Lets start out with the Ugly.
- Dow down 800 points at the lows of the day.
- New lows vs New highs were extremely lopsided
- VIX, VXN both made new highs.
Now the Bad.
- We didn’t see capitulatory volume.
- Market rallied way off its lows.
- I had to eat 8% loss in the NDX and 7.4% loss [...]

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I’m watching and waiting for tails to develop in the indexes, the VIX, and the VXN.
I like to talk as if you can already visualize the charts and that I don’t need to repost them, however, I do. I look at a million charts every night (actual number), but people love to see ‘em anyways. [...]

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Mine of course, but I’m a long holder till Friday. Bought QLD this morning.
Waiting on that coordinated effort from govt’s around the world (tapping foot rather fast now).

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As I’ve already posted that I’m long heavily. It is therapeutic to talk your book. Everyone does it because everyone is typically nervous about being wrong to some degree. During these times those feelings are heightened a smidge. A gap down open is what I need and what I want to see. It spells temporary [...]

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I bought the market today heavily. I bought UWM, QLD, and QLD October 49 calls (bought them early and I bought the strike I didn’t want). I bought the calls in a frenzy lining up other trades and realized I got the strike I didn’t want, but I’m sure its going to be fine because [...]

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I’m heavy long. More later. My setup has arrived.

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Wells Fargo has upped the bid to purchase all of Wachovia for 15 billion. Wells basically said, “I ain’t your pal, dickface,” to Citigroup.

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I posted about being in the inverse etfs FXP and SDS, but I didn’t post that I took medium sized short trade at the Rydex 10:45 window in the inverse spx, inverse ndx, and inverse rut funds. It was an ultra risky play considering the NDX was already down 6% at that time. I was [...]

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Bought FXP @ 95.61
and SDS @ 72.34
In case you don’t know, these are inverse etf’s.

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The SEC has just guaranteed that market volatility will continue for at least 11 more trading days.
“The U.S. Securities and Exchange Commission (SEC) Wednesday extended its ban on short selling of stocks for a number of financial institutions.
The SEC announced that its temporary prohibition of short selling in the financial companies would be extended beyond [...]

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What a fucking crock. This bailout has been upped to $850 billion from $700 billion. In the beginning I was for a bailout, now, I don’t want to see this bill pass. An example of what was included in this bill, “Exemption from excise tax for certain wooden arrows designed for use by children.”
Don’t believe [...]

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I took my index long off this morning. Its going to be another loss, but this position was even smaller than the last, so not much damage at all. Bought a fresh piece of BWLD @ 40.94. I rolled my index long over to the double dollar fund: RYSBX
This is the Rydex version of UUP. [...]

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I flipped my short for a smaller long trade that I plan on exiting tomorrow if the upside continues. I’m still in awe of the daily moves in the general markets. It looks like a 3.5% and 5% loss from the morning trading window - that really blows, but it wasn’t a heavy position, but [...]

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There are many options to for leveraging up a long trade and one of the new popular ways is to use leveraged ETFs and Mutual Funds. If you have followed this blog for more than a few months you will know that this is majority of what my trades are involved with.
ProFunds
Indexes
DDM - Dow
QLD - [...]

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I went short this morning, trying some SDS, but quickly dumped it as the market broke up to new levels. After seeing the way the market was acting, I wish I hung on, but I didn’t. Instead I threw on a larger short position in the index funds at the 10:45 window. Looking for a [...]

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