Dow 13,875 Naz 2690 S&P 1560

A little history while I wait for the money to roll in off my new shorts....



...Cabrini-Green's miseries, residents endured rat and cockroach infestations, rotting garbage in trash chutes (once piled up to the 15th floor), the stench of urine and insecticide in hallways, malfunctioning elevators, graffiti on walls, as well as problems with basic utilities, such as frequently bursting pipes. On the exterior, boarded-up windows, burned-out areas on the façade, and pavement instead of green space--all in the name of economizing on maintenance--created an atmosphere of neglect and decay. The high "open galleries" proved to be dangerous, and the Housing Authority for safety reasons enclosed the entire height of the buildings with a steel mesh, which increased the perception that the residents were imprisoned.
 
Quote from duard:

A little history while I wait for the money to roll in off my new shorts....



...Cabrini-Green's miseries, residents endured rat and cockroach infestations, rotting garbage in trash chutes (once piled up to the 15th floor), the stench of urine and insecticide in hallways, malfunctioning elevators, graffiti on walls, as well as problems with basic utilities, such as frequently bursting pipes. On the exterior, boarded-up windows, burned-out areas on the façade, and pavement instead of green space--all in the name of economizing on maintenance--created an atmosphere of neglect and decay. The high "open galleries" proved to be dangerous, and the Housing Authority for safety reasons enclosed the entire height of the buildings with a steel mesh, which increased the perception that the residents were imprisoned.

This is where I learned to trade. On a patched together Commodore 64.

Ahhh, good times....

Every night was like the 4th of July.

cabrini1.jpg

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Is that really you on the 7th floor.

When somebody asks "What does it take to be a good trader."

Being schooled at the "Green."
 
Quote from duard:

"Top-Ticking"--- A maneuver whereby new highs are sold scaling into a short position.......

Today was top-ticking perfection personified. Anyone top-tick to a nice afternoon profit?
 
Quote from duard:

3/08/07

Here little cow cow. Here little bull. This way bull it's nice in here. Come on big fella.....


Into the slaughterhouse. The guy with the big club behind the one-way gate is just waiting. That big building behind the gate is the meat processing plant.


Don't fool yourselves. Gotta get enough folks back in before we ratchet this market back down. The real question is do we form an inverse head and shoulders and rally from there not if we retest the lows IMHO.


I'm wrong alot so go ahead and buy, buy, buy...


Disclaimer: This was directed to long-term positional traders. Days will rally hard and they will sell-off but the market changed direction until proven otherwise and many institutional traders know that.....

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With any luck this could turn into a real bloodbath.

Give it time as the carry trade unwinds further and sub-prime infects the big houses.

GE has been in a solid downtrend as has the broker-dealers without significant bounce since before the first sell-off.

If this catches momentum AND has another solid catalyst then we can turn this into a 10-20% correction.

I don't think the bottom is in yet. Seems like we sell-off tommorrow morning and then rally. Rattle around until after options expiration then boom another leg-down.

The volatility is very nice......
 
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