JoeJustJoe's Blog : ESLR 4 Gino

Joe, can you exhibit a little more stealth when getting into YMI. I noticed your buy today. I said to buy but not all at once GEEZ ! :-)

Cheers

Owl

It's be "nice" ifn that POS closed above 1.50 taday. "Perhaps" it twill qualify fo play right cheeeya. Ifn not tain't no big deal since thurs plenty ov udders. :-) Too bad you wuz too skeerd to buy in real $$$, huh? Like I always say >>> Oooooh well. >>> :-( 3J

Haha .... I don't feel the need to reveal my specific trades to you, however, you will remember whenst I was telling you to buy closer to fity cents.

You never bought, so yes, its an oh well for you. Maybe it will pull back to a dallah, whenst you can enter long for once. This means you could try shorting it here, ... now that is something I would be too Skeerd to do.

There is no news on this recent buying activity, so maybe the NIMOtuzumab is more effective than erbitux. shhhhshshhsh ... in which case based on current market cap, the stock is very cheap for someone with a LONGterm outlook.

It just pulled back belowst $1 dallah after trading up to this genrul area in the past 10 trading daze or so. Thaas how I know you never owned this POS cuz ifn ya did you "woulda" noticed the move to 1.29...and then you "coulda" said you took profits at like 1.25 befo it fell back into the .80's. But ya didn't...cuz ya didn't. :-) YMI still has a date with the .20's just as Shirley as HGSI has a date with the .30's. Tain't nuphin new about a steady flow of idiots being available to git thur axes kicked cuz this er that thur stock happens to be the "idiot flavor o'the day" ...That's the way the markets werk. :-) 3J

You might be right in the long term. However, in the short term you are bankrupt.

Is there anything you like long, or are you just a short kinda guy ?

I like the shorts long...getit? :-) 3J

JJJ

How's your GS doing? Another miss by just a joe....what else is new............

GS is doing eggZack'sly as I "expected" it to do. How's your new buy in STEC above $39 doin?...and even Mighty mo impotently....would you have dunn did it ifn TB didn say it "could" werk out for ye? :-) 3J

Almost missed this. Thanks 3J.

Got a question. I'm trying to learn how to use the DMI instead of the Accum/Dist indicator on my charts. In your "how to use 3J's trendlow" you said the ADX line needs to be at 60 or better but whenever I look at a chart it's way down below 40. Do I have the settings right?

Here's my chart for ESLR



Dang it. It's too small again, can't see the detail, can you. Oh well, I'll have to figure that out too. I'm using the Wilder's DMI (ADX) set to 14 on a weekly chart.

I generate my ADX 60+ readings on the 10 day chart at Bigcharts. Using a weekly chart will limit the readings. 3J

Ahhhhhhhhhhh, that explains it. thank you sir.

I'm getting to like that DMI though, more info than the Accum/Dist indicator.

Yepper, DMI is one o'the best indimacators available...vital actually :-) Sssscheck out what it be sayin bout Lehman Bros just this past week....new trading symbol is LEHMQ :o Thaaas right...price was up 200% jist on Fri alone! Watch out GS...they's comin ta git ya! *-) I'm wreckin Hank "Uncle Fester" Paulson bees shakin in his shoes. :o 3J

I'll tell ya what....this dawg that is ESLR "had better" get some relief reeeeal soon or else a new n improved n lower trendlow will form and I will be forced to lower my "zone of influence" yet again. Now at 1.67 and the selling has been "muted" so my "guess" is that it twill get relief...leading the ADX line to pull in...leading to a buy signal....leading to the final caterpilleritulationary selloff toooo >> > the "zone" ...gulp! TB, you "might" wanna sssstick to buyin tops...at least you git yer "standard" 2 to 5% that way :-) Oh yeah...ifn TSFG holds the .96 area on the next selloff methinks I can rexscue yer sorry azz on thatn thur sooooo....wish me luck! *-) 3J

ESLR did put in a new n improved n lower trendlow today at 1.67 so it now has a future date with closer to $1 dollah>>>> :-( That said...the move to 1.66 confirmed the 1.67 low so it "might" rally. But ifn the solar chit can't get offa its sorry azz whilst Earl is trading up above $80 dollahs I doubt the prospects are gonna be that GOOG whenst Earl is trading $20 dollahs per barrel less next mumph. I "guess" we'll just hasta watch the airlines for clues. Thaaaas right...the FooKing airlines are dumpin all of a sudden as Earl is runnin and the airlines at one time needed higher fuel costs to rally as you all know.....just like the solar chit ran in tandem with Earl at one time. At least that thur makes sense. Ifn the airlines can rally on falling Earl..."maybe" the solar chit can too. Does this make sense to ya sheeple? It shouldn't! :o 3J

Holy ssshniekies! yet anudder new n improved n lower trendlow today from 1.47 to wherever this round o'selling stops! :o And I thunk solar was "sposed ta be" fun! :o 3J

