National Weather Services issues a WARNING!!!!

KNOXVILLE, TN: The National Weather Service has just issued a tornado warning for the Knoxville, Tennessee and surrounding counties. All citizens need to immediately go to Neyland Stadium as a touchdown there is highly unlikely under current conditions.

REPEAT......the National Weather Service has issued the following warning, please go immediately to Neyland Stadium.

What a day for George.....he is rolling now

Man oh man, today when the market opened in Japan we were up 1%, but as the world began their day, it started to go the other way and even George is amazed that Congress can pass anything except gas!!!!!

But today, isn't the biggest down day...percentage wise that is, in fact it's not even in the top 10 percentage down days, sothere is still hope these clowns can decide what is good for America, instead of their own pockets for a change.....

It took a week, but we have a deal.....

Main Street is running for the hills, people aren't talking about $3.50 gas anymore, or that one candidate is better then the other, they are not just worried about things, most are scary.

I usually try to believe the best in most things, that everything will work out, well that was up until September 2nd, when the market was retesting a .786 of the last swing, it make not sound like much, but we had to clear that 1305 or we were going to retest the low.....and we did on the 11th. Then as the market tried it's best to clear the .618 at 1280 and couldn't I thought....WOW.

The odds were we would go to a 1.272 extension and the world would just fall apart if we did. I was trading back in 1987 and in 1990, of course I was around in April of 2000 and in Sept of 2001 and had seen these conditions before.......the public was in a panic and the politicians were flapping their wings and smiling for the camera as Main Street screamed in the night and couldn't sleep for out of fear.

We moved everything over 100k into TIPS, just in case, the sky did fall but it appears now the world has been saved again. One could easy write a million words about the current mess and how we got here and who is to blame, but that is the only things that politicians seem to be able to do. A local bank here had just financed an upper end sub-division and was offering financing so you could buy a lot, (unofficially the theory would be to buy it, flip it in 2-3 months and made "X" profit...a no brainer), they were about 3 acres, and with no money down and no interest for 180 days, and then interest only. I was thinking to myself, no money down and no payments...what is wrong with this deal????? Now I see furniture companies advertise all the time...NO PAYMENTS UNTIL 2012, but this is real property and a real bank. It turns out, it was a disaster as now people are stuck with a building lot and no buyers. The developer has even gone back in an bought some lots so the comps would stay high and a fire sale didn't break out. Now when a community bank is willing to make deals like this.....well it's only a matter of time before it's over.

I wonder if the up tick rule was still around, you know that little rule that has been with us since......let's see......of yea...THE GREAT DEPRESSION would "they" have been able to run AIG, LEH, BS, MER and last but not least WM into the ground until their credit rating was downgraded and that required the feds to do something. Would that have slowed this train down? Would raising the 100k dollar limit, which I think has been around since 1861, to say 250k or 500k also helped prevent runs on the bank as people moved money all over the place the past two weeks in a panic mode....you know 100k in every bank in town or like we did into TIPS and out of the banking system entirely?

The sun will rise tomorrow, that is for sure, and the market will open and we will watch a relief rally no doubt, if for nothing else, the fact that a plan is in place, a good plan..most likely not, but at least it's something. And we can all get back to doing what we do for a living...and worry about how many cupcakes we need for the bake sale at the next soccer game. And when we gas get below 3 bucks a gallon so we can dust off those SUV's and hit the road.

It's nice to see things get back to normal and the only thing we have to fear is fear itself......or something like that. Now the media will take the entire week, until even they get bored with having Pelosi explain the entire 110 page bill, before they can find something else to whine about. The Nikkei is already up almost a full percentage point while the NZX is up .8%.

Thank goodness we had the media, the only thing that could have been worse would have been if Nancy Grace talking about economics and yelling the sky is falling the sky is falling the past two weeks.

Facing the mountains of life......

