DISQUS

Slope of Hope with Tim Knight: Friday Fest

  • Tim Knight · 5 months ago
    I will be doing a post later this morning once I finish picking up all these used cups and beer bottles. What a mess.
  • Boldly They Rode · 5 months ago
    Next time put the beer pong table on the porch instead of the living room. Makes clean up easier. imho
  • Bear · 5 months ago
    lol
  • Giledain · 5 months ago
    Ok, I'm here! Crank up the tunes, tilt the Ballys, sink the eight balls and give this Spartan a DRINK!!

    Where the hell is everyone? Bo, a drink please? Ich habe a big thirst.

    Man, living in different time zones can be a byatch. Reminds me of that Walter de la Mare poem "The Listeners":

    'Is there anybody there?' said the Traveller,
    Knocking on the moonlit door;
    And his horse in the silence champed the grasses
    Of the forest's ferny floor.

    ....

    But no one descended to the Traveller;
    No head from the leaf-fringed sill
    Leaned over and looked into his grey eyes,
    Where he stood perplexed and still.

    But only a host of phantom listeners
    That dwelt in the lone house then
    Stood listening in the quiet of the moonlight
    To that voice from the world of men:

    ...

    And he felt in his heart their strangeness,
    Their stillness answering his cry,
    While his horse moved, cropping the dark turf,
    'Neath the starred and leafy sky;

    For he suddenly smote on the door, even
    Louder, and lifted his head:—
    'Tell them I came, and no one answered,
    That I kept my word,' he said.

    Never the least stir made the listeners,
    Though every word he spake
    Fell echoing through the shadowiness of the still house
    From the one man left awake:

    Ay, they heard his foot upon the stirrup,
    And the sound of iron on stone,
    And how the silence surged softly backward,
    When the plunging hoofs were gone.
  • HokieJCH · 5 months ago
    I can't believe the action in this "Bear Bar" on Friday nights lately. Its "Slopetastic", you guys crack me up. LMAO.
  • Brinkley · 5 months ago
    Join us next week, Hokie. It's an open bar with good company and a legendary bartender. What more could you want?
  • HokieJCH · 5 months ago
    I'll do my best to attend! Brinkley I really appreciate your quality posts. Thanks much!
  • bkudla · 5 months ago
    Hey, made it in and just poured myself a 32 oz Mai Tai. Market was good to me today. Will check the details shortly.
  • Brinkley · 5 months ago
    Hi bk-- I'm slightly envious. I need a vacation! Glad you had a profitable day. My day was essentially flat, although my week was very good. Solars are taking a beating. Thinking they may run up later this month ahead of earnings, but will have to see what the market's doing at that point. Enjoy your time away and see if you can do a better job of vacationing while on vacation than Tim manages to do. Perhaps you can post a picture of your surroundings to share with the Slope. Enjoy!
  • bkudla · 5 months ago
    Willdo, and that is correct, a tall boy Mai Tai. I'll see about downloading from the IPhone.
  • Brinkley · 5 months ago
    Did you say 32 ounces?! Nice.
  • steveo77 · 5 months ago
    Hey your in my time zone now (but on a better island) enjoy!
  • Tim Knight · 5 months ago
    I just decided to take a peek in; Jeez Louise, this place has gone nuts.

    And, Bo, put your pants back on! My God.
  • Brinkley · 5 months ago
    I have a picture for you, TK. Posted it awhile ago, but I think you missed it.

    http://screencast.com/t/khv0dd8IYI
  • Rosabarba · 5 months ago
    Beer before liquor ...
  • YogiBehr · 5 months ago
    never mix beer with brandy...burrrrrp
  • nummy · 5 months ago
    did you photoshop that yourself? LOL

    oh and did you ever go the mac route for your computer issues?
  • Brinkley · 5 months ago
    No, I needed something that weekend and stumbled on a very nice Dell XPS on Craigslist that I couldn't turn down. It allowed me to get up and running quickly, was a great deal, and gives me time to plan an eventual switchover more strategically.
  • Brand · 5 months ago
    most excellent pic pick.

    BTW Brinkley, I'm in the market for a new monitor or two. I recall you said something about replacing yours. What did you get and how do you like it/them?
  • Brinkley · 5 months ago
    I've got a bunch of 20" Dell flat panels. They're good, no complaints. I just recently had to replace a computer and the one I found happened to come with another Dell flat panel like the ones I already had.
  • Chuckles · 5 months ago
    brinkley,
    Do you have 2 PC's with three monitors connected to each or 3 PC's with two connected to each. My reason for asking is I am wondering what kind of power (memory, processor, etc) is needed to run three monitors with streaming charts. I realize it probably requires a second video card but wondered if anything else "special" was needed.
  • Brinkley · 5 months ago
    2 PCs, but 3 would be better. I have four monitors running off my first system, and two off the second. And as soon as I add another video card to the second system, I'll have three, maybe four on that one also. I'm no hardware whiz, but I believe my main system that runs the 4 has 4 GB memory, and a 3.2 GHz processor. Big hard drive. I know traders who run two monitors with no problems with 2 or 3 GB RAM and a somewhat slower processor. And yes, you'll likely need a second video card for a third monitor.
  • Chuckles · 5 months ago
    Thanks, I want to do something in the next month or so and am looking at different options. I'm trying to keep it relatively inexpensive at this time so will probably get a second PC and a couple more monitors.
  • Brand · 5 months ago
    Thanks. I always enjoy reading your posts. Have a great weekend
  • BovineStew · 5 months ago
    We love you TK! don't mind Brinks with the pic. She get's a bit proud sometimes and then it becomes all about her, posting pics if you get my drift.

    Anywhoo, if you ever get around to having a sloper bash, I am game to MC unless I am not available that weekend. Now go have some chow fun, and tell us about it on Monday.
  • DYNAMO · 5 months ago
    sloper bash..great idea .....in Vegas maybe?
  • YogiBehr · 5 months ago
    RUTROH THE COPS!!! SCRAM!!
  • Tazman · 5 months ago
    Best not to be in here right now Boss......
  • opalchip · 5 months ago
    Well. despite the market closing lower, my SPY puts are down - and will get creamed on Monday AM if the we open even a little up. Don't you just love options? That being said, I'm holding them because the SPY chart continues to gradually deteriorate - despite the longs' attempting to support their position in the last half hour of every day. We are still below the local support, not to mention the obvious H&S neckline, and have repeatedly penetrated the weaker support areas from Feb and Apr. So IMO the odds still favor some orderly downside next week.
    A weak day on Monday, and I think we'll finally get a little acceleration.
  • mSquare · 5 months ago
    I see similar on my EWZ, EEM Puts and Puts on some other individual names since Tue/Wed. Time decay is eating away at them fast and as I am out on holiday and plan to have little access next week, I started liquidating them today and will liquidate or roll them to Aug/Sep on Monday.
  • urszula · 5 months ago
    The SPX has closed down four weeks in a row, which means that the odds of a close up next week are very high.
    And isn't there something about a H&S pattern needing high volume to be confirmed?
    Just something to consider, opalchip.
  • Rene · 5 months ago
    Hi Ursz, did you have a good week.
  • katzo7 · 5 months ago
    Rene,
    Just where have you been all my life (he said reading that from the back of a romance novel).
  • Rene · 5 months ago
    On your right, all along :)
  • katzo7 · 5 months ago
    Ohhh, I like what you say rene. I suspect your name is not really rene but then again, mine is not really katzo.
    let me buy you a drink! G&T?
    Bo! Where the hell is he when you need him?
  • Rene · 5 months ago
    Sure, Its Friday!
  • katzo7 · 5 months ago
    Have a great weekend Rene.
  • BovineStew · 5 months ago
    Rene is a guy dopee! sheeesh. just tend the bar, you have customers.
  • katzo7 · 5 months ago
    Well, cannot blame a guy for trying. I thought I was dong pretty well there
    and was just about to ask for her (his) phone number. And on the internet,
    how do I know you are telling me the truth and not keeping her (him?) in
    abeyance for yourself. I would not put that past you or the Blind one.

