Wednesday, December 9, 2009

More News From The FED

More bail outs coming from FED thru October 2010:

http://news.yahoo.com/s/ap/20091209/ap_on_bi_ge/us_bailout_extension

My DTO is doing great, also I like the action today on Gold, getting cheaper, beautiful:http://finance.yahoo.com/news/Gold-Bulls-See-Recent-Slide-indie-1502611276.html?x=0&.v=1

Great day in the miners gang ......hope its not the bottom for them. But today's action was concerning if you are hoping for them to get whacked. Anyway let's party like it's 1999. bumped Analyze T/A below

Ah...When in doubt, always trust the ponzi lol. AAPL had very nice action today as expected off the reversal yesterday with front month calls scorching hot (I had Dec calls here, also had GS calls with its bounce off the bottom of its descending wedge), and a good bottom pattern was initiated on SPY to maintain the bullish intermediate term stance, with GLD recovering and UUP slapped down after hitting its target as noted yesterday. ANV is one of my horses that I am looking at for re-entry, it is in a bullflag since 12/2 but did not reverse yet to break out of it, but watch this and other positions that have retraced similarily to put in reversals, otherwise scalp off the bottom of the retrace average ranges and trail stops to the upper ATR. Trade day to day, but trade to a premise that favors support of the lower end of the SPX range being held at 1084, with a possible breakout of the top of the range at 1110. For breakouts wait for daily closes for determination, since midday spikes can just be traps of late-processed orders by MMs to catch over-eager retail in false breakouts. - Analyze.

5 comments:

  1. Ah...When in doubt, always trust the ponzi lol. AAPL had very nice action today as expected off the reversal yesterday with front month calls scorching hot (I had Dec calls here, also had GS calls with its bounce off the bottom of its descending wedge), and a good bottom pattern was initiated on SPY to maintain the bullish intermediate term stance, with GLD recovering and UUP slapped down after hitting its target as noted yesterday. ANV is one of my horses that I am looking at for re-entry, it is in a bullflag since 12/2 but did not reverse yet to break out of it, but watch this and other positions that have retraced similarily to put in reversals, otherwise scalp off the bottom of the retrace average ranges and trail stops to the upper ATR. Trade day to day, but trade to a premise that favors support of the lower end of the SPX range being held at 1084, with a possible breakout of the top of the range at 1110. For breakouts wait for daily closes for determination, since midday spikes can just be traps of late-processed orders by MMs to catch over-eager retail in false breakouts. - Analyze.

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  2. nothing wrong with a good ponzi as long as you know the game....eventually nature will wipe it out

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  3. Great post Analyze.

    JAG and XRA did nicely for me today. Now I am on a 7 to 10 day wait for my funds to be transfered from Scottrade to TOS. Going to have to find something else to do during the evening. hehehe

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  4. Hey Temo, I like the TOS platform especially for options. That long transfer period is a pain, I did the same thing. I only did a partial transfer though. I kept the original broker for trend and swing trading, and TOS for day trading and options. There is a lot of difference between options trading and the others, and it helps me to take on a different mindset to trading if I have the separation when I equate the platform I am on with trading style. Also avoided the downtime waiting for the TOS setup too. Trading year is winding down, I may hang things up for a short respite once OPEX rolls around this month and re-engage in 2010. - Analyze.

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  5. I am really liking the TOS. The options tools are pretty powerful.
    I was suffering from withdrawal so I did an ACH transfer for a little play money. It should hit on Monday.
    I would like to pick up some SLV at 16.50 and re enter XRA under 6.

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