We all have to go our own path sometimes, in fact, most of the time. Life is always giving us something new to work with, build on, adjust to and of course, I am no different. I enjoy my work, each and everyday, trading runs in my blood and it runs deep.

The cat and mouse game of being on the right side, taking a piece of a swing, cherry pickin the top or bottom...what a rush. To take a trade and get stopped out only to see it take off in your direction and in the end, you were right, but..........We all going thru these moments as we scream, yell, pound the keyboard and walk out of the office lookin to kick a cat or something on the way to the frig. That is why I understand your pain at times......been there, done that, and enjoyed every moment of it. WELL, almost every moment that is.... :)

Everything a person can do trading, I have done so many times it isn't funny, but it is...because I thought it was you guys out to get me. Turns out it was me out to get me, nothing more, nothing less, like Barney shooting his gun off while putting it back in the holster.

Living is a serious business, in a blink of an eye, you could be gone....never to enjoy those moments in time, that as you get older, you know will never happened again. Watching kids grow and grow up with their pets, sharing quiet moments with your spouse, laughing with friends over something stupid, telling jokes and busting on ole buddies over a sports team.....it could be gone in a blink of an eye.

I guess I have found out since June, that I am not who I thought I was, I'm not Superman, Batman or even Robin, I used to think I was. When building the house I live in now, I would have a contest carrying pecky cypress boards with my 16 year old son. He carried 4, I carried 5, he carried 6, and on this went until we got to 16 and I watched as he lifted them off the ground saying to myself, "Drop them, so I win this stupid thing," well he didn't. He carried them across the 2nd floor over to a sorting area and set them down. That meant I had to carry 17 boards, 8 inches wide and 12 feet long. It took me all I could do to lift them up, and I had to focus on a spot across the room and hard, step by step by step, ever closer to the sort room, step by step I could feel my heart pumping, I started to sweat, I even began to shake with the weight of the boards on my shoulders, step by step and I finally got there and then I had to set them down without spilling them. By the time I got them down I was within second of passing out.....but that is what Supermen do and Dad's.

I have had to learn that rocking on the front porch while drinking some ice cold green (fricking) tea isn't all that bad. That turning off the monitors and watching Dancing with the Stars with your wife isn't the end of the world, that oatmeal with or without blueberries actually is good, even if it's 6 days a week, because Sinful Saturday is only 3 days away.

I have had to postpone the workshop until after the begininng of the year, for a number of reasons, but I'll miss busting on attendees, laughing about doing the candle thing and all the great times we have when we all get together with no agenda other then just spending time and share experiences together...isn't that what life is all about.

You will be getting an email in the next few days with details of the future...and it's all good....I plan to be around a long time.....and doing what it takes to get there.....PEACE!!!

A Redneck Smoke Detector.....

OH, sometimes you just don't have to say anything.......

Times are changin for sure......even in the chat room

For those of you who love being in the chat room following along as I work my way thru the land mines out there.....you know that I have had an open and freeeeeeeeeeee chat room on TradingRooms.com for some time.

Well, as of tonight, that chat room is locked down and only those who provide me with their TradingRooms.com UserID and have a valid email address will be allowed to play in my sand box.......of course, there are reasons and I am sure that the brown shirts over at the Woodshed know most of them that caused this move for the rest of you.

If you want to play games all day instead of trading that is fine.....but I only play to WIN.......and not to come in second, otherwise known as the first LOSER....

So send me an email with your TradingRooms.com UserID and let me check it out, then I will send you the new password......and I wonder how Bernice is doing these days....

STRESS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

A lecturer, when explaining stress management to an audience, raised a glass of water and asked 'How heavy is this glass of water ?'

Answers called out ranged from 20 grams to 500 grams.

The lecturer replied, 'The actual weight reallydoesn't matter. It depends on how long you try to hold it.
If I hold it for a minute, that's not a problem.
If I hold it for an hour, I'll have an ache in my right arm.
If I hold it for a day, you'll have to call an ambulance.

