Matt - will this be a separate subscription with it's own fee or will it be included as part of the BPT subscription?

Hey Matt - love the idea of the page reboot in todays newsletter, but when I tried it I'm getting an error 101 and the chart is not displaying.  Cutting and pasting the link directly in the browser works fine so must be a problem withe the page reboot site. 

NXG, a laggard up until today, is breaking out, albeit volume is not that heavy at the moment.

THE ANT AND THE GRASSHOPPER

       This one is a little different...

       Two Different Versions! ..................  Two Different Morals!

        OLD VERSION: The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

       The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.

       Come winter, the ant is warm and well fed.

        The grasshopper has no food or shelter, so he dies out in the cold.

       MORAL OF THE STORY: Be responsible for yourself!

       MODERN VERSION:

       The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

       The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.

       Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others are cold and starving.

       CBS, NBC , PBS, CNN, and ABC show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food.  America is stunned by the sharp contrast.

       How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so?

       Kermit the Frog appears on Oprah with the grasshopper and everybody cries when they sing, "It's Not Easy Being Green".

       Acorn stages a demonstration in front of the ant's house where the news stations film the group singing, "We shall overcome".  Rev. Jeremiah Wright  then has the group kneel down to pray to God for the grasshopper's sake.

       Nancy Pelosi & Harry Reid exclaim in an interview with Larry King that the ant has gotten rich off the back of the grasshopper, and both call for an immediate tax hike on the ant to make him pay his fair share.

       Finally, the EEOC drafts, and a progressive Congress passes the Grasshopper Economic Equity & Enrichment Act retroactive to the beginning of the summer.

       The ant is fined for failing to hire a proportionate number of green ladybugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar.

       The story ends as we see the grasshopper finishing up the last bits of the ant's food while his government-provided house, which just happens to be the ant's old home, crumbles around him because he doesn't maintain it.

       The ant has disappeared in the snow.

       The grasshopper is found dead in a drug related incident and the house, now abandoned, is taken over by a gang of spiders who terrorize the once peaceful neighborhood.

       MORAL OF THE STORY:  Be careful how you vote in 2010.

Matt - very helpful!! thanks.

Does anyone on the board have any insights whether the past few weeks of relative range bound movement are more likely accumulation or distribution - I'm referring to the major market indexes.

Stopped out at 32.44 so I guess now the point's moot.  But thanks for the advice (or should I say spanking!)

For those who bought at the 15 minute cross, is anyone taking SRS home tonight?

On a 5 minute chart for SRS I'm seeing a potential H&S - is anyone else seeing this?

I missed it on the video - could you post to save me trying to find it?

Matt/Steve:

Have we completed wave 5 of 5 (and thus major Wave A) with today being the beginning of major Wave B or is this wave 4 and we still have 5 to complete?

Sorry about the double posting - guess I hit the button twice.

I'm sure this has been discussed before, but I was looking a a few Canadian oil trusts, such as HTE which is yielding 40.5% and has continued paying it's monthly dividend.  The price has been hammered (I assume as a result of the price of oil), but does anyone know if the dividends are at risk like they were when the bank stocks fell so hard?

I'm sure this has been discussed before, but I was looking a a few Canadian oil trusts, such as HTE which is yielding 40.5% and has continued paying it's monthly dividend.  The price has been hammered (I assume as a result of the price of oil), but does anyone know if the dividends are at risk like they were when the bank stocks fell so hard?

Matt/Steve:

Would going long here at the downtrend line of the SPY (84.75) with a stop just below (84.25) be considered an "objective" trade?

Matt - does it make sense to go short the spy with a stop just above the top downtrend line of the triangle since the backtest failed?

Dollar down, Gold up!

Matt - are you selling SDS into the close?

Matt:

Would it make sense for untriggered stocks on the watch list, to set buy limits at the breakpoint, regardless of what the market is doing?  I don't have time to watch them all day and today many of them had nice moves even though the market basically went nowhere.  I'm trying to come up with a "simple" system that I don't have to over analyze too much.

http://www.proshares.com/funds/srs.html

This should help.