Latest from McClaren's corner...

http://www.safehaven.com/article/16963/cnbc-squawkbox-europe

Roll Your Sleeves UP! It's Time for the Lightning round!

Ok, for Gooddness sakes, I just can't wake up in time can I. LOL!  Enough of my Pitty Party, the lightning is about to strike!

From the EWT headquarter's... If we break below Yest. low's, the move down could be enormous!.. so we already new that.. the important thing is that today we broke the 61.8% of the move that started end of day yesterday and today. sorry the downside of the upmove we had this morning... got that.. Now 78.6% lies at around.. 1047 area.. so it could just be a good head fake.. and then we go UP and that may not take place till Fri morning.. but I would just get out of our shorts around the 1050 area.... the only problem is if we do break thru the 1050, we have to be careful, I know I sound contradictory in nature right now... but we have a Holiday On Mon. and we usually always(not always) but higher % lies that we go up for that Holiday... but if we break 1040 all hell breaks loose.. and we have to rebuy as fast as we can... I know that sounds silly but In my opinion.. take it with a grain of salt or with a Margarita...we need to take as much profit as we can right now...  Futures this evening so far reached 1055.50 I find that interesting... SPX closed at 1067.95 So, how bought a drop down in the morning to sucker those Bears In...and then turn it on them  in Bull style!  Up Up and away.. now that may not happen till Fri late morning.. but its all up to the Euro... its badly beaten.. so, lets look at the bright side... We could short the US dollar!... take a look, OH and I forgot the Jobs report is in the Morning... they might keep it even,, you know what I mean.. even though its very high in % again that jobs where lost.. got it.. Now, if there was a time that I needed to really post a chart its not... I have laid out all of my Fib lines and its very amazing...how this whole move down has just landed smack on them and bounced... If we go up late tomorrow early Fri.  I think we could go up for several wks for the move up in wave 2.. OK, if I can get this chart of mine I will try really hard...to post it..>L

This was not the time to go to Sleep :(

Nighty, Night, good bye profits.. I dreamed of, when I woke I   "F"d UP...and I gotta get out soon!....Hopefully there will be a small decline in the morning for some of us faithful Bears who needed to hybernate a bit to get out with our tails still in tacked.... All I can say is R you did a nice job... Congratulations...You did warn me... but as the Capt of my ship.. I might get out before most of it sinks... but like I said before.. I was the one giving the Gail Warnings..in the past two updates.. I just really had this puppy going to 1120 area..

I believe now looking at the charts that we finished Wave B, that scenerio that I called... and where I went wrong was I forgot my channel... I had so many lines drawn that I hit the hide lines on my charts.. and what a fatal mistake that was... stupid, stupid, stupid...I do not know what I was thinking...I am beating myself up bad. I had read SpringHill Jacks update this morning.. and he had  us going to 1042.. and I just could not get 1020 out of my pea brain.. and of course the channels where right there under my eyes, but I just was focused on the moment..LOL!  Combined with being tired I choked!...I made good $ and I hopefully get a chance to redeem some more before this puppy turns up hard.. but from what I see, I might be holding on for awhile again... So, my bad.. I warned myself and all of you that we could be in that scenerio.. Ugg live and learn.. SOOOOOOOoooo  lets look at the bright side of life.. we still made some good trades, and we know where we are right!!!!!!  So, its going to be a nice fast Joy ride Up... so find your stock or stocks that you  where supposed to be looking for . Buy in the morning... cause I think we could have a 300 pt up day tomorrow...since we broke out of my channel that I hid..LOL! really pissed at myself.. and R, I had read your mid-day update, I did take a small amount off the table at that point. but it was the bouncing that kept me thinking it was in a 4 still... with 5 to go..  so my count right now is we have gone a minuette 1-2-3  and we are still in a 3.. hopefully its still in minuette scale.. if not like I said...we could have a really nice 300 day tomorrow... even GLD and SLV look lucious... OK I gotta go.. Congrats to you ALL, I hope you did not sleep thru your profits like I did.. now all of you go have a good sleep, you will need it in the morning!  Oh and funny Full Moon is on the 27th... I was hoping to end Thurs. to the downside...later>L

