How To Capture and Cook Skunks
Just trying to predict the future of the comments…
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Matt
I did get off topic today, sorry, it was the head cold!!!
String
Hehe those comments were a little out there today. Still reading almost daily but not posting…bear market hibernation so to speak.
Some anecdotal evidence that nothing has changed:
My landlord has decided to sell the house I am living in. Just got a call from a Realtor today asking questions and aside from being rather miffed when I told him my lease wasn’t up for another 5 months, he explained that all I really needed to buy the house was a mere 3% down payment and maybe closing costs (don’t forget the big tax credit either!. I was very surprised to hear that you could still buy a house today for so little money down…it seems we still haven’t learned from the past. Also, the house is being sold for 30-40% less than the Zillow estimate from 2006.
Towelie
Your landlord has not been paying the mortgage, and his time is coming. The mortgage holder does not want to admit the loan is trash. You are in the drivers seat. Offer them something that seems ridiculous to you. Something that is cheaper than you could rent for, and see where it goes.
String
Great advice String….I guess I need to go back and read the afternoon posts…all I saw was the sourdough bread talk. Too bad I swore off the market.
We could cook Ciabatta for the Skunks as bait….
Tooth
Just get an account like Phil so you can trade the SCHX commission free. When Phil buys, you buy. Simple as that. Well, maybe not that simple, but it is close.
String
Towelie
Keep in mind that if you buy cheap and things still go south, you will live there payment free for months and months.
String
Stringm says:
March 12, 2010 at 7:07 pm
K
I don’t think balance sheets mean anything. These days NOTHING can be trusted. Just like the other day when the FDIC announced they were selling loans from seized banks, and all the other banks that were partners on the loan squealed like pigs.
String,
I read that one too. I got the impression FDIC was going ahead with it though. Did you see the figures in that article for what the loans were selling for after FDIC takes them over and sells them off – 40% of book for performing and 20% for non-performing? Yuck! If those are lies I don’t want to know the truth!
Mitch
The FDIC came out today and made some kind of deal that the partner banks could buy the loans from the FDIC, but keep them on the books as marked. Seems like a house of cards. All I know is I have 10 acres and know how to grow food and cook. I ain’t cookin no skunk though. If someone will tell us how to cook the skunks in finance, and Warshington (as Tom Landry would say) I will be the first to light the fire.
String
Bank closings
March 12, 2010
Statewide Bank, Covington, LA
Old Southern Bank, Orlando, FL
Park Avenue Bank, New York, NY
March 11, 2010
LibertyPointe Bank, New York, NY
It seems like the “nonexistent crisis” has made it to NY. COOOL
String,
I rec’d my Business Week today. Thumbed through it and saw where Chavez has his f’n troops in the supermarkets. And a picture of himself at the check out.
here we go.
http://www.ritholtz.com/blog/2010/03/lehman-brothers-the-next-enron/
Matt,
Sorry about my posts today. I will
stop posting.
I will ditto Julie
“How To Capture and Cook Skunks”
OMG, how funny! The Trivisonno Blog has been “skunk’ed”.
I ain’t never ate a skunk but I may have to if the Doomsdayer’s predictions come true.
Seriously, here comes some more erosion of the markets:
Dear valued FXDD clients,
We wanted you to be aware that The U.S. Commodity Futures Trading Commission (CFTC) is seeking public comment on proposed regulations concerning retail Forex trading.
PLEASE NOTE: FXDD Malta customers will not be affected by these proposed changes, but are still encouraged to voice your opinions.
According to the CFTC, “leverage in retail Forex customer accounts would be subject to a 10-to-1 limitation,” which means 10:1 leverage would be the maximum amount allowed for Forex traders in the U.S.
VOICE YOUR OPINION NOW
Should you feel strongly about the proposal, there is still time for you to help determine the outcome. The deadline for public comment is March 22, 2010. Make your opinion heard by sending comments directly to the CFTC at: secretary@cftc.gov (please CC: cftcfeedback@fxdd.com)
Please include ‘Regulation of Retail Forex’ in the subject line of your message and the following identification number in the body of the message: RIN 3038-AC61.
Here’s my markup of the SPY 15 and 5min. See what you think.
15MIN:
http://i43.tinypic.com/34rengi.jpg
5MIN:
http://i39.tinypic.com/4qlan7.jpg
George,
Your second chart shows a triangle breakdown with a “return to apex” throwback. If the market is weak Monday morning, SPY may want to drop back and test the lower uptrend channel line on your first chart.
