'When in doubt stay out" . Ar`nt we still shortterm overbought ?

FAS, closed 5.03 , now 6.20 ....is this agood short and if so when , pre or post open ?

Matt/Steve , your nightly reports this past week where all one could ask for . I was most impressed when you guys posted on the blog ,your guidance on the blog reinforced or tweaked my trading all week . The best part is how much knowledge we can pick up on the way .  Thanks Ed

ain`t that the truth !

TDAmeritrade users should consider Tradestation IMHO . Just started learning TS`s  platform with "Matrix" & "Easylangauge" . To me trading is much easier ( 1 click with info ) at TS . TDA`s SDesk might be easier to learn but has far less to offer . hope this helps ...Ed 

you may remmember the IRS sending me a letter claiming I missed reporting a very large amount . Had a CPA go over everything and he revised my 2007 filing , I owe an additional $4.00....yeah all that hassel for four dollars .Thanks to everyone for thier help and concern...Ed

what`s the VIX doing anyone watching ?

1st chart , right on

any thoughts on UYM  ?  holding up nicely

double agent , start putting UYG on while daytrading SRS

looks like do or die right here

thanks, very helpful

makes sense ,....started averaging in to URE , UYG ,

Thanks, great chart

Steve , matt , what points should we be watching today . Will "the pros short into this mornings move .

CHEERS!

Welfare Motors

easy to follow your thoughts with 60min chart , great job last nite and on the blog today

FWIW "the Crash of 1907 " in the book it explains how they had to controll the shorts to stablize the markets . It`s the duty of the powers to stablize the markets . Remmeber the last time they lost control it ended in thermal nuclear war .

the markets r day to day mostly traders  who r making TA a self fullfilling event . If TA was allowed to rule the markets right now THE WORLD WOULD CRASH ! These r my thoughts when I step out of my down direction bets . I`m praying they B>S> the markets long enough here to make an inflationary driven bottom . I share this to thank you for all the compassion you and others show on the blog . Ed

 retried ...now it works . Great , was using other platform very inconvient . closed my shorts looks like more consolidation . need to do stuff ,later