This new trendlow in ESLR is now complete and runs from 1.47 to 1.40. I won't dare axe Bull to gonkulate the "zone of influence" after the way he butcherd ETRM yestermaday :o ....but I will update this blog as necessary as we ride ESLR aaaaall the way down like TB is gonna do. :-) 3J

That was just mean ;-)

Didn mean ta hurt yer fellings thur, Bullski. I 'shoulda" mentioned that you weren't quite drunk enuff yestermaday whenst ya wuz giving the ETRM chart a looksie. ...sorry bout that. :-) 3J

No Bother ;-) I think you need to get better glasses the trend low runs from 1.48 - 1.40 ifn ya look close enough that is ;-) so the Zone would run from .93 - .88 .. OOPs sorry ya didn ax me lol

Fugg the top o'the trendlow...we only care about the low end price and here bees sumphin mo intrusting bout that thur...ESLR didn't even trade to 1.40 yesterday in reggy hours trading (1.41 was the low)....but the 1.40 low shows up as the low on the chart. So who am I to argue with Manny? :-) I get .98 to .84 for my "zone" on ESLR...but I'm gonna be off by .04 centavos on thisn. :o BTW, look at the chart on ESLR right nooooow. It shows a high today of 1.58ish...it "really" only traded to 1.52. :o The windup? >>>It is best that you just take my advice and drink more heaily...trust me on that thur. *-) 3J

Ah I am only fuggin around joe.. I got all giddy with the GDP news .... And now I am about to start drinking heavily ;-)
Take care
bulld.

Yeah...but...did you ssscheck the chart on ESLR at BigMuthaFooKingCharts.bomb anyhoo? Jist fer fun? :-) I doan blame ya fer gettin giddy bout the GDP news....that's what the GDP news wuz thur for afterall :-) 3J

Yea I had a look, what am I lookin for, on the one month chart it shows ESLR at 1.41 low yesterday. Possibly the 10 day guy spilt somethin on the chart ??

Whats goin on with FAZ eh whoot .. You shorting FAZ eh .. Did you press the wrong button???

I wuz jist sssheckin to see ifn your chart showed a high of 1.58 today on ESLR like mine does/did. Ifn it does then it means I wasn't drunk enuff. Fergetit now...I just woke up from my nappy. As Lilnev would say >>> "Yaaaaaaawn" :-) Besides...that spike at the close doan show up no mo on my BigFooKingChart. So I'm wreckin I won't need you to proove to me that I wuz drunk enuff...but thanks anyway. *-) I chorted the ole FAZoo in funny money cuz I wuz pee-a-zissed about selling this last rally too errrly. I 'coulda" made more like $1200 dollahs in 8 daze...insted I made $500 dollahs in 5 daze. It's "OK" I guess cuz nobudy's perrfeckt...even I miss by a penny or 2 sometimes. But...ifn the ole FAZoo is gonna treat me like this then I'm gonna get nasty witit...and I certainly "hope" you doan mind. :o 3J

SUNV gave me 4k when it rallied on the first day I bailed at .142... I was pissed to see her go to .17 day 2.. and it left a mark on day 1 so I should have held, but I am happy now to see her coming back to me..

I entered AA Again, AIB, MGM, yesterday on the srtength of the GDP, they are still riding.. I am making some riskier entries with profits in otc stocks today, I might even try CIT in the .70 if I can get it

I'm not so sure you played it right by chasing yestermadaze rally. As I mentioned in one o'me postes...I believe the fokes who chased will get painfully eliminated before the final rally to take AA, AIB, MGM, etc etc higher. I'm planning on making a sizeable bet in URE meself but I am waiting for it to take out 5.07 foist...."looks like" that "could" happen today ifn one was to judge by errrrly trading. That's why I am chort the ole FAZoo here BTW. After the selloff to eliminate the rally chasers I "expect" the ole FAZoo to retest the lows. *-) 3J

Sure looks that way.. AGEN is lookin like a nice set up

To be honest with ya thur, Bullski...I prefer to stay away from .15 centavos stocks that are trading for $1 dollah so I'll just let you handle it. :-) Actually, I wouldn't even touch URE if it twasn't for the fackt that I'll need a "hedge" against my soon to be tumblin FAZoo! :o I certainly "hope" you join me on the URE trade. Wait for SRS to trade thru $11 dollahs. As SRS hit 10.87 this last time URE made its 5.07 low so I'm wreckin it'll trade belowst $5 dollahs. I'll post my entry by opening a URE long right cheeeya. *-) 3J

Some lyrics from an ole Who song to fit the occasion >>>Outta my brain it's at fiiiiive fifteeen! :-) "It" of course is URE. :-) I luvit whenst a plan comes together. Sumbudy gimme a BOOYAH! :-) Ooops! ...sorry...I guess it's tuff ta BOOYAH whenst yer panicing. :-) TB, I toldja not to do it without yer FAZ on..gulp! :o 3J

LOL.. No point in panicking...
That was a big drop DJI was down 260 a few mins ago... An there was me thinking it was gone be a happy holloween....

