Market opens in 30 minutes, WHO'S IN?

**Dark Horse** · 10-30-09, 11:16 AM

DH also reporting negative forecast for November.

**Shafted69** · 10-30-09, 11:39 AM

Hey BUZTAH! I'm having a ball with my wife & kids in Italy. We visited Vatican City today. It was golden. At 1000 per ounce, Vatican City must be worth half a trillion dollars, LOL.

FAZ FAZ FAZ! Bought some FAZ at the close yesterday, will hold until DOW corrects to 9000 if I don't get stopped out.

Raised my FAZ stop to 21.81.

**buztah** · 10-30-09, 12:25 PM

Shafty, nobody does it better. Helluva good entry point! Well done!

Have always wanted to see Italy so enjoy for me, pal. FAZ=BEAST!

**buztah** · 10-30-09, 12:31 PM

I'm avgd in at appx 21.20 and have my stop reset, as of today, to 21.50 pps. We could see 24 by Tuesday. Come on!

**buztah** · 10-30-09, 12:54 PM

Resistance at 23 on the 5 and 10 day. Stop moved to 21.90 here.

**buztah** · 10-30-09, 01:06 PM

Stop moved a bit to 21.75 here. I sense possible MM games.

**RageWizard** · 10-30-09, 01:21 PM

Just checking in, I haven't been around lately. If you get time check out my short position I told you guys about last month (DAN). It is currently falling of a cliff, and the money is filling my bank account. One last tihing, I love a falling market more than the next dude, but if the market can't get back to 1050 soon, it will tumble down to the July area of around 940. Later.

**buztah** · 10-30-09, 01:23 PM

Rage, you big kok you. Good call on DAN!

**buztah** · 10-30-09, 01:39 PM

Loving the charts on FAZ and FAS for confirmation of a correction. FAZ has a nice bull flag in the making at the 23 resistance area (10 day chart) and FAS has a comparable bear flag/pennant in the high 60s. Plus the RUT has completely confirmed a double top. Boys, next week could be real ugly. HAHA!

**buztah** · 10-30-09, 02:10 PM

FAZ playing with low 23s here, tryna turn it to the new support. No stop in place for the rest of the day. Let's see how high they take her into the close.

**Dark Horse** · 10-30-09, 02:24 PM

Originally posted by RageWizard

One last tihing, I love a falling market more than the next dude, but if the market can't get back to 1050 soon, it will tumble down to the July area of around 940. Later.

Could be much lower by Thanksgiving. Low 97's already and plenty of fear ready to burst out of control.

But first the evil Grand Wizard Bernanke is up next week.

**Shafted69** · 10-30-09, 02:24 PM

Taking FAZ home for the weekend ! My stop is safe.

**buztah** · 10-30-09, 02:30 PM

Shafty, I am taking her home too, unless they run her to 24 today, at which point I would take a very large profit and look for reentry next week. GL! As DH pointed out, never know what evil Ben has planned for next week and they could try to manipulate an up day. They can't stop the inevitable for long though.

**buztah** · 11-02-09, 10:14 AM

Just holding FAZ here. Not much else happening for me today. Deep stop set at 20.20 as I think this will see 24 in 2 weeks or less but likely we'll have lots of shakes.

**buztah** · 11-02-09, 10:30 AM

My Nasd, Dow, Russell 2000 and SnP charts all indicate that today's early rally is a mere gasp for air by the bulls before a good leg down in the near future. The MACD on all of em indicates severe weakness and a good plunge well below the fifty DMAs is on deck (some are already trading below the 50).

**Fishhead** · 11-02-09, 10:35 AM

SELL, you have been warned.

**Shafted69** · 11-02-09, 10:38 AM

stopped out of FAZ 21.81. still a decent gain from thurs buy in at closing bell.

BACK in FAZ again at 21.50

**buztah** · 11-02-09, 10:48 AM

Nice goin', shafty! You still in Italy?

**Shafted69** · 11-02-09, 10:54 AM

Out of FAZ 21.75 ! Heading to Leaning Tower Of PISA !

Enjoy the rest of trading day BUZTAH!