    Ok, I am doing a chart of you!
  • BovineStew · 5 months ago
    look at his avatar, then look at me, then look at yourself. then you have to ask, why am I looking at the avatar and looking at bovine, when the answer is staring at my face??? Now let me know how next week goes, because I seriously can not be here and you have responsiblities.
  • katzo7 · 5 months ago
    I still think he is a girl. You have been know to apply smoke and mirrors to
    obfuscate. And about next week, don't worry, I have it all charted out. You
    can count on me.
  • Rene · 5 months ago
    No No, Very much a Gal
  • Rene · 5 months ago
    You too Katzo, and you too Bo!
    Every day I learn so much from you guys. Thank you all.
    Lets have a wonderful weekend everybody, Monday will be another week :)
  • urszula · 5 months ago
    I did, thank you. My ratio of wins to losses has increased quite a bit lately. (And I can usually hold my losses to 1-3 ticks, with 6 ticks once this week being the exception.)
    Do you like the AT platform?
  • Rene · 5 months ago
    Great!
    Keeping the losses small is I think the biggest challenge we all face. Someday I will write about my losses (white trading options), I am notdoing it now, because I am afraid, Tim will throw me out of here for being SOOOOOO stupid!
    I LOVE the AT platform. Watching the price move on the Dome is like watching some video game! Very exciting and scarry at the same time.
  • urszula · 5 months ago
    We must preserve our capital otherwise we're out of the game - unless we are foolish enuff to add money to an acct when we haven't learnt to cut our losses. (Money down the drain.)
    Watching the ES prices move is like a jazz score to me. I think Infinity got the design right too. And the AT is fast!
    Lovely to see you, Rene. Have a sweet weekend ;-)
  • Rene · 5 months ago
    You have a lovely weekend too!
    I will be studying the whole weekend. I would like to start some practice trades from Monday.
    Thanks for the help and support.
  • urszula · 5 months ago
    My pleasure
  • BovineStew · 5 months ago
    that's why I don't date anyone under 5'5".
  • opalchip · 5 months ago
    I think Monday's action will be important. If we're down, I'll hold another couple of days hopefully, but if we're up then I'll look to close out and take the loss on any weakness. I consider it a weak H&S mostly because I like to see a double Left shoulder if there was a double Right shoulder. But volume-wise, I like the weak volume of the Left shoulder - very little oomph to the upside. The breakdown area volume, of course, was skewed by the holiday period - so who knows...
  • urszula · 5 months ago
    My husband tells me that I was mistaken about volume (re H&S patterns), and that the volume typically changes as the pattern is being formed.
    I found this @
    http://www.chartpatterns.com/headandshoulders.htm

    The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. (Volume has a greater importance in the head and shoulders pattern in comparison to other patterns. Volume generally follows the price higher on the left shoulder. However, the head is formed on diminished volume indicating the buyers aren't as aggressive as they once were. And on the last rallying attempt-the right shoulder-volume is even lighter than on the head, signaling that the buyers may have exhausted themselves.) New selling comes in and previous buyers get out. The pattern is complete when the market breaks the neckline. (Volume should increase on the breakout.)
  • Gary_L · 5 months ago
    We may yet see the double right shoulder.
  • opalchip · 5 months ago
    That's true. Oops - I see i mixed up left and right in my earlier post. I'm in China right now and it's 4:30 am!
  • Chuckles · 5 months ago
    It's not the hour, it's because you're upside down on the other side of the world.
  • opalchip · 5 months ago
    That probably explains why I bought Puts instead of Calls, too.
  • TraderTamas · 5 months ago
    I think next week will be a lot like this week.
  • Tazman · 5 months ago
    TT...wish you posted more......your calls have been good....hope all is well.
  • GemmaStar · 5 months ago
    I agree with Tasman. TT, come around more often. Please?
  • YogiBehr · 5 months ago
    if that's the case that would be SWEET
  • YogiBehr · 5 months ago
    LOL I left the office about 20 minutes ago right after shorting 5000 shares of AXL it was at 2.12 when I left and when I got back it's at 1.79 LOL
  • nummy · 5 months ago
    !!! nice man

    i had an average price of 1.95 going into this morning and when it took off i sold at 2.20 i saw it get up in the 2.30s and was thinking about shorting but i got distracted. then in the last few minutes before the close, huge sell off. hope you covered your shorts. picked some up again around 1.80 and 1.75 at the close.

    any idea on why this selloff happened?
  • YogiBehr · 5 months ago
    honestly no...and i just dumped mine AH at 1.71...cleared almost 2K on that ...me happy...

    The only thing I saw news wise (cuz the chart is pretty sloppy on it right now) was that their steel supplier was refusing to supply AXL with steel because they were being a slow pay company...a judge ruled that the steel supplier MUST supply them with steel and that's all I found...one condition of the judges ruling was that AXL has to pay on time for the newly delivered steel...I have no clue why it dropped like that but will be watching that monday...it is in the "might go bankrupt" category on several networks.

    Good job on your side too bro!!
  • YogiBehr · 5 months ago
    you re-upped at EOD to go long again? just curious...my rookie chart shows a channel from 1.50 to 3.50 and we are near the bottom of that again...
  • nummy · 5 months ago
    i think next week will be a major up week. earnings coming up, GS reports on tuesday before open. and GS will probably flex their muscles in order to shake off recent embarassment. just a hunch though, only picked up a small position, 1000 shares.
  • YogiBehr · 5 months ago
    you are probably right...this stock doesn't follow much of anything that I can find...except for itself that is...it's lowest low is/was 1.57 or so...it has calmed down AH so we'll see what it does monday...it's a good scalping stock for sure...best of luck at open on monday...this one scares me sometimes...lol

    I ALMOST shorted AIG this morning...then ALMOST went long at 1.25 up...then I peed on myself...lol
  • urszula · 5 months ago
    Super-duper!
  • Ali · 5 months ago
    Looking for ERX to bounce next week.

    http://screencast.com/t/9TiULdBB0

    Oh, and make mine a whisky sour
  • BovineStew · 5 months ago
    A sour whiskey coming up for putting work in the middle of happy hour. for fucs sake!
  • Ali · 5 months ago
    Next week you'll thank me for sticking this chart in your face while you were trying to pour drinks
  • BovineStew · 5 months ago
    LOL! I thought it was a chart of drink recipes but its a piece of paper with squiggly lines on it. Keep it to yourself goattee man.
  • YogiBehr · 5 months ago
    In the short time that I have been here I have learned a great deal. I have a feeling the learning will never end as it seems that the market and the techniques used to trade it effectively are ever changing. I appreciate everyone here and I am grateful for the wealth of knowledge that flows so freely through these cyber corridors.
  • toad37 · 5 months ago
    I pooped a live squirrel this morning. Now I have this shit covered squirrel running around and I don't even know what to name it.
  • viscous · 5 months ago
    You had a Bovine movement (BM). Nice!
  • Giledain · 5 months ago
    Ned?
  • toad37 · 5 months ago
    Ouch... Nope, Champ from Anchorman.
  • viscous · 5 months ago
    Since the squirrel must stink, I recommend we name him/her viscous the second.
  • toad37 · 5 months ago
    That could be a good call, but Ned works too. :-)
  • Giledain · 5 months ago
    No, no, name the squirrel Ned. It... fits?
  • toad37 · 5 months ago
    Lol, he kind of looks like a Ned.
  • pikertrader · 5 months ago
    http://tinyurl.com/mypmud divergences on $NYMO and $TICK with $SPX they look bullish possibly a bounce next week
  • MovinFwd · 5 months ago
    OK last call and one more quarter in the jukebox for the road :
    http://www.youtube.com/watch?v=vz8CbcOSqpY&feat...
    Have a good weekend TK and all.
  • vodka_tonic · 5 months ago
    shower time....if i drink any more at home...ill only be meeting sea mammals :)
  • Chuckles · 5 months ago
    Where'd everybody go? He says while standing in the dark bar. Then he removes his sunglasses and realizes there really are cops in the room.
  • GemmaStar · 5 months ago
    Speaking of cops in the room....

    A few years ago I was in a New York City restaurant with my sister, who suddenly asked me: "Who's eating here?"

    "Huh?" I didn't get it.

    She pointed out that there were secret service people all over the place. I don't know how she could tell, but she could. She went over to one of the people whom she identified as secret service to ask whom they were protecting.

