burrocrat's Account Talk

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ok, hot read, better be quick, ohama omaha!

i'm going in, when it calls to you then you got to move, it's both a blessing and a curse. i'm talking a short term play here, by no means do i want to hold this position over the weekend, gonna break one off the market, git some.

if it goes south on me then i will be married to this trade it until it comes back around or i die, whichever comes first.

ift to 75c 25s effective cob today.

hold my beer, wheeee!
 
burrocrat said:
ok, hot read, better be quick, ohama omaha!

i'm going in, when it calls to you then you got to move, it's both a blessing and a curse. i'm talking a short term play here, by no means do i want to hold this position over the weekend, gonna break one off the market, git some.

if it goes south on me then i will be married to this trade it until it comes back around or i die, whichever comes first.

ift to 75c 25s effective cob today.

hold my beer, wheeee!
Click to expand...

Good luck oh noble one. Hope you don't end up "squealing like a pig" like poor old Ned Beatty did....dinga dinga ding ding!:eek:
 
ok, the deadline is closed and i did not chicken out, the trade is on. just like in bar pool when playing for money, you got to call your shot. here is the setup i am looking for:

bounce along the even line and maybe fade off 1% by the close today, then tomorrow we launch, 2 day rocket ride, and jump off before the weekend before it all comes tumbling down. c'mon sweetheart, give it to me baby, uh huh, uh huh.
 
alright. the shorts will grow cold and stale hopefully.

hopefully you can put them in the garbage disposal!

I spy with my little eye oil tumbling while S&P remains fairly buoyant....hum?
 
We should backtest it Q! Wait, that would be an enema indicator. Anyways, the "ass indicator" has to be one of the ugliest but best performing indicators so far in 2016.:D:D:D

FS
 
FogSailing said:
We should backtest it Q! Wait, that would be an enema indicator. Anyways, the "ass indicator" has to be one of the ugliest but best performing indicators so far in 2016.:D:D:D

FS
Click to expand...

Ha...it certainly is performing well. But I won't be using my computer to backtest the sphincter indicator :D
 
burrocrat said:
ok, the deadline is closed and i did not chicken out, the trade is on. just like in bar pool when playing for money, you got to call your shot. here is the setup i am looking for:

bounce along the even line and maybe fade off 1% by the close today, then tomorrow we launch, 2 day rocket ride, and jump off before the weekend before it all comes tumbling down. c'mon sweetheart, give it to me baby, uh huh, uh huh.
Click to expand...

ok, we stayed in the 1% trading range i thought i saw and as far as picking a day to saddle up a bear, this was not a bad one. now i just gonna bury my hands deep in the fur, give it a couple of sharp kicks in the ribs, and see how fast she can run, got at least a 50/50 chance of it being in the right direction. hiyaa! hyup hup!
 
saw the setup yesterday, check. got today's morning market pop, check. things blasting steadily to the moon, not check.

this riding a raging bear is not so much fun as i thought. i wonder if i should jump off and run away before it turns around and eats me.
 
burrocrat said:
saw the setup yesterday, check. got today's morning market pop, check. things blasting steadily to the moon, not check.

this riding a raging bear is not so much fun as i thought. i wonder if i should jump off and run away before it turns around and eats me.
Click to expand...

You're green right now, I wouldn't complain. I wouldn't call this a rally yet but your buy in was on target so far.

Good luck and make some money so that you can finish the hot tub for the ark.

Frank
 
I'm wondering the same thing Burro. Not enough info to feel comfortable with the longer term play. The Yen continues to fall which is good for todays market. Oil is up which is good for todays market. But we haven't broken above resistance at 1893 at this point. Also Gold is up which indicates either a bull trap or that the smart money is buying gold. They do that a lot....have us "not-so-smart-money types" buy in while they sell and buy the next big thing (or tis a bull trap). We'll see what happens. Will update later. For now, if I do sell today, it's probably a mistake since this baby has the potential to go to 1970. Right now, I'm up...part of me says don't be greedy...but (wait look in the mirror) I am greedy.:D:D:D

FS
 
burrocrat said:
yep, pull it, bail bail bail. ift to 100% g-fund at cob today.
Click to expand...

i got the setup and the liftoff, but i am pretty sure i'm going to blow the landing. i am out and i'll take whatever treats or tricks the market dishes out by end of day. this did not develop the follow-through strength i needed to see to be comfortable holding this position even overnight in this volatile market, i just don't trust it. i was looking for a 2-day pop but just blew my entire february ift load on a 24-hour round turn.

on the bright side, my burrocrat line on the burros-ark weekly chart will now diverge (one way or the other) from the g-fund line which i have been hugging tight all year. it sure would be nice if it finishes positive today, but i don't have much confidence in that. good luck to anybody brave enough to stay in the market and stare this monster in the teeth, i hope you get rich.
 
Just did Burro. I'm probably missing out. I think there are two big plays that may yet happen this month (1) oil rallies - it's due (2) China devalues the Yuan. Both could give SPX a big boost BUT right now I'll take my poker chips, say thank you if we finish positive today, and look to play another day.

FS
 
this trade is not developing the way i wanted and i am uncomfortable in this volatile market.

SO....No Pudding for You! :nana:
 
Burro. I see where you are coming from all kidding aside.

One thing I took notice of was the de-coupling of stocks and oil recently (in a big way) so I will gamble
that can occur anytime and this trade will follow thru according to the technicals to the upside.

And that could move up to the 20day EMA, before it peters out.

Not sure of the % of gains if that happens - guess at least 4%??
 
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