QUESTIONS AND ANSWERS (#3)

You know the drill. Leave the questions below.

MARKET COMMENTARY (6-11-09)

Back in the range. There is one small, yet significant, change. The neutral flag is also forming a 15 degree ascending flag.



Here are some more setups. Parameters were $10-15 and 500k+ vol:

MARKET COMMENTARY (6-10-09)

Warmaster Horus, Commander of all Chaos forces

Look, it's normal to be uncomfortable when the market declines (if you are long), but please, don't pollute my blog with unnecessary panic-inducing comments. You are scaring the others. When I start selling like there is no tomorrow, that's when you should be really scared, and so far, that hasn't happened. All I'm saying is, "calm the fuck down".

We are still in the range and there will be an explosive move. My bets are all currently on the long side.



I noticed that some of you freaked out yesterday. If you paid attention to the SPX chart I provided for you the night before, you didn't have to worry. Charts are supposed to help you leave emotions out of your decisions, and I suggest you start applying that lesson right away.

Here are some more setups to add to the watch list. My parameters were stocks $3-5 with 100k+ volume:

MARKET COMMENTARY (6-10-09)

Sanguinius, Primarch of the Blood Angels

There is a string of doji on the daily which will mark a continuation (as I've said many times before) to the upside, hence my long-time daily huge long exposure. The technicals continue to support further upside movement. If you don't believe in the power of charts, then just quit trading right now. You are a disappointment in my eyes.


A nine point gap up will mark a sustained gap up. It will effectively break the market out of consolidation. It should also force short-sellers to cover, unless they want to stand outside of a 7-11 with a cup in their hand. Pay attention to the range, it's trying to tell you something (I've drawn this range for you for days now, so don't dismiss it).


I am currently up +167% YTD (and don't forget - up over 100% for 4 consecutive years). Keep betting against me, and I'll come visit you outside my local convenience store.

Here are more setups (don't forget the ones that didn't breakout yet in my previous posts). My parameters were $10-20 stocks on 1M+ volume (I don't trade these stocks, but like I said, they are for those who don't want to take large risks $1 stocks):