    Possibly he shouldn't have told her, but he did: it was the vice president of the U.S.

    The V.P's back was turned to us, but once his identity had been pointed out to me, I recognized him.

    That was the first time I ever went anywhere where there really WERE cops in the room -- that I knew of.
  • Insect Overlord · 5 months ago
    I rarely drink. But I've decided that I'm going to go out in my back yard and have a beer and smoke some cigarettes. I would have just said "smoke" but you lot would probably assume something different.
  • nummy · 5 months ago
    i also rarely drink but when i get on here i just go along with the sleuth (collective term for group of bears). i do smoke however, and not cigarettes.
  • Hard_Rain · 5 months ago
  • nummy · 5 months ago
    no ... with a vaporizing device
  • Chuckles · 5 months ago
    I think Happy Hour must have ended and nobody wanted to pay full price for drinks. The place emptied.
  • vodka_tonic · 5 months ago
    she's a lady....that i like a lot :)
  • Majestic_Lion · 5 months ago
    Vodka_tonic, your icon look's like a butt crack.... :-) Maybe I better call it a weekend. :-)
  • GemmaStar · 5 months ago
    And your icon looks like...a majestic lion.

    And I really love cats. And dogs? Ah, they're the greatest....
  • Majestic_Lion · 5 months ago
    :-) I may be a big cat, but that puppy of yours is adorable!
  • Junkie4Life · 5 months ago
    new reserve world currency introduced;

    http://www.bloomberg.com/apps/news?pid=20601087...
  • nummy · 5 months ago
    thought they were gonna use this one:

    http://www.screencast.com/t/UcJgSDFfd
  • dumbpainter · 5 months ago
    ROFL...Ahnold gone soft. Even got Nancy involved...
  • toad37 · 5 months ago
    Hmmm.... World War III anyone?
  • Brinkley · 5 months ago
    Bite your tongue! While I realize that doing so might impair your fly-catching skills, that's the price you pay for getting all apocalyptic on a Friday night at the Slope.
  • toad37 · 5 months ago
    Sorry. I guess I need another drink. :-)

    B, I think I might quit my job and focus on trading for a year or two. Any advice? I'm 40 and feel like I need to follow my heart. I know only I can answer for myself, but do you think it's worth the risk?

    Sorry for heavy question on a Friday night. :-(
  • Greg · 5 months ago
    Todd,
    My suggestion, is work on your trading approach, and develop your own personal trading program. If you have some time to trade while still employed, it gives you a chance to fine tune your approach. If you can make consistent profits, then you'll know before quiting your job how you'll do.

    It is a bit difficult to make consistent profits as a part time trader. It seems the first hour or so in the morning is designed to mess up retail traders. It took me a long time to get it to work, and not every day presents good trades in the first hour or so of the day. What's funny, is, that when you go from making profits trading only the first 90 min of the day, to having the whole day, is like driving a corvette in valet mode versus full throttle. I find it incredibly easier to make money in the market if I have the whole day to trade vs. only the first 90 minutes.

    Although, I think I netted only $45 today, which was a real laugher.

    The thing for me that made the difference, was understanding that price movement in the market is so highly manipulated, that success lies in knowing not what price should do under a given scenario, but being able to read what the manipulators will likely do in that scenario as they try to blow stops and fake people into entering a trade in the wrong direction of a price movement.

    What really makes it a challenge, is you have to get how most will play a particular setup, and then anticipate how the fakes will be done to defeat a large number of the people playing that move.

    I find it a head game mostly. Some days I see the game plan clearly, and it's easy to make money, and somedays I have no idea, and stand aside. The approach I shared with you last friday, is designed to catch the bulk of the move without being impacted by the fakeouts.

    Anyway, best of luck on what ever you decide.
  • toad37 · 5 months ago
    Thanks Greg, that is great advice. I'll give it another couple months before making that decision. Heck, I'm following the market so closely at work maybe they will let me go and I could collect unemployment for 6 months. :-)

    My focus is on developing a plan. I'm not really sure where to start, but with the great advice I'm getting from people like you, I'm sure I can develop at least a decent initial program pretty soon.

    I totally agree with what you said regarding the minipulation. It pays to follow that and be able to at least get a feel on when to step aside.

    Hope you get some fun in this weekend.
  • Doji Girl · 5 months ago
    I'd like to know what approach you use that catches the move without the fakeouts. Too many times I've placed my stops based on TA only to find I get stopped out and then it goes and does what I expected all along. Is this strategy of which you speak for stocks in general or for ES and futures intraday trades?
  • Greg · 5 months ago
    The method I use works best on equities. Basically my approach is as
    follows:
    1) Start with all years & draw major TL's and cross trends.
    2) Then zoom in to about a 2yr time frame, & identify fibs, H&S's
    triangles flags or other key elements.
    3) with an overal view of the TA situation, I focus on candlestick
    reversal patterns.
    Now for the part you are interested in.
    4) Volume is the clue. When the boyz have finshed taking people for a
    ride either up or down they distribute their position to dumb money.
    If you study the chart history of the stock you are trading, you'll
    get a feel for their game.

    What I do, is use contingent market orders effective the last 2
    seconds of the day if the price is past my line in the sand, then I
    sell at market. This way the "noise" intraday doesn't trip my stops.

    You can use the OCO or one cancels other type of order and place
    either hard stops or contingent orders way way out of the way in case
    of a runaway move for protection.

    Now deciding where to place the end of day stop depends on the
    individual equity, & the candlestick reversal pattern you are trading.

    If it's a bearish engulfing, I might set the stop for if the price is
    above the opening price of the bearish engulfing candlestick for that
    next day. Then the next day use the mid point + $.05 of down day #2.
    Once below the 8 EMA, the stop probably works best if set just above
    the 8 EMA.

    If you study charts for a while, you get a feel for how to adapt the
    basic idea.

    Also for closes, set a target i.e. 50 SMA, fib line, or when you see a
    bullish reversal pattern develop.

    It's hard work, but a few percent return per week is generally
    doable. If I work hard at it I can do about 10% a month, but often
    don't work that hard at it.
  • Doji Girl · 5 months ago
    Lots of good info there. Thanks!
    I always use volume for my clue but I'm not exactly sure what you're saying.
    Are you talking about an intraday basis in your point #4?
    Also curious as to why the 8 EMA.
  • Greg · 5 months ago
    I look at daily volume to see when stock is moving for smart money to
    dumb.

    As to 8 EMA, you just have to see what works, & in my experience it
    does. When day trading ES, I use DMA 21, H+L+C/3 & exit when the 1
    min closes past that line.
  • Brinkley · 5 months ago
    I use the 9-day EMA and find it a very accurate for short-term targets. Not much difference between the two.
  • Greg · 5 months ago
    I'm finding most people don't even have a trading plan.
  • Greg · 5 months ago
    I look at daily volume to see when stock is moving for smart money to
    dumb.

    As to 8 EMA, you just have to see what works, & in my experience it
    does. When day trading ES, I use DMA 21, H+L+C/3 & exit when the 1
    min closes past that line.
  • SteveInChicago (spsnomad) · 5 months ago
    Thanks for posting this -- You packed a lot of good technique into a single post.
  • Greg · 5 months ago
    One other thing, which is the hardest to explain, is what I call
    reading the tape. My son asks me at least once a week to explain to
    him how to do it. What's weird, is while I can explain what I see on
    say the SPY, I'm not sure exactly what it is that will often clue me
    in to how the market will move several days in advance. I do know
    volume is probably the single most important thing about a chart you
    need to watch. It is also the single most truthful thing about a
    chart. Think of it as a lie detector. If volume doesn't confirm the
    pattern price is printing, then odds increase you're being duped by da
    boyz.
  • Greg · 5 months ago
    Thanks
  • Insect Overlord · 4 months ago
    Gary,
    email me at my gmail account...jgn2112
    disqus problems...sorry if this is a repeat
  • Greg · 4 months ago
    Not sure of the email address.
  • Brinkley · 5 months ago
    That is indeed a heavy question, and not something I can advise you on responsibly without more information. Some of the pertinent background info would include how long you've been trading, how well-capitalized you are, track record, personal trading weaknesses/pitfalls, whether you need consistent income during your 1-2 year trial period and even if you could absorb losses during that same timeframe, etc. If you quit your job and full-time trading isn't working for you, can you easily step into a new job in a bad and possibly worsening economy?