We are getting Closer! :)

Hey all, I wonder who all is anymore..LOL!.(this is my wkend update by the way a day late..). I do not hear from C, I think the last time was he got caught in the Ash cloud I think..what a natural wonder that is.. just sorta like the market... but not as Pretty or Aughhhhing... there is just something about Nature, and How it really does effect us  and we just do not realize it because we have lost so many of our natural instincts. I have a friend that cares for older dogs, that she gets when an elderly person has passed and there may not be family or the family just does not want the dog and they take it to the shelter... Now, these dogs are lonely, because they have sat there slowly dieing with this person really and they still act like they want to die... isn't that interesting.. it usually takes several wks or mths for these animals to wake up from the coma they have been in, and when they do.. its amazing how they just go back to being Dogs!... but I wonder how many Americans would just kill themselves, let others kill them, or just go into a coma if we had some kind of Super Depression Hit us?... Part of what I do while I am away from the computer is study this type of behavior. It is amazing what we humans become when we have to put our Survival skills into use. So, with out going into deep thoughts, we are sort of like the Dogs that where in Coma's with their elderly caretakers. Thats what I see about to happen on Wall STreet. The People all over the world are begining to wake UP... the ? is when will the Americans and alot of Europeans do the same...?  401K's and personal investment accounts are beginning to Die...again....and many do not want to see the same thing happen to them that took place during the last Drop... so we all know how that felt or for someof us who saw what was coming.. we watched how our friends and foes start to dig at each other, like animals..LOL!  But it really is not funny, because people sometimes go nuts and tend to pull others in and then you get riots (GREECE), and alot of people get hurt in more ways than one. Some actually die. We saw it in L.A. years ago, we have seen it in Greece, and we have seen it during Hurricane Katrina. I was watching a documentary on the Stock crash of 1929, it took one man, a merchant from N.Y.C. to get mad when the banker refused to sell his stock in the bank and give him his $, he walked out and started a riot of over 30 thousand people, and they cleaned all the banks out of the cash they had on hand, we just do not see the news covering the local banks because our media has the power to start even a larger nationwide scale run on the banks.. so I think they are not allowed to broadcast the scene on national tv. We got to see a bit of it when CountryWide got the doors slammed.. but that was it.. but banks where taken out in almost every state of the Union..the same way by eager clients that wanted their $$ NOW!... OK, I think most of you know where I am going with this.http://www.cnbc.com/id/37195213/Investors_Should_Avoid_Banks_At_All_Costs_Meredith_Whitney    So if you like or do not like Ms. Whitney, she does not bullshit, she's a straight shooter and I think thats why she married the Big Wrestler guy.. I think his name is John... but .. these two make a great couple because they both seem like fairly honest folks... now where you take that is your opinion but every interview she has with anyone she does not sway from what she means and good or bad, she seems to tell the truth and backs it up...OK, Dennis Gartman was just on Fast $$.. he says it looks bad!  Goldie locks has bad looking chart, as does most banks again..Ms. Whitney summed it up... so why did I write what I did above.. Its time to think... think about the upside.. we are getting closer... but we have to continue down.. its just Psychology... so start picking what you like see like this morning.. Nasdaq was up.. people wher picking already and got burned! unless they where short to the upside they bought the apples and amazons and so on.. see what I mean... OK, try to go back in time on how you felt during 2000's drop, 03's rise, 07's 08's drop, be prepared, we need to get as much as we can if this is the big Kahuna.... OK.... I sound like a mother hen, but really,  we need to work together. Post your charts, we need to communicate no matter who is out there right now...OK, todays action really could be the start of the 3 of 3 of wave 1 of wave C.. did you get that... OK, the other scenerio is that we did 3 of `1 and we are in 4 of 1 and if we are in that move then we could have another upside move... because my count has an a,b,c,d, and we need to go back up for E. and then we fall into wave 5 and that move should be close or equivalent to wave 1 down of wave 1 of wave C... remember we are only on a Minor scale right now...OK, sorry for the lecture.. I just did not have time to post yest. and I am nto sure if you would have read it anyway..LOL!   OK later>L

Success is the natural result of Intelligent direction of Effort.

