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Oh, yeah. This bailout thing is a huge wealth transfer scheme.

Trudat.

Trudat. And some of the other floor traders that show up occasionally. The anchors seem to be good indicators of the herd. When you see them bust a blood vessel on live TV you know the bottom is close.

Alright!!! keyword: Cramer :D Oh here's some more that didn't work. It's crazy. http://elitetrader.com/vb/showthread.php?s=&threadid=137201

I remember his BUY BUY BUY of the tech leaders in March 2000 because they were never going down. I think some are BK now.:D

And about 2250 more points down on the Dow in this move (he says the 3000 points is .25 done.) Cramer is NEVER EVER wrong. :D

Yeah. Chart patterns and S&R are complete BS. Just silly. Feel free to disregard them for journal integrity purposes. :D

If this is EW wave 3 of 3 then projects to a min around 1050. Eyeballing again. EW'ers can correct if I'm wrong. :D

I heard the Senate is good to rubber stamp it.

Also GLD almost touched its downtrend line from Mar 08 today. This should be interesting already 5 waves up from 2001 to 100.

Progress report: 9/18 close DIA 109.97 QQQQ 41.57 SPY 120.59 9/29 close DIA 10401 QQQQ 37.18 SPY 110.97 :D

Symmetric continuation triangle on the weekly. May still have a little further to go, but close. There's also a big H&S that IIRC projected to 31. I'm just eyeballing these targets. http://www.investopedia.com/articles/technical/03/091003.asp

Chartpatterns don't work? :D

Vix going to 50?

VIX just reached highest since 98 on that dump. But T-bill rates didn't go nearly as low as last week.

Umm, isn't there a potential Wyckoff thrust setting up here? Looks like the rocket is in the gantry and the rubber band is wound up all the way. :D

AFAIK it's real. Someone should upload the audio to Utube...

Horror and moral terror are your friends. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/MpmXPmbEF7w&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/MpmXPmbEF7w&hl=en&fs=1"...

And the notes - 8:54: Okay, someone please please dial in because the hold music sounds so damn familiar but I can't figure out what it is and it is killing me. 9:00: I'm still on hold 9:02: Yes, Stairway to Heaven! And still holding 9:04 Michael Peace (?) takes the mic "this is very...

:) <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/AgHHX9R4Qtk&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/AgHHX9R4Qtk&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true"...