Trick or Treat 10/28
10-28-2007 @ 08:27:39:PM
"Even the pure at heart may become a wolf when the wolfbane blooms and the autumn moon is bright." Ok so I'm a moonie but the full moon does bring out the nuts and the speculators. Every hi is higher - every lo is also higher - it's a hot money hipshot stockmarket working a rising wedge formation. We're all waiting for the fed to give the drunk another drink. Patience is frustrating but it's the only sane strategy one can use in this enviroment. In case you didn't understand what I said - sell and sell short in scale. Emotionally gird your loins for a long troublesome siege.
Thoughts 10/21
10-21-2007 @ 09:39:34:PM
Words do'nt create facts but last week Mark Haynes(CNBC)really dropped the bomb when he said "What's really going on here is hard to figger out!" It's true sometimes the more you think the worse it gets! Has anyone seen the hog lately?
Party on Hog
10-07-2007 @ 09:04:02:PM
14,000 & change redux. Haven't we been here before? here we are at a new high in the major averages however this time the advances/declines,the advancing/declining volume, and the hi/lo's are all flagging badly.The wall of worry has been replaced by the land of milk and honey.The Nyse,s&p 500 the nasdaq comp,and the wilshire index have all completed major broadening formations. Do you remember the scene in starwars when they blew up a planet and all you could feel was millions of silent screams well that well described the 3:00 trading friday as the shorts covered in terror.Party on hog.
The Hog Skates On
10-02-2007 @ 08:33:32:AM
The Hog skates on - how far can a hog skate over thin ice? I don't know do you? Sure the Hog knows he's fat and he knows he's skating on thin ice but yet he skates defiantly on. Maybe it is really different this time. Perhaps the Hog is made out of a super light foam or the ice on which he skares is really some super strong synthetic material- maybe it really is different this time. Maybe we've entered some alternate universe. PS covered the fxi short for a whopping $87.59 loss.