She be commin' around the mountain.
Take this with a grain of salt, a friends mother died last night and general steel went with her causing stoney much confusion. Am I feeling bad about one and can't stop thinking about the other or vice versa? It's raining my body parts all ache and I've got to drive two hours shortly.... still you can see it... UGLY WEEK NEXT. When you have a short term bear view you start searching for comments that match your mood I found this from technicaltrading I have no idea who they are but it reads nice if your grumpy-
The VIX closed below the bottom Bollinger Band Thursday, putting it in position to generate a pretty rare and reliable "sell" signal. We show this chart tonight. Once the VIX rises back inside its Bollinger Bands, above the bottom band, we will have a "sell" signal on the Daily chart. The last three times this occurred was late February 2008, late December 2007, and late September 2007. Prices fell substantially starting within a week or so after each one of these signals. We believe there is an excellent shorting opportunity coming over the next week or so, for those with high risk appetite. For conservative traders, be aware a multi-week sell-off is coming, and you should prepare for that, either being willing to stomach it, or lighten up a bit, raising some cash. Something else that is interesting Thursday: Our Secondary Trend Indicator rose to positive +23. The last time it was that high was February 26th, 2008, which was promptly followed by a 100 point decline in the S&P 500. The previous time it hit a level near 23 was October 9th, 2007, at 24. That was promptly followed by a 150 point drop in the S&P 500.
As a stock addict I still managed to buy one today ALKS I hate myself so but that's part of the game.
Doubt Hate Fear Regret why do they have to raise their ugly heads? There's a dam in China about to blow water all over their plutonium stockpiles. Afganistan is going to be the first country to riot for food... more to follow... it feels like the polar bears are dissappearing or something very end of world all the sudden... EVERY TIME I DRIVE MY CAR I PAY $50. Once a week on the weekend- $50. All this tingly feeling may be the precurser to another debt shock, I fear it is... it can't just be this Kush that's making me feel this way...
I don't usually burn out until July.... but maybe the pressure of buying a second home has brought in on early.... I'm up something gaudy this year 16% or so while the market is down 10%, the laws of averages might catch up to me here... reverting to mean... I think it's safe to say after a short pullback small caps will roar... we are setting up for that.... because russell has made a high... but the big divergence between them and the DOW is concerning to me... And I don't want to get trapped in a series of round trips. I have done that before folks that's not a good place to be mentally... nor is seeing a lot of stocks get away from you.... I'm feeling options have held up the market this week and at the very least it's 2% down next mon tue.... a flurry of bio love.... and down again... end of week... bad close fri.... earnings done.... what's next? long wait until fed meeting... Shorting Retail 2X Ultra as an index- I'm sure it's out there. If someone knows the symbol would they drop it here? Thanks
I fear the economic picture is not good. 1.5%-2% for an extended period compared to say Germany right now... not good... As for all this overseas growth... we shall see~ stoney