Your hard work, faith and enthusiasm has paid off. Congratulations to US!  This is just a Test.. because you see the worst is yet to come....Now we must begin again to change the Mind and to set our strategy on when this move down will end.  There should be a cross road soon... but the Mood is still in the Bear Den..  I know that you are looking at your Indicators and saying that this MF is Oversold.. well, yes it is... but do you remember when I kept saying the same thing for the Bulls?  Gosh it seems like forever because it seemed to take forever for the Bulls to roll over... but  I was banging my head and I had started my accumulation of Shorts..well a bit too soon.. I was gettting killed wasn't I.. and believe me I almost turned into a Bull just before this thing started to turn. Yes, I have sold off some of those Positions.. some too soon, but I have been buying again everytime this thing backed the truck up the hill a bit... and it is now paying off. Unfortunatly.. I still got in too soon.. I will get the Majority of my hard head banging bull ride back, but I think I might still suffer a small loss from my lesson.  So, I do not want to do the same thing riding the back of the Bear... that ride usually ends in Death from Bull Horns!.. but I also am very cautious due to the fact that we are in a 3rd wave... and futures are showing me that the Bears are in serious control this time just like the Bulls where when I almost drove myself into the Poor house...LOL!  OK, enough of my favorite bullshitting... I think you got the picture... OK, over to the Forecast of the night... which by the way came a day early... Quote"If the mkt opens lower the downside Potential could be HUGE!"  It would constitute a MINOR wave 3 Down.....end of Quote".   OK, thats the way it seems and hour and a half before opening bell... R, keep all this in mind... another guy that I really like Peter Ellidias(sp.wrong) he was on Cnbc  yest. he is calling a low for this wave at 1020 area.. and Over at Pug he corrected his labeling and has the same # or very close... I do not know if your elliot guy has anything like that.. sorry I forget his site.. but , the stocks that I am looking at when we get close is .... APPL,  V, Bidu..  I am not sure about oil and coal right now.. I do like the Minerals..RTP.. but there are lots of good upside stocks... I am going to bed.. exhaustion has hit... I wish everyone the best today... Smile...later>L

Ben,Germany, Greece, and the Stock Mkt Crash of 2010

Gosh its been quite a Ride here in Bear land the past several years. Up and Down.. and there is so much more to come. I have learned so much, and yet so little; that at times I embarrass myself like I did today over at Hot Options Babe. I have been learning how to trade options a new way, and I am doing it on Paper, but there are times when I get a weee should we say excited and I forget and I start typing my thoughts in at $SPX ground level and not at the options level... dumb meets dumber..LOL! So, my apologies to the Staff and members.  Today we hit the 200 day mv.ave. and it seemed to me it was important enough to post and I think I am right. Support held there and I think we might have Finished that "B" Wave, of wave "C", that I was ranting about last night. We could also be in a 4th wave.... of wave "B". so do not forget that either. either way, there is a high chance that we move sideways or higher by Friday... it will burn the skin off some of the shorts.. "ME", but,  me thinks we will go higher fast, then turn, and I am looking for 1050 right before our Washington Leaders take a vacation...on June 1st.  So, I will be adding to my short positions as we climb Higher... So, to give you some #'s that I have done... on the 1st wave down... for retracements.OK>

$SPX    HIGH   1219.80     LOW  1065.89   top minus bottom = 153.91  Now... divide that by 8 = 19.24

then we add   1065.89 + 19.24 =      1/8=1085.13
                      1085.13+  19.24 =      2/8=1104.37
                      1104.37+ 19.24 =       3/8=1123.61
                      1123.61 + 19.24=       4/8=1142.85
                      1142.85+19.24=         5/8=1162.09'
                      1162.09+19.24=         6/8=1181.33
                       1181.33+19.24=        7/8=1200.57
                       1200.57+19.28=        8/8=1219.81   
Alright that is a quick way to come up with very close and sometimes extremly accurate support and Fib retracement #'s also something I learned at Murry Math..hee hee... its all a part of the Elliot/Gann relationship that I am still working on and probably will for yrs to come... Hence A's old site...and hopefully if I am still alive I will have time to really figure it all out when I retire in just a few short yrs..LOL! if the stock mkt is still around...OH well... Pug has a wonderful 4pm update that kinda has what I have.. he is a bit more bullish than I am.. but I still agree that we need to go up. EWT update has the same but cautions all to not sell a thing to the downside... it could turn and burn again... and it could... both Pug and EWT have 1126 area  and that is close to our 3/8ths move... I myself have to stick with 61.8%... area.. 1162, if we are in a C wave up of wave 2... thats my call. but remember what I said last night... sometimes B waves love to go below the origin of Wave 1... so it could reach the 1050 area just in that wave alone...then we shoot up like a rocket into C of 2.... what do you think of that...????  OK, I gotta get to work...later>L