In each case, it's the same weight, but the longer I hold it, the heavier
it becomes.'

He continued, 'And that's the way it is with stress management. If we carry our burdens all the time, sooner or later, as the burden becomes increasingly heavy, we won't be able to carry on.'

'As with the glass of water, you have to put it down for a while and restbefore holding it again. When we're refreshed, we can carry on with the burden.'

'So, before you return home tonight, put the burden of work down. Don't carry it home. You can pick it up tomorrow. Whatever burdens you're carrying now, let them down for a moment if you can.'

So, my friend, put down anything that may be a burden to you right now. Don't pick it up again until after you've rested a while.
Here are some great thoughts when dealing with the burdens of life:

* Accept that some days you're the pigeon, and some days you're the statue.

* Always keep your words soft and sweet, just in case you have to eat them.

* Always read stuff that will make you look good if you die in the middle of it.

* Drive carefully. It's not only cars that can be recalled by their maker.

* If you can't be kind, at least have the decency to be vague.

* If you lend someone $20 and never see that personagain, it was probably worth it.

* It may be that your sole purpose in life is simply to be kind to others.

* Never put both feet in your mouth at the same time, because then you won't have a leg to stand on.

* Nobody cares if you can't dance well. Just get up.

* It's the second mouse that gets the cheese.

* When everything's coming your way, you're in the wrong lane.

* Birthdays are good for you. The more you have, the longer you live.

* You may be only one person in the world, but you mayalso be the world to one person.

* Some mistakes are too much fun to only make once.

* We could learn a lot from crayons... Some are sharp, some are pretty, and some are dull. Some have weird names, and all are different colors, but they all have to live in the same box.

*A truly happy person is one who can enjoy the scenery on a detour.

Have an awesome day and know that someone has thought about you today ...

May you always have. . . . . . . . .
Love to Share . . . . . . . . . . . . . . . . . . .
Health to Spare and Friends that Care.

Panic would be the key word this past week...PANIC

The word PANIC is defined as: A sudden overwhelming fear, with or without cause, that produces hysterical or irrational behavior, and that often spreads quickly through a group of persons or animals.

There was, of course, the PANIC of 1873 when Jay Cooke & Company of Phildelphia filed bankrputcy followed quickly by a meltdown of the Vienna Stock Exchange that cause an ecomonic depression that lasted for 4 years.

Then there was a brief panic on Wall Street in May of 1884, when Grant & Wood Bank suddenly failed, key word was brief before things got back to normal....

People forget about these moments in time, 1929....1987....1990...2000, remember the tech bubble....and now 2008, this time it's sub-primes, and I am sure that some of you really really old guys know a few more. I received this in an email and thought I would just pass it on....

ALMOST ARMAGEDDON
By MICHAEL GRAY
The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post. Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow could have collapsed to the 8,300-level - a 22 percent decline! - while the clang of the opening bell was still echoing around the cavernous exchange floor. According to traders, who spoke on the condition of anonymity, money market funds were inundated with $500 billion in sell orders prior to the opening.

The total money-market capitalization was roughly $4 trillion that morning. The panicked selling was directly linked to the seizing up of the credit markets - including a $52 billion constriction in commercial paper - and the rumors of additional money market funds "breaking the buck," or dropping below $1 net asset value. The Fed's dramatic $105 billion liquidity injection on Thursday (pre-market) was just enough to keep key institutional accounts from following through on the sell orders and starting a stampede of cash that could have brought large tracts of the US economy to a halt.

While many depositors treat money market accounts as fancy savings accounts, they are different. Banks buy a variety of short-term debt, including commercial paper, with the assets. It is an important distinction because banks use the $1.7 trillion commercial-paper market to fund their credit card operations and car finance companies use it to move autos. Without commercial paper, "factories would have to shut down, people would lose their jobs and there would be an effect on the real economy," Paul Schott Stevens, of the Investment Company Institute, told the Wall Street Journal.

