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Wednesday, April 14, 2010

new target 1230

Looks like the ending diaganol morphed into a wave 3 and now were headed higher rats. I bot a little tza in the pop to 1207 and am still holding but it looks like i'll get stopped out.

Tuesday, April 13, 2010

Big Fish on Fort Peck

Here's a picture of our fish from last october. Yes there is a reason for the our! We caught most of them in 35 feet using jigs best day of fishing i've had.

Longer Term Top?

Looks like were in a ending diaganol or wedge pattern to complete this leg higher. target for tomorrow is 1207. I"ll be adding shorts if we get their tomorrow. Yesterday the VIX closed below its 2.0 Bollinger Band which confirmed a buy signal today. I bot some VXX

Saturday, March 27, 2010

trade ideas




TLT Daily short maybe not yet but getting close I plan on adding TBT when TLT goes through the green line.

Friday, March 26, 2010

More selling to come?



The Trend remains up but it looks like we have a short term top and the market needs a little more pullback before another move higher. Downside target looks to be that green trendline and support around 1150. Wouldn't be surprised to see a break of the green channel and suck in some bears and then another relentless push higher. The Elliot Wave gurus say SPX 1230 for this final wave. The dollar is strong and some commodities look to be topping out. It will be intresting to see if the market can continue the correlation with the dollar.