ApathyCentral.com Is Available

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October 21, 2008

Part of the process of back and filling. If it goes back up in a straight line the market won’t be able to fuck over the little guy. The market’s job is to fuck someone over such as joe the plumber and this back and forth movement is going to make anyone trying to hold here give up. I won’t lie, its getting hard when the expectations aren’t met and when those expectations are taking sucking time away. However, we are much higher than the major lows and the market is making progress. We had successful tests of the gap up yesterday. Well they be successful if we can climb off them and that’s what I’m looking for.

MACD histograms continue to fall even though volatility is bouncing a little bit higher today. Seems like consolidation of the move from yesterday and that spells continuation of the original move. Another item I didn’t like yesterday, but failed to mention was the exact high close. I hate it when the market closes on the exact highs or lows because during regular market periods the market will tend to reverse. It just so happens that the moves are greater now than normal – amplitudes.

A few side notes:
DZZ had its one day pullback and went higher.
The US dollar continues to move higher or at least UUP does – Giselle made a bad trade.
This market can blow me until it proves its not a whore.


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  • http://www.stockrake.com StockRake

    This market is going to drive me to drink during the day.

  • the"real"bigfoot

    Rake,
    I don't think I could have said it any better. Not a bad site BTW. Keep up the good work and save the Jim Beam for afterhours …

  • joe

    Don't worry SR. At least in this market either the bull or the bear can make $$ and even on the say day! You are still very strong in your convictions for a rally. I still see the opposite happening for each day mkt goes up/down big the previous day. The uncertainty and fear and lack of direction is still existent until proven otherwise.

    To answer you previously, I look at trendlines, 20/50/200MAs, RSI, VIX, maybe TED now. Experimenting with donchian channels which seem to be good for intraday.

    Maybe you can do a post on how you come to decide what to buy and what signals you look at? It will probably generate lot of feedback since everybody has their own style.

    I'm in on DRYS today, over 23 after hours. What is your target? I think 27ish would be good, but maybe 25.50 seems more realistic and then play for a pullback again.

    I like USO for a rally too considering OPEC will definitely reduce output. Plus, it is very oversold. 56-57 would be great entry IMHO.

  • the"real"bigfoot

    Rake,
    I don't think I could have said it any better. Not a bad site BTW. Keep up the good work and save the Jim Beam for afterhours …

  • joe

    Don't worry SR. At least in this market either the bull or the bear can make $$ and even on the say day! You are still very strong in your convictions for a rally. I still see the opposite happening for each day mkt goes up/down big the previous day. The uncertainty and fear and lack of direction is still existent until proven otherwise.

    To answer you previously, I look at trendlines, 20/50/200MAs, RSI, VIX, maybe TED now. Experimenting with donchian channels which seem to be good for intraday.

    Maybe you can do a post on how you come to decide what to buy and what signals you look at? It will probably generate lot of feedback since everybody has their own style.

    I'm in on DRYS today, over 23 after hours. What is your target? I think 27ish would be good, but maybe 25.50 seems more realistic and then play for a pullback again.

    I like USO for a rally too considering OPEC will definitely reduce output. Plus, it is very oversold. 56-57 would be great entry IMHO.