Broken Fear Gauge?

The VIX looks rather flaccid for a 22 point drop in the SPX. Look at the reaction, or lack thereof...
You can't tell me that the market isn't more fearful of higher energy prices. Toss in a few earnings disappointments and we should be well off into the 20's on the VIX.

Or perhaps we shouldn't...
The market as a whole is too overly optimistic anyway.

I am surprised that I didn't see more implosions in my long positions today. The only ones I have been surprised about were SII, SLB (small position over earnings) and FLR.

How can I forget the nice surprise in HANS? I cancelled the "HANS Across America" tour and now millions are pissed at me that they are not getting a refund.

I liked CF today...a good ol' blog favorite.
How about the upset I called on the Marketcast last night? Rutgers beat South Florida, and I have footage of the victory...

Thanks to Agent Scully in the Rutgers Nation for sharing these pics.

I am about ready to call it a day. The wife has left me all alone for the weekend, and I am in a bad mood anyway. Sorry for the under-delivering of useful and witty content today, I'll be back with a vengeance next week.

Recommendation: Shake off the bad day today, and get back anything that was lost next week.

Long: Community Support

Short: Ungratefulness

Disclaimer: Thanks again for everyone's support with this competition. Hopefully we pull together a victory.

Jeff, where's Amber off to? Shopping in Paris? Is she leaving the kids with you (is she a stay-at-home mom like me?).

I'm SOOO hoping that you win this blogger's competition. I'm optimistic... But on the off chance that you don't, do you REALLY need to win a competition to understand what this blog means to us?

I think you already know...


Thanks Jeff I think I should follow your lead and just go relax. Even with a foggy head your evaluation seems spot on.

Liz, thanks good advice. What a wonderful communication here..

CF is what I just mentioned (previous thread) as on my shopping list for this afternoon. Nice to have confirmation. It is firming up here even as the rest of the market is tanking.

The silver lining to this awful cloud today is that at least the stuff I got stopped out of is still going down so it could have been worse. AND, I will have a boatload of cash to play with once this market stops tanking.

I think MDC is going bye-bye today. That *ucker is still up a bit while the market is approaching -300. Maybe someone knows something about earnings next week. It's got another half hour.

Jeff, have a great weekend. If you get lonely, we're here for ya.

Hey guys ... I suggest you go back and read this post from Jeff ... It meant truckloads to me when I read it and it sure is a nice reminder this day ....

He put it all into perspective in this post:

Yesterday...Seems So Far Away from one week ago today ... October 12. (about 1/2 way down the October posts)

Enjoy ... This is a needed day .. not a bad one ... I just wish I had more capital to pick up some great entries that are out there and I have bought several already.

is anyone noticing the HUGE open interest in the SPY puts in comparison to calls? Maybe its all hedging but it is concerning, makes me wonder how much that should even be looked at as an indicator.

Jeff makes a good point on the vix though...



Anybody like this retest in UTX?

Cup and Handle HELP

Could a pattern guru tell me if XOM and COP action today has broken the C&H pattern in your view?

Bob, I'm in both of those and I was wondering the same thing. Although, neither of them are near my exit points today...

Bob (and Pam) - COP is looking quite bearish as it is just making a lower high and bouncing off of resistance. XOM is also showing some bearishness but it is really close to support.

No guru here but the XOM depends on how thick your crayon is. COP doesn't look like it ever confirmed a breakout which would make it a non issue to me. If you were anticipitory, where is your line in the sand?

Thanks Krystal and Scoot.

So who jinxed POT. At this point everything even my puts are working against me, well ok LEN is good.

Two more votes from my computer. What a day! Thanks for your comments. Time to get away from this madness.

Thank goodness the market is about to close. It's in a freefall.


YES! The Market's closed... we can stop the bleeding!

I wouldn't be so upset today except the two short positions (you know, the ones that are supposed to balance the longs) are up and my three long positions are down. So much for a balanced portfolio. Bleeding across the board. This is the kind of day I wonder what the h$#@ I'm doing.


Everybody try and have a good weekend and clear your heads.

im bleeding and the only thing that will stop it is a south american hottie. i will not think of the market again today or tommorow - i hope you guys can do the same. im off to medicate myself.


Well! That was interesting. barf.
If it wasn't for my 'insurance' on IWM yesterday, my account would be down twice as much.

I did dump MDC in tha last few minutes even though it (finally) went down because a) it was at my target and b)it was at my target.

Man, those drums are gonna get pounded tonight!

Well Fuck me.

Was this an appropriate time? hahaha.

This was really ugly, I would be even more upset had i not been successful in trading GOOG earlier.

Oh, and Ameritrade wasn't showing my trade postions and if they had sold.

SO I am stuck in SLB and DRYS over the weekend, goody!


I love watcing the IWM puts continuine to go down after the bell.

Matt - we all have one of those days. In fact, many of us had one today right along side you. It is just what the market does and it is part of this business. As for me, I survived and will spend a good part of my weekend looking at what I did right, what I did wrong, how I can improve myself and what my strategy is going to be for next week.

But first, an adult beverage or two.....

Have a great weekend all.

hey its tara, here is the website i was talking about where i made the extra summer cash.......... the website is here


Might I ask what does your posting "Clean Cups" mean?



So did you get a ride out of the breakout on CNQ and (as the Gambler would say "know when to fold em'..................?") ditto for ELON.


I can see that you are putting a lot of time and effort into your post.I love every single piece of information you post here.Will be back often to read more updates!

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Good covered point, lots of people simply put something weired theories in front of public.
But it doesn’t work i think because know one sure how it will going to happen
It looks like just coping ideas which someone has already written. I found even on
popular blogs guest bloggers bring same theories which I already know. I observed they
just try to spice up their article without knowing what really audience want to read.


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  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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