Comments on: Thursday’s Trading – 12/10/09

By: Mitch

Mitch — Fri, 11 Dec 2009 03:57:15 +0000

phil,

You said:
“mitch…remember we discussed test/break of TLT low @ 87.55?”

Yes! I remember that. Bonds and financials have been in a slow fade . . .

By: Mitch

Mitch — Fri, 11 Dec 2009 03:43:32 +0000

George,

Thanks for the chartpic. Today’s candle looks like a spinning top with a short wick and even shorter tail.

By: George

George — Fri, 11 Dec 2009 03:38:08 +0000

By the looks of the ‘holytaco” (where DO you find these things?) website, you’re preparing a long-range plan.

By: George

George — Fri, 11 Dec 2009 03:35:29 +0000

phil,

Good link. Tks

By: George

George — Fri, 11 Dec 2009 03:34:52 +0000

Mitch,

Here’s the SPY chart in pic format:

http://i46.tinypic.com/2qdmtsj.jpg

By: George

George — Fri, 11 Dec 2009 03:30:31 +0000

This daily SPY chart is getting interesting. I believe I read somewhere that price will make its way 2/3rds of the way in this pattern before it breaks. A few more days should do it.

http://www.freestockcharts.com?emailChartID=3185f682-744e-46a8-a04a-807d92d84a18

By: George

George — Fri, 11 Dec 2009 03:21:01 +0000

Kailash,

There is too a Santa Rally. Either the underlying or the inverse will go up.

Have you hugged an Inverse today?

By: 'K

'K — Fri, 11 Dec 2009 02:42:50 +0000

Santa close rally? People are selling their short stocks for a loss at the moment. After new years they will buy them again. Opposite with stocks. They will cash in profits and use the money to go short

By: Kailash

Kailash — Fri, 11 Dec 2009 02:24:24 +0000

There is no such thing as a Santa Claus Rally -- that is to say, not until after Christmas! In the meantime, there's still lots of time to tank.

By: phil

phil — Fri, 11 Dec 2009 01:50:38 +0000

2TH FIXER http://www.optionpain.com/MaxPain/Max-Pain.php