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Yes, remember that this is supposed to be cooked outside, nothing like a hot grease fire on Tday. I wonder how many will use this inside this year? :)

My whole board is green, turnaround tuesday. By the way FNM is a GSE (government sponsored enterprise) for those that don't know this; this means they can't go out of business unless the govt. makes them. I think long term this is a great investment to scale in, but this is for a muti year time...

long xlf and fnm as well, watch for a gap fill for fnm, good r/r.

out $144.80.

long spy $144.56 small trade. $5.00 stop.

Good trade, exit early in this market.

Speaking of turkeys, how would you like to be an accountant at this firm. http://finance.yahoo.com/q?d=t&s=FNM:eek:

http://www.moneychimp.com/articles/risk/riskintro.htm

Maybe we should send delta force Rennick, armed with a case of Old Milwaukee, no holds barred!!:cool:

Man you be reading my mind. Can you imagine him backing you up in a street fight? :p

1380 anyone?

better link: http://www.reuters.com/article/ousiv/idUSN1945544220071119

today's big story, GS very prominent in the news lately. http://www.marketwatch.com/news/story/story.aspx?guid=%7BD020EA85%2D3142%2D4119%2D935C%2D49ED154108A1%7D&siteid=rss

LOL

True, he theorized that 45 degrees was the correct rise and run for a bull market, reverse for a bear. I like to see where the market corrects to on the scale; it is no more predictive than anything else, but I find it useful for velocity of the tape.

use a gann fann, 45 degree angle etc. His price/time theory makes a lot of sense. The wheel of nine I don't get.

spy monthly , wave 4? set to 20% retracement. This is called zig zag pnts in TS. (tradestation). Allows you to adjust your trendline to short or longer timeframes.

fade those gaps!!

This must read was penned by the great Lao Tse in the 6th century BC. Very relevant today. Peace. http://www.sacred-texts.com/tao/taote.htm

Remember these guys had an advanced culture when the greeks were throwing spears at each other; you have one giant paint brush.