because we think this market will retreat once it finishes that pattern, and it could be done within a few days.
ECONOMIC, POLITICAL and GOVERNMENTAL CYCLES: AN UPDATE(3/31) There are two messy war cycles into Saturday, April 4 and with political tensions up between Japan and North Korea (you shoot down our missiles and it's war), we need to be on alert. The energy over the weekend for G-20 is anything but friendly and we expect there will be a lot of fighting and a lot of indecision. April cycles closely suggest that the stock market will not continue to rally then and seasonally tax day usually turns into a low. There may be rallies in places but the period from April 23-30 may be the start a large 3-wave retracement from the March 6-April 3 rally. Weather cycles this year are more on the rainy to floody side and that should increase problems in parts of the world that get hit.

3/31/09

I HAVE SHUT THE BLOG DOWN TO OPEN ACCESS, IF YOU WISH TO ACCESS ANY FUTURE POSTING'S, SEND ME AN EMAIL AT cuccaa@gmail.com . I WILL LEAVE THIS OPEN FOR A FEW DAYS, PROBABLY TILL THE END OF THE WEEK, TO GIVE YOU TIME TO SIGN UP, IF YOU WISH. I HAVE TO ADD YOUR EMAIL TO THE "APPROVED" READER LIST, YOU WILL HAVE TO SIGN INTO THE BLOG EACH TIME YOU SHOW UP, ONCE YOU SIGN IN THE FIRST TIME, YOU WON'T HAVE TO RETYPE YOUR EMAIL THE NEXT TIME (I HOPE), JUST PUSH THE ENTER BUTTON.
I FORGOT TO MENTION, BLOGGER ONLY ALLOW'S 100 "APPROVED" READER'S, SO GET YOUR EMAIL TO ME EARLY, THE LIST WILL PROBABLY FILL UP WITHIN THE FIRST FIVE MINUTES, HAHAHAHAHAHAHAHAHAHA!!!!

3/30/09

6:40PM: Speaking of gold (we were, weren't we???), that's a pretty horrible looking candle on DGP, GLD looks exactly the same. I don't have my TS open, so I don't know, if it had a bad "tick" (we have some REALLY bad tick's, here in Beaver) during the day, or not, it seems weird that both of them would get it at the same time, but HEY, when the NYSE shuts down for an hour, at a CONVENIENT time, for "people" in the know, any thing is possible. Anyway, it don't look to hot, if your long.

5:45pm: Two new signals generated on the MSW today, a new confirmed buy for the Q's on the daily chart, and a new sell short for SLV on the weekly time frame. A note about the confirmed buy on the Q's, it's working off a buy signal from 11/24, the monday after the low in the Q's, it was working off an ATR stop when it made the trade, at which time the ATR was through the roof on the Q's, and thus the first stop would have been the low from 11/21 at 25.04. It is supposed to trail out "profit" stops, but I guess it decided the profit was not enough. Anyway, what the "confirmed buy" means, is that 60% of the 59 system's liked what they saw on the Q's today, and would have issued a new "buy" signal, if it had not already been in a trade. The weekly signals, IMHO, are better than the daily, as far as picking up some change, and that is still in a sell from August of last year. As far as the SLV signal, I'm looking to be a buyer in commodities, but not SLV, I would prefer GLD, the system has no opinion on either the daily or weekly on GLD, as nor do I.

FOX business keep's running the part of Obama's speech this morning, where he said some thing to the effect "We cannot make GM and Chrysler the welfare receprients of unending tax payer money", and then of course, in his best FDR impersonation, where FDR said "I hate war, myyyyy Eleanor hate's waaaaaaarrrr, therefore, I declare waaaaaaarrrrrr", BTB said he was going to make GM and Chrysler the receprients of unending tax payer money, hahahahahaha!!!

2:10pm: The Q's, after coming back and testing that 29.66 level again, set up a pretty decent big "W" formation on the 15min chart. If they are serious about the "W", the logical target would be the gap fill from friday, at 30.79.

If they are going to continue to be nasty, and take us down, the logical target would be the gap fill under us from 3/20, at 29.18. Under that, and we have a little low pivot at 28.19.

Personaly, I'm not going to be looking at any longer term longs until we work off that extreme over bought condition on the daily STOCH, any longs will just be on an intraday basis.

The McClellan closed at an extreme over sold level of -259.97, which, under a lot of systems, is a buy, I suppose we could get a bounce from here, like the gap fill, but I'm going to use any bounce to sell more "stuff".

9:50am: Ooop's, the fun must be over, IB sent me a notice dated 11:48:12 EST that the NYSE is now open, hahahahahahahahahahahah, that sure help's those people who were long GM, who couldn't get out when it hit 3.19, but luckily, they can now, when it's 2.83.
Wad ever, I'm going to do what the tough do on a day like this, LEAVE!!! I'll be back for turn around tuesday, when we turn around from going down, TO REALLY going down, hahahahaha!!! Buy the shit out of it at the close, just my personal opinion. Actually, I should say, if we continue DOWN into the close, buy the shit out of it.

