Disclosure: No position but might try and make 3 brazillian dollars on a quick short. I would not look any further than 52 on the downside and expect 152 on the upside. For the time being, do not look any further than 918 (on the downside) in the SLP242; I don't like what I'm seeing in some of the charts and various sectors. I knew if I drew enough scenarios one of them would be within 30%. I think I will throw up a few banners ads now and start a subscription service called ThurgyStreet.com with my super secret toolbox of indicators (tongue in cheek). I will say they aren't as good as that oscillator Cramer claims to 'pay gobs of money' to S&P for. No way they can compete with Doug Kass' ability to nail Fibonacci retracements,...[re-]calling them a week before it happens. Cramer is nearly as good as Goldman ("Newman") and you would think they came from the same school of thought. It's good that we can have this "knowledge" disseminated by CNBC.
Speaking of GE. Please tell me that you aren't paying Dennis Kneale's "producer" (wtf, rofl again) with my TARP wampum? Don't make me `wittle a WOODEN ARROW SHAFT out of beech-wood, Focker' [**]. Son of a ....When is my tommy gun coming in off ebay [**]
Sorry for the rush... Posted this from GE Airfone. I'm feverently (compiler error line 1) reading the dictionary right now to prepare for a job interview at the Treasury. Will report back later. Going to try this 'kill them with niceness' fad I've been reading about. I know about the kill part but this is the first I've heard of that other word.
[**] Geithner, this was supposed to read "baseball bat and disco ball". However this was not directed at you. A lot of people call bankers "self-serving-greedy-bastards" but I could not disagree more. Who could not admire your thriftiness. You are willing to rub elbows with the "common folk" at Walmart going to pick up your copy of Turbo Tax. I must say if only half of Congress would follow your example the world would be a much better place. And for this we owe a lot of debt and fortitude.
Toa chie,
Thurgy-thurg
PS. If you happen to miss the big red warnings when you are doing your taxes then look into the Audit Checking feature in that bad-boy next time. It's deffo worth the look!
(Update1: 1:15pm Somewhere over Northern Va):
I hear they will be taking down three of the WOPR T2 clusters tomorrow for maintenance and it's looking like we might be without 242 of the heaviest components in the indexes. As a result it's a good chance the index falls back into the thermosphere near 918; the same friction point that was once resistance will now serve as support [in what leads me to believe the last lunge to 980?]
Not heart charts; Gut pulls into the lead...
Not positioning short this market yet (Those little Q's puts I had now have a shiny new AAA rating in the Maiden II fund. Now who's laughing?). I can see it in the DXY(mind boggling chart, and shows another smaller leg lower [*perhaps after the market pullsback to that 918, not sure, 50% chance I'm right]). I will be in and out of trades but that "gut indicator" is forecasting more stocktwit pain to come as they chop-churn their accounts into net-debit when Trader X at the BNYM/FRBNY sits on the 'Buy 1000 /ES button' sometime around 3:58pm (and dumps to some poor computer around 4:01. which forces a run-up of 10 or 20 points offloading to the stocktwits, who made an informed decision around 4:14:59 to swing long as a result of the late day buying frenzy...Only to find out around 4:30:01 they opened down a smooth 4 points because WOPR went into sleep mode.
[Update 2 (sent from blackberry) Baggage Claim 2:40] Wait for the /NK to maybe hit 10,000 and have a look at positioning. That's been the stopping point recently for all indexes. I'm not making a bullish call just futhering the reason I'd rather watch now with some long/short trades in between. YMMV with your style.
[Update 3 (sent from wireless connection) Lobby (after closing bell) OMG, ROFL. Not quite 4?? down but still worth a LMAO. 'twits capitulated, time for it to run up and see if they can lure them in.]
Chart times are local to exchange (Central),
[Update 242] Being escorted down an alleyway by two large gentlemen in black suits. They say his office is this way but it's kind of dark here. Wish me luck!
