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Oh boy!
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Thanks parlay.

That's all right tiz. I still think we go down. I try to remember that the market never goes down all at once nor does it go up all at once. We had several days in a row of downward movement. We were bound to have a day or 2 of upward movement.

From now on I'll be summarizing the first 20 and adding on from there:

Trade#..Symbol..Bought..Sold..%
--------------------------------
1 DGP 25.00 25.25 +1.00%
2 DZZ 14.13 13.50 -4.46%
3a NXY 22.16 22.84 +0.51%
3b ECA 32.16 33.89 +0.52%
4 DGP 27.65 28.12 +1.70%
5 FAS 107.40 114.10 +6.24%
6 DGP 28.58 29.20 +2.17%
7 FAZ 11.38 12.20 +7.21%
8 FAZ 12.37 12.37 +0.00%
9 FAZ 12.20 12.00 -1.64%
10 FAZ 12.60 12.24 -2.96%
11 FAZ 12.57 13.42 +6.76%
12 FAZ 13.90 14.03 +0.94%
13 FAS 27.89 27.00 -3.19%
14 FAZ 16.30 16.34 +0.25%
15 OLO 11.63 12.24 +5.25%
16 FAZ 14.80 15.00 +1.35%
17 DZZ 11.51 10.91 -5.22%
18 FAZ 16.61 14.63 -12.92%
19 FAZ 14.16 15.00 +5.93%
20 FAZ 15.86 16.90 +6.56%

Total net so far: +16.00%
 

Oh boy!
Joined
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Bought some FAS @ 22.95 before the close. Hoping for a good earnings report from JPM tomorrow morning.
 

Oh boy!
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Trades 1-20: +16.00%

Trade#..Symbol..Bought..Sold..%
--------------------------------
21 FAS 22.95 23.00 +0.22%

Total net so far: +16.22%
 

Oh boy!
Joined
Mar 21, 2004
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Trades 1-20: +16.00%

Trade#..Symbol..Bought..Sold..%
--------------------------------
21 FAS 22.95 23.00 +0.22%
22 FAZ 15.25 15.50 +1.64%

Total net so far: +17.86%

Some may be wondering why I am investing more in FAZ than in FAS. The reason is because I believe we are in a bearish channel. There is a current downward trend that has the market bouncing down from. Wednesday will be interesting as the intersection of the market to the top of the bearish channel (which has provided resistance in the past) will be around 1088 on the S&P.

If the market can break that level then I may have to watch for bullishness. If that level provides resistance I will be looking to go short with FAZ again.
 

Oh boy!
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The S&P hit the 1088 upper limit of the bearish channel (which is also the 50DMA) and bounced down. I was paying special attention to Bernanke's announcement in case there was some negativity and there was. This, in addition to resistance, lead me to invest in the bearish FAZ once again.
 

Oh boy!
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There is also a bullish uptrend line from the first of July that has provided support. This is around 1068 so I will be looking on Thursday to see if that level is broken. If so I expect more of a bear out of this market.
 

Oh boy!
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Looks like yesterday's downtrend was simply negative reaction to Bernanke. Perhaps next time, I'll sell before the end of the day after news such as that.
 

Oh boy!
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The S&P went above the 50 DMA but there seemed to be some resistance at the 1100 level which provided resistance back in June as well. If the S&P breaks above 1100 I will take a loss and possibly look to go bullish.
 

Oh boy!
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Mar 21, 2004
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Trades 1-20: +16.00%

Trade#..Symbol..Bought..Sold..%
--------------------------------
21 FAS 22.95 23.00 +0.22%
22 FAZ 15.25 15.50 +1.64%
23 FAZ 15.25 14.00 -8.20%

Total net so far: +9.66%
 

Don't assume people in charge know what they are d
Joined
Aug 16, 2006
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That glittery gold..............fiat hedge?

GL
 

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