    As you may be aware, the unfortunate truth is that far more traders fail than succeed over time. The crash and burn rate among our lot is alarmingly high. During the years that I ran my service and trading room, which both catered to professional traders and had an emphasis on education, the members who I felt could really "make it" trading full-time comprised a sizable minority. I don't mean to be discouraging, but it's a big decision. Discipline and commitment are obviously major factors. If you leave a post here with more background information, I'll do my best to give you whatever input/guidance I can, but ultimately you're going to have to sort it out and make the best decision you can for your individual attributes and situation. Following your heart is important, as long as you let your head weigh in on the debate as well. As you say, you know yourself better than anyone; just be honest with yourself as you evaluate the pros and cons. You're also welcome to email me at dianekjs@mac.com.
  • urszula · 5 months ago
    There's no doubt about you, D. The excellent advice you've given toad (and anyone else who's thinking along the same lines) can only add to your reputation, which already shines brightly.

    About your email address: someone here advised me that, to avoid spambots, write
    dianekjs at mac dot com.
  • SteveInChicago (spsnomad) · 5 months ago
    If you REALLY want to be safe about it, you can sign up for a free account at trashmail.com. It creates an email address that forwards to your real address for a set amount of time. You can then exchange real email addresses and expire the trashmail address, plus you can create new trashmail addresses as needed. It's great for signing up for services that might spam you but require you to verify yourself through email.
  • urszula · 5 months ago
    Thanks, Steve. I use a safemail address for some things. Had not heard of this one.
  • Brinkley · 5 months ago
    Thank you, Urszula-- that means a lot to me coming from you, as I have a lot of respect for your opinions and perspective.

    I appreciate the tip about posting email addresses, I didn't know that.
  • urszula · 5 months ago
    Mutual admiration society ;-)
  • tradermom · 5 months ago
    I'd like to second Urszula's compliment! I'm a part-time trader who has found much value in this blog, and very much appreciate the time you take to post your thoughts and insights -- I'm learning much from you, and want to say thanks!

    On another note -- how was your son's experience in Uganda? What an amazing opportunity!
  • Brinkley · 5 months ago
    You are most welcome, TM, and it's nice of you to inquire about my son's incredible adventure this summer. He's still in Uganda, and I'm counting the days (11) until I get him back home! His experiences will no doubt be life-altering, hopefully in a positive way. He has spent most of his time working in a refugee camp outside of Kampala, but has also had the opportunity to go on safari, go whitewater rafting on the Nile, and attend a lavish wedding on Lake Victoria with 700 guests and the president of Uganda in attendance. The extremes from abject poverty to decadent wealth have been a shock and eye-opening. At the end of each day, he returns to a small cottage on the edge of Kampala with a yard that is populated by dozens of monkeys and goats. He has grown very close to some of the Acholi (the refugee tribe), but is ready for home. He's trying to bring me two children and their young mother that he has become especially attached to, but it is unlikely to happen.

    All this, and he hasn't even started his sophomore year! Again, thanks for asking.
  • toad37 · 5 months ago
    Thank you. I'll send you an email this weekend. I really appreciate your input. Thanks a million. Todd
  • Brinkley · 5 months ago
    You're welcome. I'll keep an eye out for your email. And on that note, time for me to turn in. It's been a long week!
  • toad37 · 5 months ago
    Sweet Dreams. :-)
  • GemmaStar · 5 months ago
    Brinkley, you ask ALL the right questions. Lots of wisdom here, just in the questions.
  • vodka_tonic · 5 months ago
    help...i'm out of tonic....Bo u got something back !!1!
  • BovineStew · 5 months ago
    straight shots for you friend, then you'll do what you did 3 weeks ago. go hunting for affection and come back home with a mammal of the sea. But no worries, Toad and Tas has been there already. Welcome to their club.
  • vodka_tonic · 5 months ago
    OMG....how did you know ?? she was a petite seal...OINK ;-)
  • BovineStew · 5 months ago
    I thought we had this "sealed", but if you must talk about it.... did you find the blow hole?, someone told me you had difficulties.
  • toad37 · 5 months ago
    LOL... you crazy sumbich Bo!! Have a great weekend!
  • toad37 · 5 months ago
    Can someone crank some Halen please?
  • BovineStew · 5 months ago
  • toad37 · 5 months ago
    Awesome video!!! If we gap down Monday, I'm joining you with some tasty short my friend.
  • MovinFwd · 5 months ago
  • Tazman · 5 months ago
  • toad37 · 5 months ago
    Thanks Thanks and Thanks!!!!!!!!!!!!!!
  • Tazman · 5 months ago
    Paging.... Mr Bovine......Mr Bovine...to the front desk.....
  • BovineStew · 5 months ago
    sorry Tas, didn't mean to hand you the magnums. Here are the form fitted ones that you asked for. Anything else sir?
  • YogiBehr · 5 months ago
    lol you are on a roll....lol
  • BovineStew · 5 months ago
    I have a confession to make and I really had a hard time to put myself up to confessing what I am about to confess right now.

    Why is it that I have to give up two hours of every Friday of my life to entertain folks here at the slope when all I get in return are empty promises and complaints about dates gone bad? I don't profess to be some evil speculator, but really! Is this all that you are good for? I will no longer host happy hour here at the slope. I have toiled and put in my dues to hand over my responsibilities to Katzo7. He will be attending to your needs here on out. I will be doing what I do best, taking care of things that mean the most to that part of our civilization that needs the most caring. Have a nice weekend everyone and please don't let me catch you complaining next week. Good night and good morrow everyone!
  • Brinkley · 5 months ago
    You know you love it, Stew. You're just sulking because you ran out of pick-up lines. Hang around a little longer, cheer up, I'll serve you a drink this once. What are you having?
  • viscous · 5 months ago
    He will have a dude in short shorts.
  • Brinkley · 5 months ago
    You are late!
  • viscous · 5 months ago
    Yeah, I’ve been working on my lawn mower.
  • BovineStew · 5 months ago
    a glass of milk please. :) I need to rest up for southern florida.
  • Doji Girl · 5 months ago
    When are you coming to So. FLo?
  • vodka_tonic · 5 months ago
    Bo...run out of pickup lines....i'm definitely shorting this rumor :)
  • nummy · 5 months ago
    i knew this day would come.
  • BovineStew · 5 months ago
    Everyone loves you nummy. Please take care of your lady this weekend. She needs a moonlit dinner and dessert by the sea. Then you can tell her how you feel. Talk to you next week.
  • Brinkley · 5 months ago
    You forgot to throw your favorite "briny" in there. Try again.
  • vodka_tonic · 5 months ago
    noooooooooooo....whos this katzo guy.....at least pour me one last shot for the road !
  • Tazman · 5 months ago
    Katzo?.....don't get me wrong Bo.......smart....not bad looking.....some humor.....but......

    You are HOT son.......call me Monday.....

    You have nice ears.....
  • YogiBehr · 5 months ago
    butthead ass kisser

    :o)
  • nummy · 5 months ago
    one last mojito? extra mint and sugar?

    we'll miss u bo :( this bong rip is for you.
  • viscous · 5 months ago
    No offense katzo, but I think Giledain would be more qualified in the humor department.
  • urszula · 5 months ago
    No, Katzo will be good. His humour can be as dry as the Nullarbor Plain.
  • viscous · 5 months ago
    Blog hoar.
  • urszula · 5 months ago
    Boo to you!
  • viscous · 5 months ago
    I’m sorry. It just came out. I think I have turrets.
  • Chuckles · 5 months ago
    ... and maybe tourettes too.
  • urszula · 5 months ago
    Ha!
  • viscous · 5 months ago
    You see! I do have problems!
  • Rosabarba · 5 months ago
    Jeez, if you wanted a tip, just say so. Here's another Washington.

    Want another tip? Short September mohair futures (it's going to be a warm winter), but you didn't hear it from me.