Oh what a beautiful WAVE!

Now was that just about Perfect or WHAT!...Hee Hee... "R" I hope you did great today! Nice call.. I gotta say this was a somewhat profitable day for me.. I will tell ya I took a long shot and got shot in the butt back but it was worth it.. the loss was minimal.... I had bought 5thousand shares of Ambak Fin. (ABK), they had their earnings.. now this co. was going to loose $ but had been doing very well lately.. but lost even more then they where supposed too.. so I took a loss. but it really was a coin toss. So, that was my loss of the day.. but every now and then I take a chance on some crazy stock, and honestly its just fun!..LOL!  I know, I know, its just not right is it..LOL!. OK, back to the chalk board.  The Bears are just Hungry right now.. and it looks interesting to say the least. Now, personally I do not think the banks want to pay all the Bears this Thurs. on experation day.. so this was sort of a sucker fall  possibly... so whatch your back... because we did not make a new low from yesterday this could have been a "B" wave of the C wave of 2..  and if you look at the wave structure it looks kinda like a staircase .. so.. is it or isn't it... well, I wouldn't sell all of my puts over it.. I would cover a bit.. on those.. with some calls.. but for some of us who are in the Devil's Pack as I call em... QID,SDS. TZA... so on.. just hang on again... we could be in for a bumpy ride.. but it will be OK>.  maybe its another buying opportunity.. but my MacD says it could go either way in the morning.. But the futures are saying just the opposite right now.. down to 1112... just the way I like it uh hu uh hu...hee hee.... it's my nature of the BEAR in me... I will do a bit more in the morning.. better analysis.. just went to the eye dr. and can hardly see... dialated the hell out of em... probably spelling things wrong too...LOL OK, will give some # then.. give me yours tonight if you have some R... and anyone else.. who is still out there! ..later >L

Possible finish to this wave`~~~~

Hope everyone had a nice wkend and a good start on this Mon. I myself could not make it for the opening bell.. darn.. that would have been a great buying opport. for a short trade... so where are we?  thats the question.. with ending the day on the upside, we could be starting a nice "C" wave retracement for a 2nd wave.  Funny though.. I think that the oil leak may be fixed by morning.. and if it is we could have a big push up from the market.. and oil could take a major bounce... but, it has broken some really major support lines.. its just a thought...OK, so thought #2... what if this move down was just a minuette wave 1 and we already did an A,B, and we are in C of 2.. and we go up a bit in the morning, just in time for Walmart to give some good news but bad #'s for the quarter ahead...hummmm  that could be the straw that breaks this camels back... so, I have not a clue what most of you are in right now.. for I need to even recheck what I have myself in right now... I'm currently in TZA, SDS, QID, but I had sell orders in.. so I could be out of some trades right now.. but if this baby goes up... we know that the Euro.. has got to be in a 3rd wave down.. if it corrects it is in a 4 got it.. and will go up as the dollar goes down.. but we should have one last push down with the euro before it has a larger correction... sooooo.... that means we could be  in a 4 too... see how all of this sometimes sucks... 2's or 4's larger degree's, smaller degrees... hummm I will go see what the big boys of Georgia have online as their call... will update in the comments...later>L

Hang In There..~~:)