I told yas you were gonna git your Friday 3J! Man oh man. That's just a taste of what's comin. Burt

Trust me Burtski...they ainna seen but a "slight" preview o'my wrath. Foist I will make them screeeeem....then I will make them cryyyyyy.....in the end they will beg fer moicy. *-) BTW, ifn ya wanna see a neato chart that even I'm having a tuff time with cuz the low wuz only matched....not taken out......ssscheck out the chart on CIT now....as it is halted fer news pending....gulp! :o I sho hope that guy who bot at 1.50 knew what he wuz doin. :-) 3J

That was a big block at 1.50 he is only down about 4m dollars... thatl buff out LOL... I was in CIT when it stopped.. I am just cleaning up the puke off me keyboard now ;-)

Hey Burt how is it hangin,,
How is the baby... Did you buy a bigger car to carry all the stuff around ?

Well, I see CIT is now open and trading down whilst I was off doing some last minute panicing :-) Now at .76 so ifn it can trade belowst .73 it "might be" GOOG to go fer a duble da money....being that that "big block joker" left a mark at 1.50 ya gotsta ass-oom that numba goes bye bye. Bull, the GOOG thing about puking midday is that ifn ya puke up any chunks it saves a trip to the fridge ifn ya git hungry. Ssssthink about thatn ...but not fer too long I "hope" :o 3J

I am out of cit with a whole .04 cent .. I might get a big mac..
Did ya notice the VIX, well it is holloween after all ;-)

Notice the VIX? I "caused" the VIX. *-) The selling ain't quite done but ...."almost" :-) 3J

Do ya'll have any opinions on this one, CPF? Looks like a new trendlow was set today. Would $1 be a good point to jump in? Or how bout this one, PCBC?

Sheees when I came here first, Joe was bangin on about trend lows and beeps an confirmed an non confirmeds an spewin and gonkulations and a few would dare to ask what it all meant ... and now a mere 6 months later it seems like it is a new language ;-) give it a year or 2 and burts kid will be singin, here a low there a low everywhere a trend low, ole mcd is topped out ei ei ohhhhh....

Rothstai,
As a total newb to the system, I will give you my 5 cents worth, only so I may be corrected by joe or burt, In case I still have it wrong;-)
CPF doesnt have a trend low, the ADX never went over 60, it does however have a confirmed low, and switched into buy mode, after the ADX was leading the sell off,
PCBC is very interesting.. It actually shows a mark simular to CIT today but CITs vansihed, and should confirm that high at 1.88, but also needs to move below 1.20........Given that joe recons the selling is not finished yet, I would wait till the 1.20 is confirmed
I probably have it wrong... but I wont know unless I try ;-)

Roth, as Bullski mentioned....since I have never tracked CPF befo and I have no idea wherst the lowest trendlow is my take is going to be hit or miss but here's the way I anal-yzed it. Foist, I looked at the 1 year chart to see where the lowest nonconfirmed low is...previous to the past few daze of course. It happens to be an RSI low up thur near $2 dollahs. On the one year chart this dawg is also now selling off after a buy beep...thaaas a positive. Soooo, back to the shorter term 10 day chart fer clues. This gapola down set up minor ray-ziss-tance from appx 1.85 to 1.45 ...and then anothr area on the open on Fri from 1.47 to appx 1.37. Basically, the entire area from 1.37 to 1.85 is ray-ziss-tance but the impotent thaaang to note is that 1.37 is last support. Tain't nuphin on the chart that says CPF "needs" to put in a lower low...so Bull was "obviously" drunk enuff to get that right. The only real neggy I see is the fack that it switched from sell mode directly into buy mode and 99.99% o'the time that happens the sell mode takes back over again within as little as 1 day. That falls in line with me take on the markets in general right cheeeya. I ssssuspect we will see some relief in the markets errrrly on Mon so you can expect CPF to rally. But don't chase the rally. Wait for the next wave o'selling in the markets. CPF will pullback. Buy that pullback as close to 1.37 (which "should" hold now that price is above thur) as possible...so ifn it gaps thru 1.37 you "obviously" won't hasta werry about it...right? :-) BTW, you owe me $1 dollah now for this eggsalent o-pin-yun on CPF. Pleez keep track of yer $$$ totals so whenst you get to like $20 dollahs you can just send beer....thanks. :-) 3J

Joe whats your take on PCBC... I know you are busy rejiggering
Cheers
Bulld

Looking at pre market now.. monday morning and it looks like everyone got skeered during holloween... big gap downs on most of the chit i watch ... we might get a second bight o the cherry on LVS ;-)