Matt
admin says:
March 13, 2010 at 9:57 am
George,
Your second chart shows a triangle breakdown with a “return to apex” throwback. If the market is weak Monday morning,
MATT>>>>>you forget its MONDAY MARKUP….almost every monday gaps up due to sunday nite futures buying …i wonder who it could be???
Phil,
The market has been down two of the last three Mondays.
Matt
MATT>>>>FEAST YOUR EYES ON THIS http://lh3.ggpht.com/_APmrYvpA45s/S5q8SUb3e5I/AAAAAAAAGyU/yesyyi9rEqU/s1600-h/1%5B2%5D.png
Friday, March 12, 2010
03/12/2010 After Bell Quick Summary
OK, an invincible bull indeed because the famous very very bullish Monday the next trading day will be. And also according to the Stock Trader’s Almanac 2010, Monday before March Triple Witching, Dow Up 16 of Last 22.
>>>>>chart and text from COBRAS MARKET VIEW
The SPX closed down on March 8th and February 22nd, and he puts green arrows on those days?
matt…you are missing the point….out of 19 mondays even with your 2 added that is 15 out of 19 UP…
If you want to paint your red candles green, go right ahead.
Julie,
The title of this post is a joke. Other people were able to figure it out. If you don’t have the requisite sense of humor, then I suggest that you wait for George or String to weigh in and take your direction from them.
Matt
String, I have schwab, but I can’t follow the market all day. I tried for about a month but my staff kept calling me at the WORST possible times so profitable trades turned into losses…my perception, so my attitude turned negative. Not a good place to trade from. So, since I see so much risk right now, time to back off and find another good entry point. Plus, my emotions/risk taking get in the way of making good trades.
For example: I purchased 10 SSO contracts during the “big hammer” Friday that reached 1044.50 on the S&P. However, since I purchased them in the 1050’s, and I have been burned before on “being wrong, aka, being early,” I sold them at a small loss. Needless to say, I was dead right, but my execution of the trade was way off. Until I can get that worked out, if ever, I’m gonna just pile up my money, because all I am doing is losing it without the benefit of using it. Now on the opposite side, because of that outcome, I’ve let some options run too long and they will expire worthless in a week. I can’t seem to get out of my own way….time to step back for a while and reassess. That’s all. thanks for asking and giving sound advice, can’t argue with it!
Matt
I did ramble a little yesterday. Phil got me pumped on TLT, and I am suffering from this head cold. I started sippin some Black Jack early afternoon yesterday to nurse my head, thus the ramblin. I took your title as very apropos for the day. There are a bunch of skunks on Wall Street that NEED to be trapped and cooked. We could start with Fuld, but that would only be a start. So many crooks where would we start. Mozillo is probably still tanning.
We need to get back to basics here in America. I read today that we are going to let the Chinese bid on our rapid rail projects. I hope they hire some Americans if they get it. Wont that be a hoot. We build the first railroad using China Men, now maybe they could build the next using us. I will do better on not ramblin next week. You have a class act going on here and I don’t plan on spoiling it.
String
Tooth
Try this. On a daily chart set up these four Technical Indicators. Look at a chart of INTC. after you get it set up we can talk about what you see, and how you can use it without fighting your time schedule every day. If you like it, and make money you owe me a trip to Turf Paradise and all the beer I can drink. I’ll pay my own way to get there.
Make a 2 Day Moving Average using Red
Make a 6 Day Moving Average using Green
Make a StocK 21,5,3 Red
Make a StocD 21,5,3 Green
Make a MACD 8,13,5 Red
Make a MACD Signal 8,13,5 Green
Make a Directional Movement +DI 5,13 Red
Make a Directional Movement -DI 5,13 Green
Make the chart be four sections one for each indicator, and give each indicator the same space on the page.
If you want to do it, set up a chart and we can discuss what you see and what I see.
String
Tooth
It will be during the winter if I come. Phoenix is the place to be in the winter. Swamp coolers in the summer ain’t my cup of tea.
String
Busy day today (actually started last night about midnight) my step daughter had her baby boy today.
Jacob and mom are well. That was exciting but… new SPY highs and SKF becoming a teenager(?)… that’s hard to beat, but a new baby will do that.