Pug has one hell of a good update and so does Springhill Jack at Hot Options babe.. both to your trigger finger to the right..->  as you look at pugs charts and read his analysis we need to crack the 1147ish area that Ihad mentioned in the commentary area.. anyway that's the ticket .. brake that and we could be on our way.. just remember... LOW Volumes produces big moves.. and they can Counter back just as fast ... remember last week... think of it as a Reverse Stair climb... If we are In a B wave we should feel like that.. like going down backwards..LOL!  OK, I have a big Show to do this wkend.. so I will be late on an update.. Peak at Pug..and Springhill Jack... they have the right stuff going on right now.. I think we do too though.. OK, X your fingers R... but remember Mondays have been cruel on us Bears.. stair step effect.. OK gots to get some sleep. took night off from work.. ahhhh to bad for them... luv it.. later>L

Do Not Throw In The Towel".. In other words don't sell Anything...

the latest says the title of tonights post.. is what the message is from the Big Boys... R, claiming this is a "C" wave.. so we could have finished.. also has scenerio 2 that we could drop into a B wave.. So, thats why the message don't sell , I have a 5 wave count on Friday, and so do they.. so the counter rally is going to suck alot of people back in, and they will turn their backs and loose everything.. Iam still looking for 1050.. OK,

Futures where down after hours big time.. but this fine Hump day they are going to bloom like a spring flower...   I have 5 waves up off of the recent low... top was round 1170.. Resistance to the Upside right now lies at 1163... next would be 1170 the top... of possible wave A... now lets review... From the High of April 26th.. lets say our low was 1093..OK.. Fib's go as follows 50%  1156.. 61.8%  1171.. so if we finished wave C.. we did a nice 61.8%  if we only finished wave A of a possible zig zag.. then B should do at least a retrace back to possible 38.2%  thats sitting at 1143..   so if we are just in the beginning of that B wave resistance sits between 1160 and 1165... or our favorite scenerio is that Europe takes a shit and then the U.S. follows suit.. and that could happen tomorrow.. let me know what you think R.. have a good day... I still have several other scenerios but not enough time to get into all of them this morning..  so still safe right now futures up 6 to 1157.. still in tight range.. have a nice day.>L

Aaaaa Scenerio #2 is on! Let's see if it is the one!

You might recall..hint I wrote about the EXPANDING TRIANGLE.. check out the above chart  from PUG.. Now I had this possibility the other day.. and it did concern me then, and now the EU has just bailed out the Portugese, and Greecians. This has just turned the tide... and Wall Street just set most of the options traders up for a major loss.  As I am typing it is 9:21pm est.time.. and Nikkei is bouncing back hard up 129. Now our futures are up too over 200 pts on dow and 25pts on S/P.  I have another chart from Tim knight to put up and he is showing the major resistance lying at 1150.. and I have that too. So, the only way the Exp.Tri. theory can be good.. is to bust 1150 on S/P.... so this is our spot  to watch and be ready for... I can not go long until this is breached... So, lets go over the scenerio's right now... 1)  we could be in wave "C" and we have broken some serious support levels, and currently down over 600pts in less than a week..on dow. we should expect a rally from such a quick and powerful fall. I had mentioned that we would suffer from serious volitility in the near term picture.. and this move in the morning could really just be a good start to what I had mentioned last night in my update.. Many traders will suffer severe loss's and want to jump off the Talahassee bridge!  Do Not become a victim of this.. if you can not handle the pressure get out and stay oout!... Cash is King anyway.. There are other MAJOR headlines besides this bail-out... CHINA has fallen over 6%... but they have CPI out on Tues.. or Mon night for us...They are in serious trouble too.. they have a Housing bubble, and have to react to their dollar Rates.. and they are affraid of the U.S. going bankrupt they have alot on the line.. their econonmy is very unbalanced... and they have high unemployment too!   I guess they do not have to do anything really, they have enough slaves to keep them going.  In this wave(C) we will have ups an downs.. and major moves... I really do like the Point and Figure chart http://books.google.com/books?id=Nb9rCUTHX_sC&lpg=PA143&ots=C10rOtzSx1&dq=inverted%20catapult%20point%20and%20figure%20chart%3F&pg=PA138#v=onepage&q=inverted%20catapult%20point%20and%20figure%20chart?&f=false
if that does not work google books has a copy online... page 138 of   De Villiers and Taylor on Point and Figure Charting   book is by Victor Devilliers and Owen Taylor.
This chart is what I had written about some time back.. that in the 1929 crash we retraced 63% and guess what ... we came dame close to that figure again... History does repeat itself doesn't it.. thats because we Humans are greedy and out thought process has not changed a bit...LOL!  You have to smile :) now we are more modernized have faster cars and play war games online..but.. Chess is still the same, and so is Chinese Checker's! 