    Now make with the sauce, tout de suite, my good man.
  • urszula · 5 months ago
    Thank you for being such an accomplished host/bartender/confidant.
    Mission completed.
    Here's to you!
  • BovineStew · 5 months ago
    One last shot for my dear friends... the funniest ginger bread man I ever knew, and the brightest vodka tonic that he ever knew. Good bye and good night, unless of course I can be persuaded to have a bit more foreplay before I land in Miami in 1hr and 45 minutes.
  • urszula · 5 months ago
    Do you have a *ladyfriend*in Miami? You seem to go there most weekends ;-)
  • BovineStew · 5 months ago
    Most people have lady friends, but most people in Miami talk about being lady friends. Who knew?
  • nummy · 5 months ago
    you'll be in my backyard :)
  • BovineStew · 5 months ago
    meet me at Studio at the Shelbourne tonight at 12:30am. I go there every few weekends to re-connect with that part of me when I was young and dangerous.
  • nummy · 5 months ago
    i have a possible wifey to attend to :(



    ... if she's lucky.
  • Brinkley · 5 months ago
    You have a possible wife? What is that?
  • viscous · 5 months ago
    LOL!
  • nummy · 5 months ago
    meaning she is my girlfriend that i might marry.
  • Brinkley · 5 months ago
    That would be a "possible fiance", then. Unless you're already engaged and you still only "might" marry her. What's her email address? ; ).
  • nummy · 5 months ago
    oh ... yeah then possible fiance ... i didnt realize how "possible wife" could be interpreted.

    we are semi engaged... its not official, i havent formally popped the question yet but we both know ....

    only problem is timing ... might be a year or 2 before any wedding plans get made. i'd like her to finish college first.
  • Brinkley · 5 months ago
    College first is good. At least. Urszula and I will give you advice on precisely how to pop the question when the time is right. (Aren't you thrilled?!)
  • nummy · 5 months ago
    with my luck, short my marriage proposal LOL
  • BovineStew · 5 months ago
    mighty nice of you, considering you finished college 23 years ago. BUT to each his own I guess.
  • nummy · 5 months ago
    I'm not THAT old ... I'm 24 ... finished in 2006.
  • urszula · 5 months ago
    Better & better
  • Tazman · 5 months ago
    Might is a big word......
  • urszula · 5 months ago
    O god
  • Chuckles · 5 months ago
    possible = not a sure thing
  • nummy · 5 months ago
    you must be tanked already. pace yourself brinks.
  • Brinkley · 5 months ago
    Not at all. Taz drank my first, and Stew cut me off at two.
  • BovineStew · 5 months ago
    You are a sap like the rest of the slopers. I'm going "evil" tonight!
  • Tazman · 5 months ago
    Tampa Baby......we will Rock.....I know some Russian Ladies.....
  • BovineStew · 5 months ago
    been there done that. They need to work on there missile defense. And lining it up on the polish border is soooo boring.
  • Tazman · 5 months ago
    Nice dark hair Bo.....Fingers get stuck.......
  • BovineStew · 5 months ago
    that's why you need to get ribbed for her pleasure Tas. Come back next friday for the next lesson.
  • Chuckles · 5 months ago
    I was going to tell him if her fingers are sticky, tell her to wash her hands...
  • BovineStew · 5 months ago
    Not when Tas is close to the honey pot for once in his life! He needs to whinney the pooh it.
  • Brinkley · 5 months ago
    Count me in.
  • BovineStew · 5 months ago
    I will not be accused of "profiling". Next time take a pic like a real person. :) just kidding Brinks. Will you be in Miami? I can send a car, never mind I can be in the car. Doooo say yes! won't you?
  • Brinkley · 5 months ago
    Sure. But not tonight-- can't make the flight in time. Pick another week.
  • BovineStew · 5 months ago
    10:25 pm Depart Charlotte (CLT)
    Arrive Miami (MIA) 12:24 am tip+1 day Fri 17-Jul
    Duration: 1hr 59mn
    US Airways US Airways 1577
    Nonstop flight

    There you are. should I pick you up when I land?
  • Brinkley · 5 months ago
    Has to be RDU. Charlotte doesn't work.
  • BovineStew · 5 months ago
    Ok, so let's do something some other time. We should get a sloper party happening in Miami over the winter. Have a nice weekend Brinks. :)
  • Brinkley · 5 months ago
    You too, Stew. Dance the night away when you're not hogging the mic at the karaoke bar.
  • BovineStew · 5 months ago
    I'm not sure if I'm going to a Karoake bar. It's really not up to me unless you were here and you are not so no Karaoke for me tonight. I will just have to enjoy what I can while Tasman enjoys what he wanted to when he was younger.

    Just kidding Brinks. Have a nice weekend and I will see you one of these days.
  • Tazman · 5 months ago
    See me in Tampa for a cold one.....
  • Greg · 5 months ago
    Did good for the week, but today I was day trading all day, and just slashed around, and came up witha doughnut hole for my efforts. No loss though, which heck that's not too bad.

    Bo, where is my hard earned G&T!
  • Brinkley · 5 months ago
    Today's action was ridiculous. Not sure why I was even here. So many more productive things I could've been doing! No, no loss is good. I started the day up nicely, was in the red by midday, and ended essentially flat. Pretty decent week, though, mainly due to ICE short and BIDU long.
  • Greg · 5 months ago
    Yeah, I did the same. tried going long too, then the second time
    didn't give it a wide enough stop. Third worked, then fourth I had to
    close ad hoc as my son was coming out of surgery, then in post op I
    picked up 4 points which put me exactly at a wash. 8 trades
    altogether, plus a few dollars profit on USO. Thought, what the heck,
    I expect the SPX to tank next week, so USO would lead the pack, so I
    closed that long. Oh well heading to Camano Island now, for crabing &
    jet-skiing. Should be more fun.

    Cheers, next round is on me.
  • Brinkley · 5 months ago
    Thanks! Yes, your weekend plans sound much better. Hope your son is ok-- nothing serious, I hope?
  • Greg · 5 months ago
    Just a problem that has bothered him for a year. Should be fixed now.
  • Insect Overlord · 5 months ago
    Yeah, I ended the day at breakeven. My Dec SKF put is what countered the losses, which were a SPY call that I bought and sold intraday, as well as my SRS call position that I reentered after getting stopped out at a profit earlier in the week. And about 30 minutes prior to the market close I bought a call on AMZN with a stop slightly below today's low.
    But for the week I'm up ever so slightly.
  • Greg · 5 months ago
    The last couple days have been hard work. Mostly in cash at the moment.

    Gregory G McGary
    Sent via iPhone 3Gs
  • Insect Overlord · 4 months ago
    Gary,
    email me at my gmail account...jgn2112
  • foelogic · 5 months ago
    I got your covered on the tab Greg. Drink up. It's on me today. :)
  • Greg · 5 months ago
    Thanks. Just about packed to head out on the road. Got a tippy cup.
  • Greg · 5 months ago
    Thanks on # 2, forgot the hornitos. Darn.
  • BovineStew · 5 months ago
    Oh sweet sweet day. everything green except FYP. It shall be green as well next Thursday. Drinks anyone?
  • Tim Knight · 5 months ago
    Thanks for making me wait 18 minutes, Bo. I'm charging the firm for this one. I'm outta here. Tim zips off in his silver Z8..........
  • BovineStew · 5 months ago
    it said con. you know I am a nice guy. can you change that please? And whats up with the coke? Geez!
  • Tim Knight · 5 months ago
    You try finding an image of a bear drinking a cocktail! And anyway, they mixed it with Rum.
  • Brinkley · 5 months ago
  • BovineStew · 5 months ago
    I always knew you could write a better book than Tim. The pics in his book desires some attention.
  • Brinkley · 5 months ago
    Hi Stewie. I had a rough couple of days (non-market) and am going to try to put things out of my mind for a few hours. I never got my margarita-- did you leave it with Taz? If so, it's long gone. May I have a fresh one?
  • Boldly They Rode · 5 months ago
    Thoughts of days of innocence

    http://www.youtube.com/watch?v=m7TnRnPma3k&feat...