BTW Jacob, you owe the Fed $40,623! (I just HAD to do that. Shame on me.) LOL
http://www.usdebtclock.org/
Matt,
Thanks for the chart critique. I see that now, going to the higher time frame for the overall picture. Sure, the 5min may drop, but within the 15min pattern which may be okay.
Stringm,
When I get time (I may not this weekend) I’ll plug those chart parms too and see what I come up with. I like that stuff.
George
Congrats Grampa!
String
George
Is there a way I can export a SD chart so I can show Tooth what I am looking at?
String
Stringm,
I do a screen copy, put it in “Paint”, get tinypic website and upload it.
I’m working on an easier way but not there yet. I haven’t found any option in SD to do a copy or link.
Any “paint” type software will work. Anything that works with pictures.
StockCharts has a link but I haven’t used it yet. The last time I used it, it didn’t work correctly.
You should have MSPAINT on your system if you are using a PC with XP or above.
http://graphicssoft.about.com/cs/general/ht/winscreenshot.htm
Thanks String, I’ll work on it tomorrow. Headed off to play tennis and just wanted to check e-mail and this blog before I left. What time frame are you talking about here? Daily or weekly holding periods?
George
I can export a chart real easy out of SD. I will do one tomorrow. I didn’t know how to upload to tinypic. I will figure that out tomorrow.
Tooth
I want you to set up a daily chart with these params. What we will talk about is using a Weekly chart as a trend chart, and the daily as an entry chart. Both will have the same TA settings.
I can drink a lot of beer watching the ponies run. Turf Paradise is a beautiful track. There must have been 1000 doves flying into the infield the week I was there in Nov. Sight to behold.
String
Stringm,
Hey, I did find how to export SD charts after you said you were able to do it. However, it only does one, it won’t copy the three on my screen.
I then saved it to my drive as xxx (it will add the suffix). Then crank up tinypic.com and click on “Browse”, find the “xxx” file, click on it then “Upload”.
K,
Thanks for that link. That’s what I have to use because of my unconventional screens.
Stringm,
Thanks for the “Grandpa” – yikes, I didn’t think of it that way.
Tooth
String
George
I uploaded it, now which url do I use to post?
String
[IMG]http://i42.tinypic.com/140ylvb.jpg[/IMG]
Stringm, use the bottom url
Just copy and paste
Ok so this ain’t working for me, it doesn’t mean I am stupid!
Copy/paste didn’t work?
http://i42.tinypic.com/140ylvb.jpg
BOOYAH!!!!
George
That was the last one I had not tried, I guess I am stupid.
String
Nah, it took me several attempts to get it right. Just the learning process.
Hey, that DMI looks like my DNA!
I think I see what you’re getting at with that chart. There is very good symmetry and confirmation with those 4 Amigos.
Tooth
Now that I have looked retarded, still look at the chart I have posted. Look at the red crossing up the green lines. Look for them to all go close to the same time. Look at the crossings when StocK has been below 20. Do you see when you could have bought buttloads of INTC and held for 3 days and sold ITM call options?
String
Stringm,
I’m going to plug those in when I get time and play with that. You’re on to something. I hadn’t thought of using DMI before because it has always confused me, but that chart paints a good picture.
George
My paint chart I saved is way more clear on my desktop than what the tinypic url is. Should I upload again? It is like it lost half of the digits.
String
String,
Good one!
Only thing i would have done different is reversed the colors
Green crossups = BUY.
K
The market always works in reverse to what you are thinking!
String
Stringm,
I thought it looked good.
K
BTW – The ciabatta was a big hit. My daughter and son-in-law were here and she ate more than she stand. I think I can do better next time. Like always I didn’t follow directions. I thought if it sat overnight it would rise to much and I woud be busting it down to take it out after 12 hours. So I put it on the stone before I went to bed. It spread out quite a bit, not up, but out. It still turned out great, and it was simple to make.
String
I like a good cooking ending. I’m going to try fixing that. See what K has started?
Chef K
George
Well for Pete’s sake, I am stupid. I finally figured out to zoom in on the pic. It would be hard for folks to believe I used to be a Telecom Engineer wouldn’t it? Oh well, getting old is not for sissies!