OK, scenerio #2 is the EXP.TRI. and it has weight, please do not forget the 1150 support... or 63% fib retracement #. 50% is at 1136  and we need to break that first.. here is a nice video  that I found that show's all of the above....http://www.ratiotrading.com/2010/05/fibonacci-levels-on-sp-500/   OK, I have nothing else to say... but   Good luck in the Morning... If you are short like myself.. we may take it painfully at first but I feel that it really could be a buying opportunity on the short side... Oh, Gold and Silver... I hold some SLV... but we are closing in on gold's 1250 mark... this acts as support.. so I think we could see a pull back at that point... OK, have a great Monday... >L

True Inverted Catapult!

http://www.youtube.com/watch?v=Ybcu2itqvEQ&NR=1                                                                   Have any of you watched the latest video on You tube? Check out the big brother commercial that has been running in the state of PA.  This is just round 1.  and this leads me into the Title of tonights update.  I have no real idea how many people out there in Cyber Space read my little blog. Hey it could be Popular for all I know, but, I venture to say I am not as Popular as a Tim Knight or PUG.  Thats OK, with me, I like small and simple. A,C, R, I do appreciate your time in reading what I say, I know I am not always right, or wrong, its just another opinion and I hope that I at least make you stop and think and sometimes even smile:).  

I study just about everthing when it comes down to analyizing the market, Point and Figure charts sometimes really are interesting.  and recently the formation that we have on our charts is of a True Inverted Catapult.  So, when this formation forms, we have topped, This is the same formation that took place in 1929.  I also read the updated EWT and they say we are in a Primary Cycle turn. So, that means we should have further downside, Hence your Response to me "R", and I fully agree that we are possibly in a 4, but momentum is on the bears side this time. Questions fill my mind on what the next catalyst will be? What type of rally will we have?  That is the wrong way of thinking.... you see its the structure that has been broken, and even I have to catch hold of my emotions during times like these. Will we rally, Yes, its going to be crazy and the swings will drive many to jump off bridges, many traders will loose everything.   #1 thing to remember is that Cash Is KING!.... Tempations are everywhere right now.. be strong, do not buy the new car, do not buy extra clothing even if it is a great deal.  We will have Sharp Declines along with Sharp Rallies, keep your whits about you I know I will need my own reminders...My eyes are too heavy to go on.. no sleep.. gotta get some..OK, will give a better update later today .. have a nice Sun. Morn. later>L

OHhhhh Myyy Goooodnnnesss! Can you see my SMILE:)

"Ben",  Yes, dear", could you please save the Greeks?  "No dear, I don't have enough money, honey." Ben, now your mother told you when you run out of money, Well, Just Print some more!"... Look, even the Greeks have had their Identity Stolen too Just like Us...  Dear, we took care of that, No, dear I forgot to tell you, I charged up the Credit Card again.  "What!", what did you buy this time?  I bought up the entire U.S. Stock Market!.. Honey, I had to save the day!  We where down almost a 1,000 points... its what you would have done, wouldn't you Ben?"  Yes, dam it, You beat me too it, where was I during all of this?  Oh, you where in a cabinet meeting with the President chatting about how well, the job report was again!!!!!!  LOL!

The Market wants Clarity... what a statement!...   Everyone needs to pull up a 5 yr chart... on S/P... Look at the topping process that looks to be occurring... from OCT O9... it looks like an incredible EXPANDING Triangle!   Now, I swear if this is, we could go to 1250! and Ben, the Rubberband Man could take it there!   Now, I think we broke some serious supports of course, but remember the Rubberband theory, have I ever covered that... well, its that snap back that can happen after a crash like this... but could we crash more tomorrow... that is the question?   the General Public is about to get off work, sit down to dinner, say how good things are finally going, turn on the evening news and their Jaws are going to drop!  Here we go again, and they are fed up, and want out!  what do you all think?   I have to get some sleep, I have a long night ahead.. but what a day. I did not sell a thing...I have to say the Wall of Worry is clearly in place...LOL!  so panic again tomorrow...lets hope so... for my account needs some   DEAD PRESIDENTS to make it look good....  later<<<<<<<<

Smokin!

