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[$CostAverageMAN]

Thought I would come and update the journal with these 2 pictures.

As for me. Happily retired with the wife while quietly trading to keep the old brain fresh while we travel and really value whats important in life.

As for the photos above, DRAW YOUR OWN CONCLUSION. Would be very interesting to see the whole WASH, RINSE, REPEAT cycle play out.

$COSTAverageMAN

 

[coolweb]

retired? lol ,
Your trading skills are like 1 in 500,000
You can never retire! The stock market wants your ass back.


note to newbies: $cost is the guy you want to study. The guy's timing is impeccable.

 

[jas587]

Hey Cost! Good to hear from you! Looks like history is repeating itself. Thanks for the update........and hope that you are enjoying retirement...

jas

 

[$CostAverageMAN]

61.8% Fibonacci level for DJIA was 11234.56. Traded around it yesterday. For the SPX well we got close enough. Only time will tell, but you got my warning.

 

[$CostAverageMAN]

Derby Day:

Boxes:

1. 1,4,10,16,18
2. 2, 6, 8, 12, 19
3. 5, 7, 2, 16, 14
4. 2, 1, 10, 7, 14
5. 4, 7, 12, 16, 19

 

[$CostAverageMAN]

Oh well.

4, 2, 10, 9 for the Superfecta

I had 4, 2, and 10 all over just not all together. I needed more combos

 

[$CostAverageMAN]

“Oh what a tangled web we weave, when first we practice to deceive”

Sir Walter Scott.

Thanks Coolweb for the compliments.

I'm getting to old for this. ZIRP, TARP, HFT, FINREG, Sovereign defaults or bailouts (who knows). I can go on and on and on, but then again it does feel good to come back and write in the old journal from time to time. Is this the start of something big? I'm not sure, but I do know that I'm saving a small fortune by going into cash when I did and hopefully some of you followed along or at least lightened up.

Risk on, Risk off, Algos on, Algos off. Nothing like just market ordering huge blocks into those algos and pissing them off at the tops...HEHE

$COSTAverageMAN

 

[tommymoose]

I come back to this website pretty much exclusively to hear what you have to say Cost!

Very nice call on the similarities to 1929-1930. I had the 1220-1240 zone charted for months now, but your post served as nice bit of confirmation it was time to lighten up big-time. Thanks!

I know I'm not alone when I say I appreciate your little updates... Keep 'em coming whenever you have the inclination to write something

 

[$CostAverageMAN]

Cinco De Mayo Fat finger trade.

Like I said earlier HFT and ZIRP leverage allows some serious Margin calls that blow out any bids that are trying to support.....

Cost supported the market there during the panic....Something about sitting on that much cash and watching things blow up in front of your face make me get greedy. Panic selling always allows people like myself to step up an purchase anything off 10-20% on large cap stable companies.

Back to cash at the close.....

$COSTAverageMAN

 

[$CostAverageMAN]

My thoughts is that it was forced margin selling by brokers on their clients accounts, because price was something they just did not care about at all. If it's your money you care about price, if it's not well any price will do....

Well when the ES dropped over 50 points in just a few minutes any Long ES holder most likely could not meet their maintenance margin and to meet his margin call their computers just started liquidating accounts...This happened to probably thousands of retail investors and trading desk all at once.

Just my thought's, but yes it probably all got started by the index arbitrage on the YM with PG big dip.

$COSTAverageMAN