Intrusting...a "last minute" spike in PCBC too...jist like wit CIT. "Looks like" the guy who paid 1.50 fer CIT ainna gonna be happy this moanin. PCBC is "clearly" showing that the 1.21 low needs to go bye bye since it is an RSI low. I'd be reeeal careful iwth htese banks trading near 52 week lows in heeeya. Ifn ya thunk the 9 banks that were shut down this past Fri wuz alot well....you ainna seen nuphin yet. *-) Purty much everybody cept one person on the ENTIRE planet was "expecting" a very bad open today....and joo know who that 1 person wuz. :-) "Hopefully" I'll git a quick "duble da muny" outta them thur URE calls I bot and we'll get the week started on a nice positive note. I'd be selling this rally...but "buyin the pullback" *-) 3J

What buy the pullback ........ joe
Hey you get out of here you are an imposter ... where is joe gone ..what did ya do with him HUH ;-)

Bull...SIRIously now...do you sssthink NE1 else at this site has the gutz to say >>> "buy the pullback" ??? :-) 3J

whats your time frame on the rally failing.. 10.02 am ?? ;-)

Just watch the chart on URE for a GOOG reference. The coming beep is gonna lead to a selloff...soooo >>> "wait fo da beep!" *-) BTW, the VIX will takeout Fri's high...that'll signal that the rally will begin again. Jist figgerd I'd anser yer next question ahed of time :-) 3J

I was expecting a little more of a whipsaw.... the VIX i thought put in a new high on the bell this morning and then dropped like a rock... soo I was expecting to get er nice an frenzied before pulling the rug...

Da VIX didn't trade thru Fri's high yet and even ifn it did on the open it woulda only extendo'd the trend high. BTW, here's anudder GOOG "spec play" ...Burtski's RTK right cheeeya belowst 1.25. You saw my play for the gaming seckter...right? :-) 3J

Well Bullski, "looks like" the "whoopsaw" has o-fish-ally begun. That makes sense as URE will need to selloff just to generate a beep. I know it go belo $5 dollahs. The majer suppote area is at 4.90 to 4.70. What I "meant to say" in response to yer initial question was that the rally was over as fer as I was concernt since my URE calls dubled :-) Time to git ready fo the reload. Got yer neck brace fastened down tight I "hope" ??? :o 3J

I see that CPF thingy made the decision eeeasy fer Rothsai. I could certainly use anudder $1 dollah so don't be skeeered to axe me what happens next. :-) FAS n URE already waaaaay neggy. A BOOYAH fer me now...."perhaps" ??? Ehhhh...let's just wait until DNDN takes out the Fri low. I promised Mack I'd do that to help him catch down to me. :-) 3J

Wowza, both CPF and PCBC getting hammered. Looks like CPF might reach $1 today and PCBC is not far behind.

I'll be reloading on me URE calls and I will also be buying 100 FAS as a hedge once she breaks belowst 63.80. I see 45%+ upside in each. Thaaas GOOG enuff fer me. Why go wit individual plays whenst you can diversify AND submersify at the same time? :-) 3J

Come on joe dont be shy ;-) give us yer take on it

Heyell, Bullski...I'm even gonna rexscue IRE!! :o So doan fergit me come St Paddies day cuz come St Paddies day yer gonna need "the GOOG stuff" to drown the sorrows of the home country whenst you see wherst thatn's gonna end up....gulp! :o But! ....can it make it aaaall the way back up thru $20 dollahs? ....once it takes out todaze low that is. *-) I'll also be eliminating me ZSL long position since the U.S. dollah is gonna top out. Not sho I'll need thatn again being that my GOOG buddie DUGgie wil be coming in plus I'll be flush with new cashola for the ole FAZoo once the low gets retested...and "probly" taken out. I just want to see anudder yaaaaawn outta Lilnev...thaaas all. We have found the IDEAL market indimacator >>>> Yaaaaaaawn. LOL 3J

I doubt it will be in a worser place than it was last year.. GULP.. ;-)
Rally on bad news take a chit on goog news... I have it now
So is everything goog over there now that the recession is over ??

Hell yeeeah! Ifn ya read the papers it taint nuphin but blue skies from here. Home prices gonna skyrocket....it doan even matter ifn gold trades to $3000 and takes gas at da pump witit...the consoomer is gonna charge up thur new higher rate and higher fee credit cards to the max fer Xmas and ya know why? Cuz the Evil Empire said thye won't be coming after teenage girls until they turn 21....that's drinkin age in most states ova heeeya ya know. *-) Spekkin o'the Evil Empire of GS....I'm sooprised Mighty Mouth hasn't paniced outta that trade fer the 4th time since he set the top. I like his new strategery of just giving up! LOL 3J

MGM is a beepin .... that big ole trend low is skeery even if holloween is over
I was surprised UUP didnt budge too much today ?
whas up there are they gona let it fall

Well, Bullski...sometimes luv as well as mass destructo takes time....and then thurs thisn right cheeeya >>> YRCW :o Maaaaayun...the fokes who luved thatn at $4 dollahs have GOTTA just luvit now I would sssthink....no? :-) 3J

I dont think they are feeling the love at the moment... probably not ;-)

looks like we might get beepage on DJI and SPX tomorrow

Hey...we could all use a little beepage right now. Beepage never hurt NE1 that wuz on the "correct" side o'the trade. *-) Spekkin o'that thur... you figgerd out what ya's gonna do ta git yerass outta truble yet? :-) 3J

I think LDK is getting pretty close to being a buy, especially after today.