Alright! what a day... now thats what I call some volume!... does it mean we are going lower... well, we could... I feel like we should... but... Hump days where made for ups and downs... my count says we could be in a two... of wave 3, we also landed on  the 50 day mov. ave. on a 1yr. daily chart... support for the moment... then comes 1150 Jan. support and it has alot of it there... if we break that.. support does not show up till the 200 day mov. ave.  around 1095....next is 1070 and 1050... but these do not have alot of luv to them as I call it.. they where broken easily on the way up several times if you all remember... cause I was the Sheila Bear for sure and got my heart broken... as stubborn as I am I stuck with it, ouch.... as most of you know.. so as I had told my buddy the Shamrock, the other night... be careful this puppy could turn at any given moment and sure enough this one did... so what do all of you think?   do we go lower?  let me know what you think... I have to run.. BYD hung in there and after hours it is up if any of you took the bait the other day... ABK is looking good again. and so is RTP, it split so that all the little people can afford to buy it now... go check out pug I do not have time right now... have a good night...>L

Sorry, cable out, not able to update..till NOW!

Life is Great!... when your neighbor decides to dig  in your yard and pretends he has no idea thats your cable line that he just cut right thru!... Nice  Huhhhh!... the only nice thing out of all of it, He now know's where his side of the yard is... with a few more choice words on top of that.  I don't mess around with stupidity when it comes down to that type of stuff. I have yet to figure out what the hell he was up to anyway, but another neighb, figures he was trying to tap a line... seems he  lost his job.. get the picture... so... instead of tapping he screwed the 6 houses around him, and got one royal  lippy ass whoopping from most all of us, besides what the cable company will fine him... funny signs all over the place .. do not dig w/o calling this # first... so, with no cable, I had no update... so I went to visit my Momma, who turned a sweet "79" and still has more energy than I do...I hope I make it that long!...  OK, now that you know lets get to what is happening... check this out:http://thecomingdepression.blogspot.com/2010/05/nuclear-bomb-can-only-fix-this-oil.html     What an article... read and see what our brilliant minded  oil diggers did... OK
The market internals are SWEET!  Check out BYD... better known as boyd gaming... nice upside move.. I like it...WE seem to be in that Expanding TRiangle.. and we should be in the last leg up.... some are calling this wave E... I can't be sure about that now.. because wave E should have been a down move... so  on a weekly chart we really could have topped in wave 3 or wave B or Wave C, hee hee.. on or around April 26th... so weekly we have only finished wave C... if we topped in Wave B, or C, then we finished a minuette or minute wave 1 down, then A up then B down and currently in wave C.... did you understand that?..... and if we did start a Wave 4 Expanding Tri... the original scenerio... then we finished wave E on Frid..and that could have started back on around the 18th of april.... OK, have I totally confused all of you?    I luv PUG's charts, and need to borrow one.. but no time right now... ifyou go over your own charts read what I typed really slow... I think you can figure out what I am trying to say.... if not jjust let me know.... so,,, we basically in my opinion are in a topping process... with targets in DJ around 11,400-500  S/P  around 1260    these are just basic #'s off top of my head.. so I will go do my math later.. give you more specifics... but really this is just great... there are some great trades to make yet , short and sweet.. do not stay in this market for long... we really could start what I call Yo-Yoing... up down up down...because many are taking profits.. but, in my gut...this is just my gut feeling, they want to suckker even more folks into the old apple pie, listen to warren buffett... think he doesn't want to make $$... He  plays it off like this is no big deal.. but let me tell ya.. his annual meeting  was a very positive one.. and I just wonder if Warren is still Shorting the Dollar???? or is it now the Euro!  He is a player just like all the rest... He depends on all of us dolphins in this shark infested water...LOL!  gotta run.. will update in the morning... sorry again...>L