    And he looked younger at Myrtle Beach in a time long ago.

    http://www.youtube.com/watch?v=A1fyaT8MWK4
  • BovineStew · 5 months ago
    Only if you are fresh with me. Ok, never mind here is a margarita.
  • Brinkley · 5 months ago
    Thanks.
  • BovineStew · 5 months ago
    Okay, I take it back. You can get fresh. :) or :(?
  • Brinkley · 5 months ago
    Just give me a little TLC and another margarita for now, please.
  • BovineStew · 5 months ago
    I am not one to hear complaints about foreplay. but if you must have a drink, a cold margarita with no salt.
  • urszula · 5 months ago
    Terrific pic!
    Is photography one of your pastimes?
  • Brinkley · 5 months ago
    In this case, Google is one of my pastimes ; ).

    (I do like photography, but just amateur dabbling)
  • BovineStew · 5 months ago
    LOL! we love you Tim!
  • Tazman · 5 months ago
    Bo...our standard table for Bri (Brink)...she loves when I call her this......Ursz would like the standard.......For me.....whatever you think......here is $ 5.00 for the car.....and $5.00 for you....Damn Son....do something with that hair......
  • BovineStew · 5 months ago
    A margarita for Brinks, a bloody Hungarian drink for Urs, and video camera for you so you can learn - but please don't try to pan handle it on the internet.
  • crazygirl · 5 months ago
    Just stopping by, can't stay for a drink today. :( Have one for me!!!!
  • BovineStew · 5 months ago
    I don't like lemonade. But call me after soccer practice.
  • Doji Girl · 5 months ago
    Be back later...dashing off to grab a movie
  • BovineStew · 5 months ago
    what??? I am the movie. Now audition!
  • urszula · 5 months ago
    You work very hard on Fridays. I think you need an assistant. Nummy? Insect Overlord? Or....vodka & tonic.
  • BovineStew · 5 months ago
    I consider it a labor of love Urs. keep the geeks happy in the evening and I get my reward at night. Now go make some pie.
  • amgrant · 5 months ago
    Quick update. See ya'll on Monday.

    http://www.ambgtrading.com/2009/07/almost-flat-...
  • BovineStew · 5 months ago
    I don't sell advertising during happy hour. Let me know if the salmon are biting.
  • amgrant · 5 months ago
    You worm.
  • BovineStew · 5 months ago
    I would break up with her Amgrant. Did she really say that to you? Not good. And she looks so nice in the picture... sigh.. looks aren't everything.
  • amgrant · 5 months ago
    Oh man you are hilarious. OK I'm outta here, gotta work on my Mozilo tan. See you Monday.
  • BovineStew · 5 months ago
    Have a nice weekend Amgrant. But one bit of advice, I would say to her this weekend:

    Honey, if I wasn't who you thought I was would you think I am the man who you thought I would be?
  • Brinkley · 5 months ago
    If you say that to her, don't count on her being around next weekend.
  • urszula · 5 months ago
    ROFL!!!!!!!!!!!!!!!!!!!!
  • katzo7 · 5 months ago
    Ursz, how do you spell that?
  • urszula · 5 months ago
    Spell what?
  • BovineStew · 5 months ago
    spell, I would like breakfast in the morning after the herculean effort that NO kat should be banished to but I did it for you so where is my cat nip and I don't mean my ear?
  • urszula · 5 months ago
    A word of advice: don't take absinthe and peyote in the same hour.
  • BovineStew · 5 months ago
    you need help Urs and I can't help you. But you might want to talk to Tas.
  • urszula · 5 months ago
    I've never taken either.
    Well, not recently.
  • BovineStew · 5 months ago
    and have you had a desire to recently?
  • urszula · 5 months ago
    I was kidding, silly.
    I get my highs from physical activity, sunshine & the sea.
  • BovineStew · 5 months ago
    that's all nice and all, BUT, do you get to scream and then go to bed with a smile on your face?
  • viscous · 5 months ago
    No comment.
  • BovineStew · 5 months ago
    How about... You remind me of when I was young. I woke up one morning to realize to watch the sunrise in its golden splendor was to realize the joy of being here with you.
  • urszula · 5 months ago
    What twaddle.
  • BovineStew · 5 months ago
    Sometimes Urs, one can twaddle, and some can twiddle dee, but nowhere would I'd rather be, than here with you.
  • urszula · 5 months ago
    That line needs work
  • BovineStew · 5 months ago
    .....I'd rather be with you staring at me so deliciously?
  • urszula · 5 months ago
    Oooh much better!
  • BovineStew · 5 months ago
    I was thinking you would say what I thought for an instant there. :)
  • katzo7 · 5 months ago
    WTF you get this stuff from Bo, a Blind Squirrel who cannot see and is therefore overly verbose?
  • vodka_tonic · 5 months ago
    hahaha....i can't see you saying that at all ;p
  • Brinkley · 5 months ago
    Stick to humor, Stewie. It's your strong suit ; ).
  • BovineStew · 5 months ago
    sigh.... am I your circus person? One you can take out only when you want to have fun? Because that would be fine with Katzo. he is a voyeur. don't let that keep you from his new found skill... charting, your progress.
  • Brinkley · 5 months ago
    huh?
  • BovineStew · 5 months ago
    are you going to put the charts down and meet me in Miami or not?
  • katzo7 · 5 months ago
    LOL
  • MySnowPro · 5 months ago
    I am exhuasted.. I like the technical pictures shaping up. Today's technical adversity was extreme... Hung badly twice on the HOG (Heating Oil/Gas Oil) futures. But traded the ES/NKD spread beautifully today. Brought the P/L positive on the day in the last few minutes of trade. Optionwise, I managed to turn the ship from neutral to neutral/bearish midweek. I have been using the EUR/JPY as a barometer for the market. Draw a trendline from lows, you will see that the Risk trade is coming off in fine fashion. Baton down the hatches... I verified that my overfunded Life insurance policy was in short term funds, NOT equities.
  • BovineStew · 5 months ago
    Hog??? Please go next door to crow bar I think they may let you in.
  • MutantDog · 5 months ago
    "batten" - a slender strip of wood, driven into hatch-covers to make them watertight. Another o' them Nautical terms.
  • Count_de_Monee · 5 months ago
    Bo, hook a brother up with a cool gin and tonic.
  • katzo7 · 5 months ago
    Ahhhh le Count, you like what I like, G&Ts. With lime plz. And I am not referring to any "positions." LOL
  • BovineStew · 5 months ago
    a girl with a taser coming up for the kat who has turned into some charting fool lately. LOL!!! just kidding - here ya are! - extra batteries.
  • katzo7 · 5 months ago
    Hey, back off, I am trying to make hay with rene.
  • BovineStew · 5 months ago
    one of my favorite things aside from your favorite thing - leggy Europeans. Nice! gin and tonic being served cold here friend. helps you cools off a bit between rounds.
  • Count_de_Monee · 5 months ago
    cheers, that hit the spot
  • BovineStew · 5 months ago
    Let me know when you need another in like 5 minutes.
  • Count_de_Monee · 5 months ago
    Ready for another. And a leggy European please (or from anywhere else, I don't discriminate against the fairer sex, I like 'em all, the leggier the better ;-)
  • BovineStew · 5 months ago
    A gin and tonic and a leggy hobbit for my royal friend.
  • Count_de_Monee · 5 months ago
    hobbit? ROTFLMAO

    that could be kinky, I suppose...
  • katzo7 · 5 months ago
    This is not the calm, responsible, conservative, European Count I used to know. BO, check this guy's ID, me thinks there is an impostor in here.
  • BovineStew · 5 months ago
    He saw your latest video apparently... "midget on the run". and big strides that midget has,, run midget run!.
  • katzo7 · 5 months ago
    see below
  • MovinFwd · 5 months ago
    My quarter in the juke box here in this honky tonk :
    http://www.youtube.com/watch?v=63PmFz_SXD4
    :-)
  • FluffyPup · 5 months ago
    Got in late, any Mojitos left?
  • BovineStew · 5 months ago
    We always have more toes for sic girls that like feet. Here ya are - can you put the sock in a safe place first though? thank you.
  • FluffyPup · 5 months ago
    Wow, obviously I am very late. I have no idea what you are saying.
  • BovineStew · 5 months ago
    that's because what you are saying Bri does not make sense.
  • FluffyPup · 5 months ago
    Just make it a double, please Mr. Bo
  • BovineStew · 5 months ago
    well ok, but I'm self conscious about my left foot. Is that bad? :)
  • FluffyPup · 5 months ago
    Your left foot is fine.