No i fucking dea... the VIX looks like it confirmed and is gona head back down but it is suspect only confirmed by .05 or sumthin... trend lows all over the place... give us a spew joe , ya know ya want to ;-)
an I promise no more singin ole mcd ...

WOW! That "might be" a new n improved n lower on LDK. :o Not "completely" sure on that and I won't even bothr to sssscheck until next weekend since I know fo sho the lo needs to go. I will keep track o'the "new n improved" tho....thanks for the heads up. Let's see what SOLF did cuz ifn LDK got spalunked thur shouldn't be much fun in solar atall! :o Ehhh...only down 3% er so....certainly not fun of course...howza bout the azzholes in JASshOle? Ehhh...not even as bad...solar still sux tho. :-) Bullski.."looks like" the only 2 market direction determining playas a beepin at the close are SRS n URE....da VIX needs to take out todaze high but VXX doesn't. I promise....you will hear so much beepage tamarrah that you will pull da plug on yer microwave....otay? :-) 3J

Oh ...here's a GOOG one...Tim Horton's (THI) decided that $26 dollahs was "just about the right price" to pay for DDRX. It "obviously" wasn't cheep enuff in Nov of last year at .21 centavos...nope! Morons just drove DDRX thru $30 dollahs in the past 10 daze and a $4 dollah discount to that thur makes it "just right" *-) Are yuns sheeple beginning to see why companies like THI that are "obviously" run by morons end up making new 52 week lows eventually? Is thur any doubt in NE1's mind that THI goes bankrupt ifn this deal goes thru? I didn think so...cuz foist the morons are gonna come outta the woodwerk and drive DDRX up thru $30 dollahs again cuz $26 ainna GOOG enuff....watch. LOL Really....you doan need to be a genius to run a company....ya just need to ssssthink like Mighty Mouth. *-) 3J

Joe last question for this quarter promise ;-)
If the VIX needs to take out the high ..why... and arent the VIX and VXX more or less the same thing ..
wouldnt that be like FAZ and FAS going up at the same time ?

Da VIX is much more volimatile than VXX. The reason the VIX needs to take out the high is becuz it left a mark...just as PCBC did going into Mon...just anudder low that needs to go bye bye...thaaas all. The VIX n VXX "should" go up at the same time cuz they are basically the same thang and will trade in the same direction. FAS n FAZoo are completely opposite of each udder so they will trade in opposite directions. 3J

AHH thanks fer that ..
PCBC looks to have left another mark yesterday..

Yepper...so I wouldn go chasing the errrly rally in PCBC altho it'll "probly" be a buy once the 1.10 low goes bye bye. You "should" do sumphin to take advantage o'this final rally I will be bringin ya. My choice is gonna be a combo betwixt URE n FAS but that IRE thingy wouldn be a bad choice. Tain't no gar-own-tee that the high thru $20 dollahs goes bye bye since not all highs are gonna get taken out on the coming short covering rallies. *-) Heyell...ya can even play somma the gold n silber stocks! :o 3J

I was looking at the most speculative of them all MGM .. they are chompin to drive this one back up
URE looks goog whats your thinkin on entry ?

I'd wait for SRS to trade thru 11.01 befo making entry into URE....which "should" break belowst $5 dollahs to the majer support area I mentioned which runs from 4.90 to 4.70. MGM will do "OK" ...but methinks BYD is a MUCH better play. I ssssuspect it'll trade thru 12.50 cuz that's a "nonconfirmed" *-) 3J

BYD seems to have a bigger short position too ..
Otay im in cheers well not right here .. but I will be

Just hang in thur and wait for da VIX to trade thru 31.84 and then ssscheck the chart to make sho it didn leave a mark. I try to make this real $$$ sheeeyot as eeeeasy as possibull. I'm still werkin on the funny money trades and that'll "probly" take a tad more time. But I did order a book offa Yahoo which "should" help with that thur....so "hopefully" that gits here this weekend. :-) BTW, TSFG n ETRM now approaching last areas of visible support. You wanna figger out "the zone"??? Ehhh...never mind...no way you kin be drunk enuff yet. I'm jist barely gettin started meself since brekfust is now o-fish-ally over. I gots 1 strawrburry Pop Tart left...ya wannit? :o 3J

LOL ... Ya should have asked I woulda given ya mine... I got to chapter 2 twice and fell asleep so I gave up... I think there is even some chunks in it from the other day when i was in CIT ..

