Friday, September 19, 2008

A Few Charts of Interest.

A little luck getting long the SDS but sometimes you need that when the house is crooked. And believe me Paulson, Bernanke, the SEC, congress, et al are as crooked as they come.

Ditto here with the luck on the Dow getting long the DXD. Please notice the lack of volume. You think some lights are going on in equity land regarding what is going on.

Now these guys do know what is going on. And they do not like what is happening. They may nix the bailout plan as they vote on it with their feet as they stampede for the exits.

What a blastoff. I patiently await a correction.

This chart of nat gas, ticker UNG, is looking better and better by the day.

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 2 units of Ultrashort S&P ticker SDS @ 61.75 stop at $57.69
Long 2 units of Ultrashort Dow ticker DXD @ $57.85 stop at $53.79
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $126.36
Short 2 units of Apple ticker AAPL @ $178.05 stop at $177.76
Short 2 units ticker CRM @ $56.05 stop at $60.62
Long 2 units Hecla Mining ticker HL @ $5.20 stop at $3.89


Hard Right said...

DXD won't be nearly as much fun now that Dow Jones has replaced Government Cheese with Kraft Cheese.

Harleydog said...


They could replace each and every one and it will not change the outcome.