String
Stringm,
The Ciabatta is not supposed to rise. I left mine 18 hours then reworked it a bit this morning, left it for 2 more hours and then baked. I did half of it by adding herbs on top and it tasted good.
all thats left from mine are two tiny strips. 6 people devoured it and loved it
Oh and George, I boiled another egg today. mini pot 5 minutes till it started to boil. turned heat off and covered with foil. let it sit for 15 mins. emptied hot, a batch of cold water. emptied it too refilled. left for 5 mins and after peeling….. YUMMY YOLK! took me 3 tries but wow that was the best boiled egg i’ve had in years!
Chef K over and out.
CHeck back with me on Monday when We fry wall street skunks.
Ciabatta,
http://i44.tinypic.com/im16s4.jpg
K,
That looks like professional bread. You’re in the ‘dough’ now, dude.
I’ve marked up a chart to post. Using Stringm’s new method of getting a pic from SD saves me 1 step in the process.
Here’s SSO daily and my interpretation. I think this is very bullish. See what you think.
http://i43.tinypic.com/20goemt.jpg
George
I still am down with this head cold, so no church. I will be interested to see what SSO does as it approaches the black line.
String
http://i42.tinypic.com/1q4o0h.jpg
George
Do you live in “The City with a Heart” outside Charlotte?
String
Stringm,
Sorry about your cold. I take Nyquil, and while it doesn’t help my cold, sure helps me sleep. You have to show an I.D. here to get the stuff.
Nice chart. Yours come out bolder than mine which could be a screen setting either in the software or computer. I’ll check that because I’d like mine easier to see.
String or K,
I’m headed to the grocery in minutes; Can I have the bread ingredients? I’ll get the instructions later.
Stringm,
I’ve not heard of a city with a heart. I live in Monroe, NC which is now an extension of Charlotte. This place has really bloomed here in the past 20 years. It’s the New Atlanta.
I just fixed brunch. Scrambled eggs, fried ham, grits, and toast with jelly.
With that said, I’m going on the Southbeach Diet next week. Cutting carbs to the bone for awhile, then in moderation after dropping 10lbs.
I figured out that the time I spend doing exercise takes about 2 years of my life. It probably extends my life that much so I’m breaking even. The only real benefit is dying healthy.
Bessemer City – city with a heart
Mitch
All pourpose flour, salt, I used a dash of olive oil, but recipe doesn’t call for it.
String
One more post before I run the vacuum.
It seems that each time a child is born in an extended family, one person leaves that family (dies) within a reasonable amount of time before or after the birth. So when Jacob was born, I was looking around at everyone and wondering…
Turns out that Jacob’s grandmother’s sister died the day before.
Such is the circle of life.
Thx String. I have that on the ready. The last home-baked bread I had was from a Moldovan and his wife. I played soccer with a group of foreign exchangers and he treated me to some bread.
I didn’t know Bessemer city had that motto. Yes, outside of Gastonia where the crime rate has always been hgh. I’ve not been there but I have gone past it many times on I-85.
Mitch
K posted this friday
http://www.lifehack.org/articles/lifehack/kitchen-hack-one-minute-ciabatta-bread.html?
Here is a quick video of how painless it is to make (granted it takes nearly 24hrs
)
http://www.youtube.com/watch?v=YX_6l2bmvQI
apple getting whacky.
http://www.techchee.com/2010/03/14/apple-will-replace-dead-ipad-battery-with-a-new-ipad-for-just-99
K,
Thx for the instructions. I forgot the yeast at the grocery. I can’t wait to try this though.
K,
That’s typical Steve Jobs. iPods are designed to self-destruct if you have the temerity to try to change the battery. Mr. Jobs wants your money. All of your money.
Matt
http://www.ritholtz.com/blog/2010/03/your-mind-and-your-money/
Its flooding here so im staying inside
hence videos are my entertainment..
Matt,
) Mp3 I got Sony, computers Dell, phone RIMM (although Android is next on my list)
new iPad instead of replacing battery is whats keeping me off from wanting to buy it. and thats one of the reasons I have never owned an apple product. (shocking?
K,
Well, I like the iPod, but I have learned how to change the battery just to spite Steve Jobs. A couple of iPods had to die on the operating table before I got the procedure down, but it was worth it. The innards are about as durable as tissue paper. When it is time to retire an old iPod, I smash it into little pieces with a hammer just to deliver a little backlash to Apple. It’s very gratifying.
Matt
Matt,
You don’t mail Apple the pieces?
George,
Their engineers would reassemble it and sell it as refurbished
http://news.yahoo.com/s/afp/20100314/ts_afp/mideastdiplomacyusisraelaxelrod_20100314150723