For ETRM .36 - .32
TSFG .42 - .48 ish
I have been drinking heavily all day .. or have I ?

Ehhh..close enuff....I gots .35-.30 anna .46-.39...I'll be spot dead on wit ETRM...but I'll be off by .04 centavos on TSFG :-) BTW, you "might" wanna pull the plug on yer nuculer kitchen appliance so ya doesn't git confused on what's a beep from the markets and a simple signal that yer chunky soup is ready. "Looks like" da VIX is just about thur from a beepage standpoint. :-) 3J

The VIX is movin up after the beep thats neggy .. right ?

Thaaas right...neggy...altho I don't quite sho it a beepin yet. The SPX will mo than likely beep too but it's gonna need to rally a tad from the current 1039 area to bring the ADX line down ta 15. that "should" bring da VIX down slightly ...then you will hear the BEEEP! That's purty much how it sounds actually. I have my pooter setup to a large set of speakers and I just plug whatever stock I am tracking into the software program to make a "recurring" BEEEP. Like for instunce, whenst da VIX beeps it'll go BEEEP .....BEEEP....BEEEP...just like that. I can't be without my microwave cuz I just sit here n stuff me face all day long. Ooops! Gotta go....I just herd a single beep...that means the leftover meatloaf I pulled outta the neighbors trash can is ready! :o 3J

How do ya see ADX 15 on bigfookingcharts.. I dont want to draw it on my screen ;-)

Hey Gents!

How goes it today? Seems this decline is slowing, might get a bounce soon. Do I see some beepage going on or is that just 3J makin lunch?

Burt

Sometimes ya gotsta "guess" like with da VIX (altho the 15 reference point will more than likely show up on the 10 day once it gets tagged)...and sometimes they just give it to ya...like with the SPX. I find it easier to just work offa the 5 day chart whenst thangs are gettin close. "Luckily" the FASshole/FAZoo combo is an eeeasy read...even on the 10 day. *-) BTW, I will be selling 50 o'my remaining FAZoo shares at a $1+ per share loss whenst (not if) it trades thru yestermadaze high. I "usually" doan like to do that but I don't have any that I bot below the $25 dollah level...and I will more than make up for it with my gains in URE n FAS...specially URE $6 dollah options for both Nov n DEC. I won't be able to write off the loss this time tho but that's "OK" ...I never claimed to trade like Sporthunter :-) 3J

Goin GRRRRREAT thur, Burtski...did ya get a gah gah outta Eliza to go wit da goo goo yet? :-) Bullski, now that the SPX is up thru 1040 you can see how the ADX is beginning to spike down...neat! ...ainna? I toldja this chit was eeeeasy....gulp! :o 3J

Very neat, shouldnt the beep be a buy ? how do ya know it is going to go neggy ?

Hey burt hows it goin ..

BTW, Burt, methinks that run in RTK will be forthcoming here shortly. Not sho ifn it'll trade aaaall the way upwherst it needs to go. But the GOOG news is that Bull is becoming an ex-spurt at reading the charts so he will be able to tell you the EXACT time to let er rip! *-) 3J

Eliza's doin great thanks! She's smilin now, and it ain't gas! At least I think she's smilin. She smilies at her Mom all the time but that's cause she's gettin the boob. Got to admit the Boob makes me smile too! LOL Burt

RTK? I stunk the ADX broke 60 just 2 daze back. Aint it goin lower?

Gimmie a ring on when to buy there Bull!

How bout that yrcw yestermaday? Ouch!

Bull, foist, it doan matter whether it's a buy or a sell signal altho thur are some thangs about even that thur you "might" learn latta oooon. The impotent thang is what happens after the beep. *-) Second...is what gonna beep a buy? FAS, FAZ, da VIX, SPX, ...the pork chops I gots in the microwave? WTF you tawkin bout? :o 3J

just made the place look untidy

Ahhh nice....smilin little uns. I remember waaaay back whenst my son wuz a sweet little boy round age 3 and I had im with me in the grocery store. This lady came up to me and said>>> "You can always tell a child who gets alotta love from his parents. What a happy young boy" ...well, little did she know I had him stuffin fruit rollups down his shorts whilst I was watchin fer store security! :o ....strawrburry ones too! No wonder he was happy! :o 3J

Thur ya go....that ansers yer question on whether it'll be a buy or sell signal. *-) Sooooo, looka the 5 day chart on da VIX so you can see thangs "clearly" and tell me ifn this is a buy or sell signal...gulp! :o 3J

That would look like a sell signal comin

Agreed,

Whatchu see on RTK there 3J? Is it goin to $1.50? I know eventually it needs to go lower.

