I know it’s been a while since I’ve served you up any video pleasure. I wish I had a little more time on this one, but if you can stand some rough editing, and a little stupidity, I think this one came out ok.
The basic message is: a lot of you think the market environment has changed, but I’m not sure I agree. I’ve been around long enough now to know that we traders have a habit of complaining about non-trending, choppy markets just about every other month. The markets are constantly in flux between trending and non-trending. The recent drops in the indexes haven’t really changed anything, that I can see. I’m just following the same plan I always do, with a bit of an extra predilection for getting out quick. From what I can see, the good setups are still working, if you can wait for them.
Disclaimer:
March 15th, 2007 at 11:43 pm
nice. After seeing this, I had lobster, steak and roasted potatoes. So quick and easy to make!
March 16th, 2007 at 4:46 am
i agree about the markets…personally, i am glad to see volatility return for however long it lasts
March 16th, 2007 at 5:23 am
oonr7: quick and easy, like asking the staff to prepare it? :-) Or via the paper method?
john: yeah, it should make some kinds of plays easier.
March 16th, 2007 at 5:46 am
richard: btw, is it only volatility when we are on the wrong side? it seems that cnbc never refer to a market making huge moves to the upside as volatile
March 16th, 2007 at 6:03 am
I think for a lot of people ‘volatile’ == ’scary’.
March 16th, 2007 at 7:15 am
lol
March 16th, 2007 at 8:28 am
[...] it’s paper food again tonight! :-) You get used to [...]
March 16th, 2007 at 9:26 am
paper method, of course!!! Personally, this week has sucked. I love volatility, but I don’t like these sudden huge drops or spikes. My watchlist consists of gappers that have cleared 5 day resistance or support… so this has been a slow week to say the least.
I’m having a paper beer as we speak.
March 16th, 2007 at 12:59 pm
An expert tip: With paper beer, you have to additionally sniff the marker to simulate the intoxication part.
I got hit with one of those sudden drops today. I’ll be trying to keep that to a minimum next week!
March 18th, 2007 at 6:14 am
lol funny videos.
March 18th, 2007 at 8:53 am
@Richard: When I said that the market environment has changed, I am referring to the fact that the VIX has increased, and possibly started a new uptrend, and correspondingly, the BPCOMPQ has possibly started a new downtrend. I have no idea whether we’ll see more of that big down day near the end of Feb/07, but I do think it will be while before we get back to the calm, complacent markets in the latter half of 2006.
That said however, you’re right, a setup is a setup is a setup, and the high probability patterns prove themselves by demonstrating that it can work in any kind of market environment.
March 18th, 2007 at 8:57 am
I guess the point is, we talk about the calm, complacent markets at the end of 2006, but if you go read archives of all the blogs out there, you’ll see we weren’t talking about how great it was. We always have something to complain about… some reason today’s markets are harder to make money in than yesterday’s. I’m trying to get out of that mindset. The markets will always be acting crazy, but I should always be able to make money in it, one way or another.
March 19th, 2007 at 1:37 pm
Richard,
Oh my!
I must say…I am truly flattered!
And I LOVED it when you added the A-1! And ate it!!! hehehehe LOL! Gosh! Funnneeee! I really never knew what a terrific sense of humor you have!
Keep up the terrific work you are doing here! :)
March 19th, 2007 at 1:49 pm
@TG: I’m glad you liked it! :-) I must admit, I rather wish I had spent more time on this one.. I think it could have been better. I thought about re-doing it, but I didn’t want to eat more paper!
March 19th, 2007 at 2:24 pm
That paper is good for you! Everyone needs their roughage. hehe
Hey, I was wondering if you could answer a q about stocktickr?
Why no “e”?
And have you heard of stockpickr?
Oh another thing! I loved your description of my site on your linky link page! Very nice! :)
And lastly, can you make a comment in response to someone (like you) on Twitter? Does it have that capability?
March 19th, 2007 at 2:40 pm
StockTickr was born at a time when the fad of leaving out vowels was just gaining steam. Think flickr, etc. I think it’s partly because it gets harder every year to find catchy domain names made out of english words. Dropping vowels makes for memorable names that hadn’t been bought yet.
Yes, I know of stockpickr (the James Altucher thingy), but I haven’t gotten into it yet.
Twitter doesn’t let you comment, like a blog does. If you had a twitter account, the convention is to make an entry like “@RichardTodd lol ur gr8 luv u lotz”. Plus, twitter often figures out that it is a reply, and adds a link to tie the two entries together.
March 19th, 2007 at 5:34 pm
Rchrd,
Thnks fr yr rply! Thts vry ntrstng!!!
And btw, I seem to have heard something about Twitter charging you a bundle for phone calls/replies?
Are you aware of something like that? Oh heck, maybe I will just sign up and find out myself. Then I will be up to date on the times when you eat those blueberry waffles. ;)
March 19th, 2007 at 5:40 pm
Twitter doesn’t charge you anything. However, if you set it up to send your cell phone SMS messages, and your cell phone plan charges you per message, then it can add up! That’s what people mean when they say that.
Maybe you will like it, and I’ll be able to keep up to date on your breakfast choices, as well! Or the status of those silkworms.
March 20th, 2007 at 7:46 am
Well, I have to tell you, that I took a hammer to my cell phone and do not have one at the moment. (one of those long stories that gets longer, but suffice it to say it revolved around a drunk brother)
I will go see if having a cell is required.
And those silkworms are find and back to the classroom. I learned the whole story about how silkworms are used to get silk, boiling the etc. It all sounds so barbaric. And then the class must “destroy” the silkworms when they are done with the project of raising them. I do not fully understand it, but it makes me incredibly sad. Something to do with they can’t let them loose in the “wild” because birds are not used to eating them and could get sick.
I am babbling…but, really. It makes me feel sorry for them. :(
March 20th, 2007 at 8:38 am
I have one of those long-story generators, only it is a drunk sister. I’ve never destroyed any electronics over her, though.
By the time they are at the boiling stage, they really don’t mind much, because the article I just read says they will have already been baked to death in an oven by then. That doesn’t sound like fun. At some point, we will be able to duplicate the silk-making process without the actual worms, I’m sure. Most of the research appears to be directed at spider silk, though…
March 20th, 2007 at 9:36 am
I do admit it was quite stupid, however, after months of pure telephone torture by him, I knew that the only thing left was to get a new phone # and I just took it out on the phone. But, really, I am not that destructive normally…only a person who is abused by an alcoholic would understand. bleah! Anyway….moving right along…
Spider silk! Maybe there is some money in that? Like having a worm farm? Order a gazillion spiders and have a hatchery. Become a millionaire. Save the silkworms in the process! Yay! lol!
March 20th, 2007 at 11:12 am
actually, last big story I remember on it, they had genetically engineered a goat that had spider silk material in its milk. But, they couldn’t successfully spin silk strands from it.
I’ve also seen footage of large spiders strapped to a table, while machines pull silk out of them. It doesn’t look too nice for them…
It’s all pretty gross, to me.
You could replace your phone with a Blackberry… their stock needs a boost.
March 20th, 2007 at 6:18 pm
I can only hope that you are kidding about spiders strapped to a table… please say you are… please!!!
Let me see what I can do for RIMM. hehe
March 20th, 2007 at 6:39 pm
Sorry… I saw it on TV, and can’t find a picture on the internet right away, but wikipedia mentioned it:
“There were efforts to produce garment from Nephila silk. The spiders were fastened and the extruding thread coiled up until the spider was exhausted.”
:-( sad.