9:30am: OOP's, hahahahahaha! That's GM of course, it rallied on one of the most UN-stinking believeable speech's by an American President I have EVER heard!! He started off by going over all this shit about how we've carried them for decades, they can't get their act together, enough is enough, it's going to be a new direction, blah blah blah blah blah!!!! He then gives us the cure, MORE TAX PAYER MONEY, HAHAHAHAHAHAHA!!! The funniest part I found, was the change, in the middle of the speech, from TAX PAYER's having to be protected, to, the GOVERNMENT giving them more money, hahahahahahha, is that rich, or what!!!! Anyway, it rallied when he said we were giving them billion's more, to give them 30-60 MORE days to get their act together, then, it dumped, when he started talking about a "structured bankruptcy" at the end of that time. So, let me get this straight, We are going to, eeeeeeeeerrrrrrr, excuse me, THE GOVERNMENT, is going to pour billions more into them, so they can file BK!! To TOP that off, it also appears that WE, are going to finance the Fiat take over of Chrysler (WHY NOT, IT'S JUST STINKING FIAT MONEY ANYWAY), PLUS, WE, EEEEEEEEEERRRRRR, THE GOVERNMENT, is going to guarantee the GM warrantee's, hahahahahahahahaha!!! Oh God, be still my beating heart!!

I just received another notice from IB, that the NYSE is STILL closed, couldn't have any thing to do with GM and BTB, could it????

8:54am: "To NYSE Traders:
Mon Mar 30 10:53:11 2009 EST
NYSE is currently unavailable for trading due to technical problems at the exchange."

That's the notice I just got from IB, Interactive Brokers, sigh. I CAN'T TELL YOU, HOW OFTEN THEY SHUT THE EXCHANGE DOWN, IN THE MIDDLE OF A CRISIS!!!! The dirty bastards, I'm telling you, THEY DO THIS ON PURPOSE!!! It happen's to often, in the middle of days like this, TO BE AN ACCIDENT!! Like, oh gee, your stuck on the wrong side of a trade, and trying to get out, oh, I'm sorry, well here, let me shut the exchange down, to make sure you cant' get out, wooooooo hahahahahahaha (that's my scary laugh)!! Wad ever, be careful out there.
Q's at 29.81.

8:45AM: I forgot to mention, that pivot on the chart below is at 29.66, the white horizontal line, the Q's just hit a low of 29.68, and bounced a little. I'm not going to be buying it, but if I was super short, I'd definitely be looking to take some off. Oop's, as I'm writing, we just hit .67, oop's, .65, oops's, .64, hahahahaha, I'm cracking up, because I can tell I'm really interested, being in here writing, hahahahahaha!! They bounced right away, .68, it "could" be the classic take out the low by a couple of cents, to "clear" out stops, and then bounce, wad ever.
My TQNT is down 19 cents from friday, and the stupid spread on the option has widened, being bid at .45, and offered at .75. I'd take .70, but I think it's a waste of time, and money, as you get hit with a charge if you offer and the trade is not completed. I'll wait until November, when TQNT is trading at 50 bucks, hahahahahaha, rather than 2.42. What's the name of that old song, "Dream On", or some thing like that, hahahaha.
Q's at .75.

8:30AM: Sigh, I guess I'll live, long enough to screw up another day. In my blindness, I did what I guess I would do automactically anyway, sell some call's to offset the position, trying to get both of them expiring worthless. Anyway, I didn't screw around with it, trying to game it for a few cents here or there, I just dumped every thing about five minute's into the day. The 15min chart above, shows we got an EXTREME CCI reading after the open, -448, with the RSI sitting at .58, I vaguely remember seeing the TRIN open some where around the 4.40's, all of this is a buy the world set up, hahahahahahahaha, GO FOR IT!!!
I know CNBC was saying to, I had them on because I didn't want to sit here watching the stupid premarket, wringing my hands and waiting for the open. Listening to them, you would THINK, the market was UP, as all they talked about, was the size of the run up, off the March 9 BOTTOM, hahahahahahaha, I guess I forgot to buy that exact bottom. The Italian Stallion was REALLY hilarious, all he wanted to talk about, was the Q's still being up for the year (at the time, it was like 7 cents, they are CURRENTLY DOWN for the year, at 29.72), and how AMZN was actually UP on the day, hahahahahahaha!!!! I'm watching all 100 NasDogs right now, AMZN is DOWN, with three stocks UP, APOL, CEPH, and oop's, BIIB just went red.
Anyway, they are intertaining, if nothing else. With the 3.5% dump so far, the STOCH on the daily Q's has just now crossed to the down side, which is a sell, but it's sitting at 89.75, which is EXTREMELY over bought, and if "they" want to take us down, we have a loooooooooonggg way to fall.
I hope Sysin's making a freaking fortune, I vaguely remember him buying some puts like thursday or friday, GO GET'EM, WOOOOOO HOOOOOOO!!!!

7:15am: Unless you live in La La Land (like me), you may not be aware the markets are dumping this morning, on the emminent BK of GM, and the rest of the banking system. Futures are down over 2%, DOW about 200, the last I saw of the Q's, they were down in the 30.29 area. Naturally, I left my BK lawyer on hold for the last couple of weeks, just in case of some dumb ass move on my part, and of course, that came on friday, when I sold the Q 30 puts, that I "thought", were expiring today, hahahahahahahaha! Memo to self, never, ever, do ANY THING, when you are under the wheather, I do enough stupid shit when I feel fine.
Anyway, it always makes for an interesting day, when your survival is at stake, hahahahaha, good luck out there today.

I consider this tax cheating, sick bird (IE, ill eagle) hiring clown, to easily be the most dangerous person in the country, Geithner defends government steps; Obama promises tax relief , "The market will not solve this," Geithner said, "We need banks to take chances, we need them to take risks again," these kind of idiotic statements, on a continuing basis, tell's me he's intent on running the favorite Bushie administration "politics of fear" bull shit, so he can continue his illegal actions, unaccounted for, http://zerohedge.blogspot.com/2009/03/exclusive-aig-was-responsible-for-banks.html , this kind of new's, in any other country, would probably be grounds for immediate execution, much less removal from office. Disturbing stuff.