BZZZZT ...wrong anser! On Mon the VIX switched from buy mode (+Di in control as ADX was above 40) to sell mode (-Di in control as ADX was above 40). This will be a buy signal and a rally after a buy signal is as big a neggy as you can get. BTW, also notice the pattern I mentioned to Roth the nudder day whenst I said that whenever a ticker switches abruptly from sell mode to buy mode (or vice versa) the previous trend "usually" takes over sometimes in as little as 1 day. You can see how the VIX began rallying shortly afterwards....and ifn ya look at the CPF chart wherst the chart was still in sell mode but reversed to buy mode into the close on Fri you can see how selling resooomed again the very next day. The windup? Whenst you see a quick "crossover" like this in the future...keep in mind that the "previous" trend will soon assert itself if only for a short time. If a stock is in sell mode and suddenly switches to buy mode well >>> DON'T CHASE THE RALLY!!! *-) 3J

I'm just making some simple ass-umptions Burtski. Granted, thur have now been 3 consecutive lower trendlows on RTK with the lowest at 1.34 and the highest o'the 3 up thur near 1.68 I sssthink it twas. But! ...we know for a fackt that the VIX is gonna trade aaaall the way back down to belowst 20.10. We know for a fackt that RTK is now showing a confirmed bottom with this move to 1.16...even tho that spike will "probly" be at least met. Sooooo, "ifn" a rising tide is "sposed" to lift all boats...and ass-ooming a bad newz report doesn't come out which of course is always possibull like we just saw mit YRCW...tain't no reason why RTK shouldn't trade up to at least the 1.68 area. Nooow, ifn the market indicies are going to attack the highs (ifn that's what a VIX move to 20.10 is telling us)...and methinks they will. Why can't RTK trade to the maxi it "might" trade off of a trend high at 1.68....which would be this numba right cheeeya?>>> 2.20ish. Noooow, let's carry it further yet. The markets are nuphin more than a release of human emotions. Tis the ONLY thang that matters concerning stock price actually. Sooooo, ifn RTK makes it to 2.20 and emotions to the likes of which Mighty Mouth is prone to take over....any reason why RTK can't trade thru 2.93? I doan think so....but it'll be fun to watch...no? :-) 3J

BTW, this selling that's coming up is gonna be an absoloot jailbreak. The most fun seckter to watch will be the gold stocks "obviously" ...those morons are once again spewin all over the place. Fahgettabout gains being eliminated the very next day. I purrdickt a wave of silence forthcoming soon. Thurs gonna be more rally after this selling but it is lookin more n more like a collapse of Earl n commodititties "might" actually be a catalyst to move the markets to new highs....remains to be seen of course. Anyhoo, beepage forthcoming on the SPX...I'm bringing EVERYTHING down so at least put on yer kewel yello hard hats ifn ya doan believe me. *-) 3J

Hey 3J,

How bout this old time favorite? COIN? Afta a pullback that is.

Burt

Yeah...now that we won't be hearing from Mighty Mouth until COIN at least triples from current levels I'm wreckin that even it is "safe" ....loooks GOOG on the 1 year too...cept even the one year says .70 centavos goes bye bye. I wonder ifn a quick selloff will result in a trendlow...hmmmm....keep track o'thatn thur, Burtski. :-) 3J

Just for chits n giggles...the entire move in gold was based on news of India buying gold from the IMF. The gold morons are actually sssthinkin that since the U.S. dollah is up at the same time it is a "sign that gold will be a safe haven" whenst in reality GLD didn't make the largest gains until UUP started pulling back off of the nonconfirmed high at 22.81 set on the open. UUP is gonna rally and put an end to this wave up handed to the gold morons who get in too late. Care to guess how far UUP rallies? Will it just 'barely" take out 22.81...or will it trade into the $23's? ??? Here's a tip...you can look at the GLD 10 day chart for some clues *-) 3J

Wait, what selling is gonna be a jailbreak? I thought you just said the VIX was headin back to 20 and you got yourself some FAS?

FAS will take out 63.80 either into the close today or sometime tamarrah...but I am leaning towards into the close. The selling in the goldpig stocks is gonna be a jailbreak but I'm wreckin you can call a move in FAS from the current 69.55 area to belowst 63.80 or URE from the current 5.47 area to belowst $5 dollahs a jailbreak ifn it all happens today. That gives me 1 hour n 30 minips toget errrr duuuunn. You wanna see some 3J magic...is that what yer sayin, Burtski? :o 3J

WORK IT!

Well...couldn git errr dunn today...but a tremendous Miss Take by the bulls all around nonetheless. I'll be back at em tamarrah *-) BTW, thurs that "flip flop" pattern (from sell mode to buy mode this time) I mentioned again....showing up on IRE today. Selling takes over but I'm wreckin 8.25ish holds....we shall see. 3J

What where did I make a tremendous mistake, ;-)
That flip flop shows up on RIMM too, it makes a difference when ya kinda know what the fugg is going on ;-) we have a saying my game a little knowledge is deadly ..

