YEAH.  When everyone is PUKING then we should get a bottom.  I vote for more PUKIN.

Matt:  Can you please post the wave count (30 Min Chart) as a dynamic so that we can save it?  Great update.  THANKS,  FinaM

Thanks RP and Steve and Matt.  I netted $57,000 on my short positions over the last week and a half since I came back from Australia.  Now I am back in all cash (Fidelity Funds)  Could not have done it without you guys. 

I often give up my gains so I am very happy to be in cash right now and OUT. FinaM

Thanks Maggi for the chart.  THAT was the one I was referring to.

Steve:  Good for you for spending time with your boys.  Children help us all stay focused on the real priorities of life.  AND ad a bit of humor to what we do. 

The most fun I had this week was playing freeze dance on Friday night with 2 little girls that I babysat for in their living room. I was roaring with laughter watching them try to remain still.  Fina

Thanks vmath for posting that.  EWII and several others also talk a lot about the TED Spread.  I know that they said it is the difference between the safer US T-bills and the Libor and the implications are NOT good here right now and that while credit spreads continue to widen the stock market should remain under downward pressure, at times severe.

We may have had some talk of this on the blog and I missed it but if you or someone here can explain the Ted Spreads implications in some basic terms, I would also appreciate that. and even a chart that I could save to Stockcharts.

Maybe Bloomberg is the only one with this chart as it does not seem readily available.  Fina

Yes, January low was 4032 and we closed yesterday at 4134.  We are close though. Not sure what charts EWII used.

Thanks RP:  I am a few dollars short of that $20Million mark too.

I just checked most of my cash is in my IRA at Fidelity in FDRXX (Money Market funds)   My trading acct cash is FTEXX.

Thanks for getting back to me on this.  

I'll check out the links you sent. Fina

Thanks everyone for the replies.  This BEAR market could get much uglier before we ever get a long term uptrend (even if we get that bounce at the end of October, most of us believe that it would be just another Bear market bounce)

Elliott Wave International says that we are continuing the GRAND SUPERCYCLE DOWN that started on January 14, 2000. And that the Suprecycle, Cycle, Primary and Intermediate trends are  all DOWN.  (Steve and Matt and RP have been telling us for a while now that the Primary trend is down) Dow theory just Reconfirmed that yesterday when the Dow Transports undercut their previous low from January.

I am thinking that for now, I'll move some funds to different brokerage houses and not keep any more than $100,000 in cash in each.  Not too sure about the implications of investing in QID and TWM, SDS and SRS type of funds as I am holding some of these.  I do have separate accounts for Long term and shorter term trades but they are all with Fidelity and heavy in cash.

I am retired so I would rather be a bit cautious at this time so thanks for all the suggestions. Enjoy your weekend.  FinaM

Does anyone know how safe our investment funds are in Fidelity Investments or other brokerage houses, and if they are covered under the $250,000 FDIC insurance?

I am wondering if I should move some funds to another brokerage?  Not sure how to get physical gold or Swiss Franks and how to hold them but I do have more than $250,000 in Fidelity.

Thanks,  FinaM

Matt:  Not that we don't ask for EVERYTHING but could you also please include the TRIX on that VIX chart dynamic?

Thanks and get some rest this week. You and Steve and RP did a GREAT job of setting us up for this big DOWN week. FinaM