Secret Code
Fibonacci and other fossils
Hiding in the shadows
Illuminating the Illuminati
The Edge
The Key
Time for MoneyArt of Trading»
Feeding ground (0)
“Amity Island had everything. Clear skies. Gentle surf. Warm water. People flocked there every summer. It was the perfect feeding ground…”
At 11:30 I suggested to colleagues to take their short profits off before noon today. It could have gone to any day low, but I felt the weekly shorts should capture their profits early after such [...]
Battlefield»
Plunging Indicator (0)
The vix.x has plunged from it’s recent historic high near 89.53 and most likely is regressing to the mean. We cannot expect 100 point + days everyday, any more than we could expect 8 point days to last forever when the vix traded at 9.39 in 2006.
It appears that today the market decided to wait [...]
Head Fakes»
Ms Direction (0)
Unlike the NFL, the formidable Ms Direction showed her face today with an old play an no new twists.
The gullible, blind, newbies, and intellectually lazy were the only ones caught by surprise if they bought pullbacks today.
Friday’s last hour heroics and then the overnight ramp in light volume left little to be done other than [...]
Money Management»
Squeeze and Geez (0)
The lure of easy money brings many to the table, but few can handle the gyrations and twisted logic that encompasses the world of day trading.
Shorts were squeezed unmercifully through lunch, and most probably threw in the towel once we got to the 80’s. When the pain gets too much to bear, or greed kicks [...]
Risk and Reward»
Limbo time (0)
How low can she go?
The double bottom test seems inevitable at this point, so the key evidently is what happens then?
Markets are easy to see in hindsight, but “in the moment” are much harder, as we are dealing with our emotions. The market has been ugly lately, and everyone is saying “buy and hold is [...]
Timing»
Out of the closet (0)
I could hardly believe my ears today.
Someone on CNBC suggested (gosh!) that there is such a thing as the PPT.
The moderator was incredulous, in disbelief.
For the record, that was the first time I heard a talking head suggested there was any entity charged with propping up the markets.
I guess it is PC for everyone to [...]
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