Action taken 9/24
09-24-2007 @ 10:17:45:PM
Mine is not to reason why, mine is but to do or get a margin call! Some days I hate trading, my best ones usually make me ill - the trades that feel great when I put em on usually cost me money.In the morning i'm shorting the fxi - god help me.johnrshoup@earthlink.net
Shoup's Law 9/23 Options
09-23-2007 @ 06:01:25:PM
If it can expire it usually does worthlessjohnrshoup@earthlink.net
Fearless Forecast 9/22
09-22-2007 @ 09:25:14:PM
Well children I guess it's time to hoist the Black Flag. Most markets I follow are in very bearish formations (rising wedges),the short interest is down dramatically,margin balances have contracted at record levals and the two dummey rule has kicked in.
The Bears have been exterminated. They have been driven from the market in sheer terror by fed rate cuts and margin calls.Their departure will possibly be for a generation. They haven't just been hurt they've been wiped out therefore the cushion they usually provide has been removed.
I expect a quick retest of dow 12,000 then I'll take another look.

johnrshoup@earthlink.net