    There is a quiet table over in the corner, I'll be over there if anyone is looking for me.
  • BovineStew · 5 months ago
    Here is a moji-toe to start off. The rest of it may come later.
  • FluffyPup · 5 months ago
    Sorry, left my sense of humor at the market today.

    Nothing personal, I am just tired. This market......... arghhhhhhh. All'ya'all know.
  • BovineStew · 5 months ago
    so just realax and let it go. You'll get'em next time. :)
  • FluffyPup · 5 months ago
    Oh, I got em. Just took to much effort.
  • BovineStew · 5 months ago
    nothing good comes easy unless you can put up with sleazy. if so, please talk to blind squirrel and Katzo7. They have that cornered.

    Otherwise, I'm glad you worked hard today and made it happen Bri. We, at the slope are proud of you. :)
  • FluffyPup · 5 months ago
    Thanks Bo. That is appreciated.

    I am off to take a puppy-nap. Need to rest up for all the mountain bike casing this weekend .. tour de france.

    Have a great weekend! See you Sunday afternoon.
  • BovineStew · 5 months ago
    that tells me you are in shape. That's important to viscous apparently. Me? I appreciate biking on Sunday afternoons. Have a great evening, a lovely Saturday, and may you find viscous hungry Sunday afternoon.
  • urszula · 5 months ago
    Enjoy your weekend, Bri ;-)
  • Ashok · 5 months ago
    Nathans w/sauerkraut sir.......?? No charts today......off to the airport...flyin' back home.....
  • BovineStew · 5 months ago
    I had two ready for you and your lovely lady. Kept it warm with a make shift heater lamp. Good to see you Ash&company. Safe travels.
  • katzo7 · 5 months ago
    When are you leaving Ashok?
    I thought you had left already? SOunds like a cool trip, west coast right?
    This is not here is you hat, what is your hurry Ashok.
    LOL
  • Ashok · 5 months ago
    I'm back home now, katzo...was away for a lil while........

    "This is not her is you hat,...".....I lost that last part....?

    Ash
  • katzo7 · 5 months ago
    Here is your hat what is your hurry is an old expression, handing on his/her
    hat at a gathering and to get them to leave. Are you Indian? I am an
    honorary desi (from the homeland), I was made one because I like bedekar
    pickle. I grew up with Indian grad students living next door to me.
  • Ashok · 5 months ago
    Thanks for the explanation.......bedekar pickle....interesting.....Yes, I am
    from India, though I have been in the US for 31 years now....hello again and
    very nice to make your acquaintance......
  • Tazman · 5 months ago
    Bo...have to run...Tell Brink to call me...will hook up later.......

    Bar looks good Bo....Clean....will let TK know.....
  • BovineStew · 5 months ago
    Have a nice weekend Tas. May all your wishes come true.
  • Tazman · 5 months ago
    You are the best Bo.....One Night Stand Baby.....
  • BovineStew · 5 months ago
    wear a jacket before you smack it. Especially if you are in the Southern hemisphere during these summer months. brrrrrr
  • Count_de_Monee · 5 months ago
    "wear a jacket before you smack it"

    You guys are too funny. Bo, never heard that one before.

    OK, gotta go watch a movie with the countess. Have a great weekend everyone.
  • BovineStew · 5 months ago
    It's a good thing your countess is not keeping count of all your indiscretions. Have a great weekend and please continue to forward those goldfinger reports.
  • urszula · 5 months ago
    Enjoy your weekend, Tas. Fond regards to your beloved.
  • steveo77 · 5 months ago
    Bo, 10 minutes to close out futures, then I would like to order a Mojito, are you working today?
  • BovineStew · 5 months ago
    A mojito for you with extra mint. Don't say I don't do the girls any favors.
  • SuperBowlShuffle · 5 months ago
    Is TheHun around today? His prediction that the VIX would gap up is totally off...thats usually not like him...

    See:http://xtrends.blogspot.com/2009/07/huge-volatility-spike-is-coming.html
  • The_Hun · 5 months ago
    My predictions are not for daily moves SuperBowl, but intermediate time horizons that are predicted with the help of proprietary indicators. This is why my calls are usually correct.
  • thyname · 5 months ago
    Do you have a blog?
  • The_Hun · 5 months ago
    Not yet. I know everyone has been patiently waiting for me to set one up.
  • thyname · 5 months ago
    You are funny.
  • The_Hun · 5 months ago
    Humor is not my intention, serious trading is
  • urszula · 5 months ago
    Serious traders with a good sense of fun have a decided advantage
  • Gary_L · 5 months ago
    We have enough blog pimps running around here already.

    Just continue with your timely comments please.
  • foelogic · 5 months ago
    Jack and Coke for me Please. Since we're hanging out with the Polar Bears who are also drinking coke.
  • BovineStew · 5 months ago
    And take that back about my chart. And I may consider serving you a drink. :)
  • foelogic · 5 months ago
    I take it back 10 times. I mean really, what do I know? Charts don't matter, profits matter. So please, i ask for your forgiveness!!!!!!!!!! And no more chart comments :)
  • kkmoney · 5 months ago
    VIX charts: I was hoping for a break of the trendline but as you can see in the intraday it failed and weekly closed well below...we'll see what happens next week. The H&S on SandP hasnt definitively broke yet, and I think when that happens it will correlate with VIX breaking the downtrend

    Anyone know if there is any relation with opex and vix? does it tend to be more/less volatile, or is it just random.

    weekly: http://screencast.com/t/1HxSjy3sYrb
    daily: http://screencast.com/t/1HxSjy3sYrb
    daily zoomed: http://screencast.com/t/tFeg8vF8P
  • Count_de_Monee · 5 months ago
    Uh Tim, I think it's you have the con. It almost reads like corn
  • Tim Knight · 5 months ago
    Really? I always thought Kirk said "com", like "command." OK, changed.
  • Chuckles · 5 months ago
    Con is short for conning tower.
    A conning tower is a raised platform on a ship or submarine, often armored, from which an officer can con the vessel; i.e., give directions to the helmsman. It is usually located as high on the ship as practical, to give the conning team good visibility. (from Wikipedia)
  • Insect Overlord · 5 months ago
    Con is a nautical thing. Kinda like when you get on a boat its no longer left or right but port and starboard and all that (see Joe Pesci's rant in Lethal Weapon IV).
  • Count_de_Monee · 5 months ago
    Yup. Nautical thing.
  • BovineStew · 5 months ago
    yup NOTical thing.
  • Greg · 5 months ago
    Where's my G&T bartender!
  • BovineStew · 5 months ago
    here ya are my Hawaiian pimpin friend that know all the after hour tricks of market order.
  • Greg · 5 months ago
    Thanks, just poured Tanqueray & Tonic. Got my dungeness crab traps set
    & tomorrow should bring scads of fresh crab. First of the season.


    Gregory G McGary
    Sent via iPhone 3Gs
  • AudioTactics · 5 months ago
    Why is it that my graph of EWT does not match the graph in the previous post?

    I am looking at EWT (Taiwan Shares) NYSE on stockcharts.com and it shows a recent high of 11.5 while the graph on the blog shows a high of ~14.5.

    Am I looking at the right security?
  • nummy · 5 months ago
    anybody remember the site that has candlestick analysis? you can type in a symbol and it will tell you what pattern the symbol is currently matching (hanging man, doji, etc)
  • Insect Overlord · 5 months ago
    I don't know what website that is (but I know what you're referring to). A website that I use all the time is finviz.com -- it's awesome. Check it out...there is a screener on there that screens for just about anything. But all the charts that they have have stuff pre-drawn on it, which sometimes gives you a fresh take on something. Definitely worth checking out. I have it up all day.
  • urszula · 5 months ago
  • YogiBehr · 5 months ago
    I had to read the name on that link twice....lol
  • urszula · 5 months ago
    (laughing)
  • dreadwin · 5 months ago
  • morrise · 5 months ago
  • nummy · 5 months ago
    thanks all :)
  • Tazman · 5 months ago
    Bo.....do you think the Gold chains are to much? Tell me man......Am I it...or what??????

