DISQUS

Lets just remember that our running backs and O-line are sick (good). I agree with your comments on Chad - Effective. Its exactly what we expected out of him and nothing more.

Our defense is also effective. They have shown at times to be a very decent defense and at other times they look like amateurs. Very hit or miss, but against the pats they really shined. Miami fans still can't believe it.

I also like GLD here and may be picking some up. Fuck it, forget the GLD and go for the double gold ETN DGP.

Tax me I can afford it. I want a new stadium. I'm not happy about the location though. They should have put it in Broward County. They had a real opportunity to make something like a Fenway Park or a Wrigley Field with the stadium in downtown Fort Lauderdale. The area around the Orange Bowl has been dilapidated since I was born. Great food, but hate the drive.

Still wondering where these lows are going to be put in.

Getting fed up with the market yet?

I sold CALM today...will talk about it later tonight. Got out though shortly after I posted above. Saved myself about 4% CALM got nailed today.

Oh and buy the F$%^& weakness!

I "think" Bears are being trapped this week. Daily charts look bearish and bears will grab anything that fits their bias. The intermediate trend though is up.

Same mantra...I'm buying the weakness until further notice.

This is what I was expecting last week. Its all I can say.

Nice trade! You are on the crab right now. That's a Deadliest Catch reference.

Cole,
Yes I'm VERY VERY VERY VERY bullish beyond this week. I'm expecting a selloff that I will buy into. Buy weakness has been my mantra. I've been saying this for days and has been my only stance thus far.

I'm just playing a small selloff here. Some would say its not worth playing and I think that may be the case. If a selloff doesn't materialize I'll eat my loss and my words and go long, which is what I plan on doing Friday eod pretty much no matter what.

The one wrench in the upmove that is front of us is the Russia ordeal which could bring a rather quick deep selloff that will mark the end to the entire downtrend that started in November 2007.

Did the market move down today or was that a mirage?

Bought some SKF @ 116 also for a day trade or for the week.

Restaurants rocking.

Retail rocking. Mentioned in the weekly recap.
http://www.stockrake.com/weekly-recap~2008~08.html

Yeh my original plan and thoughts were for some up move and then a selloff the rest of the week, but I'm now seeing the type of strength (today) that blows through those first oversold signals that we typically see.

You know oversold and overbought can last longer than we think and I think we may be entering one of those periods as opposed to the type of market where a selloff ensues immediately after the first instance of overbought.

I mentioned it above.

1. Strengthening US dollar

2. Corn prices dropping...thats the first chart above. CU8 is the most recent month corn futures symbol.

3. Wheat prices dropping. That would be the second chart where I say "Wheat Thins are delicious."

Part of the total week of good calls...calling the US dollar rally ahead of the move 4 days ago.
http://www.stockrake.com/is-the-us-dollar-ready...

I should also mention that I got scared in RTK, because I bought it several times waiting and hoping the pattern would play out. I had to have patience like I didn't have with PWAV and more recently LLNW. It takes time for the pattern to unravel.

In RTK's case I bought the stock and sold several times.
http://www.stockrake.com/a-very-nice-day~2008~0...

On that date I bought 5800 shares, so it varies. I was more confident probably at that moment because I saw PWAV work out so well, but without me participating in it. I then went on to sell that RTK the next day for a 4-5 cent gain which was not the right thing to do.

Nothing for me is typical, but in this case it was a 2000 share position. I play more money with more secure things. In the index funds I may trade xx,xxx shares. As my confidence grows using this new strategy to find stocks like RTK, LLNW, CAKE, RT, PWAV, SNTS, grows, I'll be able to commit more capital to these type of trades and clean up. I know there are people out there who will drop 100k on a RTK and not blink, but I can't do that without worrying my ass off. My trading performance would be diminished considerably if I did that.

I'm not specifically picking TRLG, in fact I didn't buy it. I'm just pointing out the price action in TRLG.

Nice hit!

Thanks thats a really sweet plugin.

At this point would have been nice if I stuck to yesterdays plan - buying heavy on weakness...oh well at least making some bucks today.

Grazie Mille - Thank you a thousand times.

See what we're seeing today Kev? Dollar must be moving higher. Dow up 282. I'm loving it.

Sold my NDX long this morning capturing about 1%+ (I think) with the big money and bought QID with the small money.