- There's all kinds of chatter going around regarding nuclear threats from North Korea. Fabulous.
- We're pinning SOX 280 again. shocker!
- A roach will live nine days without it's head. The only reason it doesn't live longer is it's unable to eat.
- In my last post, I made the distinction between "good" traders and "great" traders. Notice I didn't say "bad" traders--there's no such thing!
- I thought Tony's piece this morning articulated our current juncture wonderfully.
- I still think there's gonna be stiff rally...but i can't shake the feeling that it'll begin from lower levels. If you think that shorting to buy is too "cute," you can always "scale" into a position. In other words, if you're bullish, you can buy 1/2 a position now and add to it as a function of price. This way, you're "there" if the market rallies and, if not, you've got dry powder to deploy at lower levels.
- Who else misses sleep away camp?
- Breadth on the Nazz is now 2:1 negative.
- Both Hitler and Napoleon were missing one testicle
- That AOL loss is staggering. "You've got issues!"
- There are still too many reactive traders in the market. If you're constantly getting bullish at higher levels and bearish at lower levels, you're bound to flame out at a point. The goal, my friends, is to view prices as an opportunity--not a hindrance.
- Keep an eye on the weekly lows in the NDX and S&P (if and when). If they don't hold, this could get fugly.
- When my contacts told me about the Raiders night owl habits, I was bummed out. Then, when I heard about Baret Robbins, I was super angry...and almost bet big on the Buc's! I couldn't do it thought--no matter how much I tried, no matter how much my faith was shaken, no matter how wrong I thought they were--I couldn't pull the trigger. Being a Raider fan isn't a choice...it's a way of life--for better or for worse.
- The trick to the shim sham trade is knowing when to flip around and trade from the long side. Dicey!
- There goes MXIM. Hey Fokker, why are you giggling?
- I follow daily stochastics (to time entry points) and longer term stochastics (to game market shifts).
- Sea Otters use so much energy that they need to eat as much as one-third of their weight each day.
- Beeks will stop by tomorrow morning with Personal Income (exp. .2%), Personal Spending (exp. .7%), the Charles Woodson/Betty Ford Confidence Number (exp. 83.5) and the Blackhawk Purchasing Manager Report (exp. 53).
- Nah, there's no housing bubble,,,,but there wasn't a stock market bubble either until after the fact!
- Lobsters can live up to 50 years.
- If you're diggin' the critters, wear 'em proud!
- I don't think we break the October lows during this leg of the sell-off...but I think they'll be broken at a point this year.
- Cheers to Fred "The Dorf" Dorushkin!
- Slaino just walked by and said "what's event would "catch" the most traders? I peaceful resolution to the Iraq situation." Man, they'd squeeze 'em hard on that!
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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