    Gin & Tonic please....
  • BovineStew · 5 months ago
    you and Count should get together and talk about old times. How Newtonian variables were displaced by some curly hair guy.
  • Tazman · 5 months ago
    Call me Monday.....I have a great guy for you ....LOL....
  • katzo7 · 5 months ago
    G&Ts seem to be the drink of choice tonight.
  • Count_de_Monee · 5 months ago
    damn Tas, just saw we ordered the same drink. The taste of a gentleman, I see.

    I hope Bo can handle all those variables at once.
  • Tazman · 5 months ago
    The problem with Bo is...TK gives him the key........I always....always.....have to do cleaning duty....
  • urszula · 5 months ago
    Hire someone to do it and send Bovine the bill.
  • katzo7 · 5 months ago
    See below Tas.
  • YogiBehr · 5 months ago
    you need to ditch the Mr. T starter kit Tas...lol
  • BovineStew · 5 months ago
    for fuzzygreysocks and all the sloper girls:

    http://www.youtube.com/watch?v=LNQU-tVSuw4
  • vodka_tonic · 5 months ago
    lol i was just listening to this
  • BovineStew · 5 months ago
    We know. You are getting "ready" to go out. have "tons" of fun VT!
  • MovinFwd · 5 months ago
    Another quarter in the jukebox : Let's get up and dance in here :
    http://www.youtube.com/watch?v=avwCXNAfUlE&feat...
  • YogiBehr · 5 months ago
    You have any Cherry Cokes back there mister?
  • Insect Overlord · 5 months ago
    Here's my quarter in the jukebox for the weekend. Hopefully this theme comes into play for me next week. :-)

    http://www.youtube.com/watch?v=zsskd9LCp_Y
  • YogiBehr · 5 months ago
    ahhhhhhhhhhh.....Guerillaz!!

    http://www.youtube.com/watch?v=qpDer9wdUEw
  • YogiBehr · 5 months ago
    those Coca-Cola bear commercials around Xmas are awesome!!
    The wife has a coke collection to die for.

    A friend brought her a can of Lime Coke from the Honduras...it was on a mantel in our bathroom with numerous others....I hear this loud ass BOOM one night and what sounded like running water...I thought...oh great...we blew a water pipe....nope....the lime in the coke can fermented and it exploded all over our black granite bathroom...
  • vodka_tonic · 5 months ago
    noooooooooooo....whos this katzo guy.....at least pour me one last shot for the road !
  • katzo7 · 5 months ago
    katzo? Never heard of him.
  • InkyPenumbra · 5 months ago
    Here is a Fibbo chart of $SPX since the highs in 2007.
    Have we not just broken down a major support level with today's close????
    http://www.screencast.com/users/inkypenumbra/fo...
  • Brinkley · 5 months ago
    I don't think I know you, but in case you hadn't noticed, it's Happy Hour : ).
  • nummy · 5 months ago
    yea but if 10/2007 through 03/2009 was a larger wave 1 and we're in wave 2, consider this:

    ~12% of wave 2s retrace to 38%
    ~73% of wave 2s retrace between 50%-60%
    ~15% of wave 2s retrace more than 60%
  • Brinkley · 5 months ago
    I kind of know you, but in case you hadn't noticed, it's Happy Hour ; ).
  • BovineStew · 5 months ago
    "STL" please!! says the German. Yahh know what that means...
  • BovineStew · 5 months ago
    Ok, I'm landing in 55 minutes in Miami. who is picking me up?
  • Tazman · 5 months ago
    Bo...I am in Tampa......would love to toss a couple.....let me call Ursz....
  • Doji Girl · 5 months ago
    I told you...land in Boca. I just drove past the airport (its next to the movie theater) and didn't see your plane or I would have waited for you.
  • BovineStew · 5 months ago
    Okay. where are you dancing tonight? And how far is it from Miami?
  • Doji Girl · 5 months ago
    Gold Coast Ballroom, Coconut Creek, about 30-40 minutes from Miami.
  • BovineStew · 5 months ago
    I would need to be picked up at the Shore Club. AND, I would need to see your ID, BEFORE I teach you how to salsa, merengue, coombia, and etc...
  • Doji Girl · 5 months ago
    Well, I'm sure you can pick up someone, um, I mean find someone to pick you
    up at the Shore Club. You may certainly NOT see my ID and there is nothing
    you can teach me about salsa, merengue or cumbia. But I could teach you a
    lot about Mambo and Hustle.
  • BovineStew · 5 months ago
    ok. so what is the address to the ballroom? I will be wearing a black suit with a red and gray silk shirt. How will I know who you are if I went to your dance club?
  • Doji Girl · 5 months ago
    If you are serious, email me ...karen at dojigirl dot com.
  • Insect Overlord · 5 months ago
    Here's a little Friday evening Walken for you all. Asian style.

    http://www.collegehumor.com/video:1916727
  • Madison · 5 months ago
    I just can't get enough Christopher Walken humor.

    Thanks for the laughs!
  • chartsandcoffee · 5 months ago
    My educated guess is that GS earnings will be a non-event - http://chartsandcoffee.blogspot.com/2009/07/gol...
  • crazygirl · 5 months ago
    Call me crazygirl but, could DIN be breaking out here? Last two earnings it has moved higher.

    http://www.finviz.com/publish/071009/DINc1dl205...
  • bostonwealth · 5 months ago
  • morrise · 5 months ago
    Hi...I like your analysis and measurement..Buuuuut I believe we have to view this pull back in the context of the major , potential, pattern that is most likely developing which is a huge inverse H&S pattern that will take the markets much higher..If you look at the charts with this view you must measure this pull back so that it will be symetrical to the left shoulder of the major pattern and that takes us back to approx. 770....I would have liked the "500" to make one more rt. shoulder on the current neckline but what the heck if it breaks thats a good thing for me..A 2nd. shoulder would not have to move that high anyway so that it really shouldn't disturb ones positions but from my view a complete pattern is best.....
  • Bear · 5 months ago
    I agree that the SPX has to "get beyond" the reverse H&S (it is the larger and more pre-dominant pattern) ... if the SPX is to fall apart and head back down below 600 (in a second economic collapse) that is the pattern failure to watch in the mid-term to long term ... in the short-term though it is the pattern (H&S) with the pattern (inverse H&S) that I have my eye on now ...

    I have been watching your posts now for a while ... and a lot of your technical analysis makes sense to me ... thanks for posting ...
  • steveo77 · 5 months ago
  • bostonwealth · 5 months ago
  • Giledain · 5 months ago
    Ah, just as well. You guys don't want to see me drunk. Not a very... edifying... spectacle.

    I loved the drink, said he, but never the drink loved me.
  • BovineStew · 5 months ago
    ain't that the truth.
  • viscous · 5 months ago
    Look what the cat drug in. :o)
  • Giledain · 5 months ago
    Friggin' buttinski cat. Who asked him to drag me in? I can find me own way home.

    Hmm, sign says Poughkeepskie? Something's not right here...
  • viscous · 5 months ago
    Thirty?
  • Giledain · 5 months ago
    Here's a learned hint. My little ole Irish clan are ravaged with an infliction known as neoteny ;-)
  • viscous · 5 months ago
    You are thirty nine.
  • Giledain · 5 months ago
    Here's a sports hint. I was a teenager when the Yankees played in Shea Stadium. Way before there was a subway series...
  • viscous · 5 months ago
    Dad?
  • Giledain · 5 months ago
    LOL!!!
  • YogiBehr · 5 months ago
    I hate cleanijng up after keggers....stale beer just smells nasty in the morning.
  • Giledain · 5 months ago
    Ok me and Jersey Tom are going to go quaff some brewskis and ragga some Swedish Sheilas (triple cultural reference, ding!). You guys can nurse your hangovers while we go paint our little Nordic town red.

    We are the world, we are the tag team, baby.

    Edit: actually, New Jersey is a place all unto itself, so, quadruple cultural reference :-)
  • toad37 · 5 months ago
    Does anyone here use Smoothed Rate of Change for identifying important market turns?
  • Tim Knight · 5 months ago
    NEW POST (finally...........)