Those manufacturing numbers look awfully good. Bernanke might hype up the markets tomorrow.

**buztah** · 11-02-09, 10:57 AM

Wow, what a day for you! Take it all in, baby! Get some of that good food too.

ben is a joke but he can move markets. I see a mini ascending triangle (at present, as of 10:55 a.m.) being formed on FAZ, based on the last 4 candles on the 3 month chart. Still holding her here.

**buztah** · 11-02-09, 01:33 PM

Oh shit, Shafty! LOL! Just back from grabbin' a bite and my GTC sell at 24 filled! HAHAHAHAHAHAHHAHA! That covers all of November and half of December's overhead! YEEEEEEEEEEHAAAAAAAAAAAAAAAWWWWWWWW!!!!! !!!

**buztah** · 11-02-09, 03:14 PM

Nibbled FAZ 22.80s here.

**buztah** · 11-02-09, 03:29 PM

Out FAZ 23.20s here. Going all cash into the night.

**buztah** · 11-02-09, 03:59 PM

Have a good one, Shaftay! Off to exercise n buy some good red wine to celebrate with tonight. Later, my friend.

**RageWizard** · 11-02-09, 07:12 PM

So the market ends up today, but a closer look shows that people are jumping off the small and midcap stocks like it has the swine flu.

Took allot of profits today in (DAN) because they report tomorrow, and I think it will actually have a pop after they report. Ford came in today and actually showed a profit. Well actually when you lay off everybody including the janitor, then the government gives people 4 dimes to buy a car, it is pretty hard not to make a profit, or at least "beat the street". Well DAN got a bounce from ford since 30% of DAN's business is from Ford. But stop and think about it, DAN makes the F-150 truck frame and some other items such as drive shafts and some other shit, not little car things. Actually SUV stuff, do people still buy those things, looking at my business calendar, and you will see the answer is no. I haven't done shit except quote some solar panel stuff in the last 3 months, no shit. Anyway, they got a pop today, and by tomorrow, I expect the sell off to continue. I really hope they do report a profit, and not just because I work there, but because if they show a profit of anything tomorrow, it will pop in the morning, and I can come in with about 10,000 shares and short the shit out of it again and watch it ride from 5.75 to 2.00 by Christmas.

**buztah** · 11-03-09, 10:08 AM

In FAZ 22.43s here.

**buztah** · 11-03-09, 11:39 AM

Locked in FAZ profit at 23.30s here. BOOOYAAAAAAAAHHHHH! Will look for re-entry later, if the right opportunity presents itself. Still looking like an ascending triangle on the chart to me.

**Shafted69** · 11-03-09, 11:55 AM

Go BUZ ! Taking day off. At the In-Laws in Florence.

**buztah** · 11-03-09, 01:20 PM

Shafty, look at you! Big time!

Back in FAZ 22.70s here.

**buztah** · 11-03-09, 02:04 PM

Doubled down FAZ 22.19s here.

**buztah** · 11-03-09, 03:50 PM

Takin' FAZ home. This market and the charts of the major indices feel ready for a good fall imo. Even the F and Buffet news of the past 2 days has been unable to prop the mkt up. Time for a lil fear.

**buztah** · 11-04-09, 09:33 AM

Riding out FAZ here and will look for the right opp to add more. The major indices still have downside.

**buztah** · 11-04-09, 09:39 AM

Bought more FAZ 21.20s here. Avg in at about 22.35 here now and will ride her out.

**buztah** · 11-04-09, 10:25 AM

Allah bless me but I have just bought more in the 21.20s here as I don't see how the market has any spark to make a big move up, let alone the fins. If the FED keeps the rate the same, such is expected and the mkt should sell off. If the FED would finally do what it should and raise rates so that the economy can recover in a sane manner, rather than going this BS propped up route, the fins would tank.

BIG BET on FAZ here now. Need 22 to break even. If she hits 19, I will be out with a loss and give up all the great FAZ profits from earlier this week. Gotta go with my gut here.

**Shafted69** · 11-04-09, 11:47 AM

Just bought some FAZ @ 21.70 for quick intraday trade. Still at the In-Laws .............. I'm trapped for another day.