I was talkin bout the "market" bulls...not "the" bull. :-) 3J

I was reading over todays festivities, and I gotcha on the beep, the last moment that the ADX was over 40 which ever DMI was dominant will indicate the buy or sell signal + = sell - DMI = buy,
So if we have a buy signal and it rallies its neggy so it should sell off a little or how much ?
If we have a sell signal it should rally a little then drop ?
Sorry man I promise the last one ever ;-)
I spent an hour readin over notes and stuff and it still clear as muck to me.. just the last bit where "should" it go after a buy and a sell BEEP....

Well, let's look at RIMM. RIMM left a confirmed top up thur at 88.08 so thur ainna nuphin on the chart taht say it ever needs to trade that high befo it trades to a new 52 week low again. On the day it gapola'd down on errrrnuns it left a trendlow from about $68 to $66 ifn I remember correctly....after that it traded up thru $70 dollahs...that high needs to go bye bye. Soooo, I'm wreckin it twill during the overall market rally I will be bringing to one and all. That flip flop thingy happened from Wed into Th of last week on RIMM.. You can see how it went back into selloff on Fri...then the beep...then a selloff to a low belowst $56 on the open Mon that needed to go bye bye...and then it "looks like" yet anudder nonconfirmed low at yestermadaze low. So that's gonna need to go too. "Hopefully" this is a GOOG lesson for ye about how fer thangs need to go sometimes...even after a bullish selloff resulting from a beep. Why "guess" whenst the chart will always tell ya. My target for RIMM is $70+ and then bust...cuz $70 dollahs is the only remaining nonconfirmed high left. BTW, the rally today did not lead to a "flip flop" situation on the chart as ADX fell belowst 40 briefly. *-) 3J

Are ya saying that a buy beep will sell of, track it find the bottom and buy and a sell signal will rally so ya track it find the top and short it ?
So numb it down fer me, pretend you are telling rainman, what happens after the beep....... Here I am reading my telephone directory. memorising all the telephone numbers for China .. and I stop,, I am all ears .. hit me with it ;-)

How ja know I thought yesterday was a flip flop thingy ?

Bull, anything can happen after the beep. Thaaas why I said the bulls make a Miss Take yesttermaday. Everything rallied after the beep....thaaas neggy. Nuphin is written in stone with the markets so we use the toools to find opportunities. I wasn't sure which flip flop ya was talkin about but I only see one on the RIMM chart..so I figgerd I'd make sure you unnersttod that thur was only one. :-) 3J

3J - I thought you said Bull knew what he was doin. LOL. Hang in there Bull, you gotta take what you know, and what your gut feels, and then mix 3J's majix with it. And just be aware that it doesn't always work (no offense there temple master). But, when you see your own indimicators move the way 3J is movin, then your spot on! ;)

who said I knew what I was doin... Ya cant blame that one on me... ;-)
That beep thing had me confused as fugg .......

Just kiddin Bull. Look at 3J's quote at November 3, 2009 11:53.

My take is that the SPX is gonna beep and rally to I dunno 1070ish then we are in for anudder fall. I think 3J's purdixion of FAS goin past the $94 mark is a little early. I think the SPX goes to 950 foist, then we spend a month clawin back to 1100 and possibly FAS over $94. Dat's what me thinks offa da top o me head. But I'm flexible. All I know is that the Beep brings change, and it's change you gots to go wit!

Personally I think it is goin up today and the dollar is tanking after the fed news,
That news seems to have caused a frenzie in the PM, ole FAZ is down 4%,
but PM is crazy, lets see how she sits at 10.00am
I am getting dizzy looking at the chart of DJI it is up and down like a prossies nickers

I say this rally fails within the foist 30 minutes o'trading but! ....and it's a BIG butt...bigger than mine even...the trading desk can take er all the way up to the point of no return ifn they want to. I just doubt it. And me doubts are based on the fackt that the SPX already beepd yestermaday and is rallying today. BTW, time to move the spewage over to me open FAZoo bored cuz this thread is gettin waaaay to long. I'll be closing my FAZoo chort out heeeya chortly. :-) 3J

Here's another interesting one to look at, DNE. Trading at it's low at .10 cents. Reported a narrower loss this quarter this morning. Might have some potential!

Also, PRKR took a major hit today!

Hey...beats the heyell outta CraPSToned I guess :-) BTW, ifn you are still holding that FRP thingy you "should" know the new trading symbol....what it be? I saw the trading halt and then the bid/axed was down in the range wherst it twas at least a "maybe" ??? CPF "should be" GOOG to go on a retest o'the 1.00-1.05 low now. ...even PCBC "should be" GOOG now that it is beggining to selloff after the buy signal...1.10 just needs to go. By how much? It'll cost ya $1 dollah. :-) Can I make RTK run? As the Fonz would say >>> Heeeeeeeeeeeey.....mmmmaybe *-) This bored is o-fish-ally done until ESLR does what I instructed it to do. :o 3J