Cracks started to show in money market accounts late Tuesday when shares in one fund, the Reserve Primary Fund - which touted itself as super safe - fell below the golden $1 a share level. It had purchased what it thought was safe Lehman bonds, never dreaming they could default - which they did 24 hours earlier when the 158-year-old investment bank filed Chapter 11. By Wednesday, banks sensed a run on their accounts. They started stockpiling cash in anticipation of withdrawals. Banks, which usually keep an average of $2 billion in excess reserves earmarked for withdrawals, pumped that up to an astounding $90 billion by Wednesday, Lou Crandall, chief economist at Wrighton ICAP, told The Journal. And for good reason.

By the close of business on Wednesday, $144.5 billion - a record - had been withdrawn. How much money was taken out of money market funds the prior week? Roughly $7.1 billion, according to AMG Data Services. By Thursday, that level, fed by the incredible volume of sell orders pouring in from institutional investors like pension funds and sovereign funds, had grown to $100 billion. It was still not enough to stem the tidal wave. The banks knew something drastic had to be done. So did Paulson. The injection of capital into the market was followed up by calls from Treasury Secretary Hank Paulson to major money market players like Bank of New York Mellon and State Street in Boston informing them that federal money was in the market and they should tell their clients the Feds would be back with a plan to stem the constriction in the credit market. Paulson knew the $105 billion injection was not a real solution.

A broader, more radical answer was needed. Hours after Paulson made his round of calls to calm the industry, word leaked out that an added $1 trillion bailout of banks was being readied. Investors cheered. At about 3 p.m., news of the plans was filtering up and down Wall Street, fueling a 700-point advance in the Dow Jones industrial average through 4 p.m. Friday. By that time, Paulson had announced the plan. It included insurance on money market accounts, a move that started in quiet Thursday morning, when the former Goldman Sachs executive saved the country from a paralyzing meltdown. mgray@nypost.com

I guess the bottom line is fairly simple, history repeats itself, long term investments will either go to zero or to the moon and it's only paper.... :)

The "WILL" of God continues.......

I have received a lot of email on this subject and will post the interesting one to give some light on this ageless question.....Most people believe that you have to pick a side when it comes to free will and predestination. My first question is why do you have to pick? Why can’t you have both?

I wish I could take credit for this next phrase but I can’t. I ran across this in a book that I am currently reading. In the book this phrase comes from God

“Remember this, humans are not defined by their limitations, but by the intentions that I have for them; not by what they seem to be, but by everything it means to be created in my image.”

One way that I look at this is in sports. What if we had an Olympic weightlifter that has been blessed by God with unbelievable strength? He uses that strength to set world records and to promote positive image of himself and the sport. Now what if in the end of each event he said “I want to thank God for everything” Not only has he glorified God he has also used the gifts that he has been given from God to help promote Gods Will. Meaning everything is possible through God.

Now what if that same weightlifter went over to the marathon track and tried to compete? He would be CRUSHED!!!!!! Then at the end he says “I want to thank God for everything” How is he using his God given gifts to promote God? He was not given the gift of speed and endurance. He was given the gift of strength.

So when it comes to predestination and free will the choice is easy for me. We are all created different. Every single person has been born of given ONE thing from God that they can do better than anyone else. That is the predestination part.

What you do with that gift is the free will part.

So what are you doing to take that ONE thing, that ONE gift that you have been given from God to in order to glorify his kingdom?

A friend is just a friend....I think not!!!

A friend makes you laugh when you are suppose to be crying.
A friend makes you feel rich when you don't have a dime.
A friend makes you feel hope is there when you feel all hope is gone.
A friend protects you when your worst enemy harms you.
A friend is there when backstabbers are not.
A friend helps you when others scandalize your name.
A friend is just like your brother or sister, a knot ties you two together and never never comes apart.....until we meet again.....my friend.

VISA..........I'm all charged up now..... :)

Well, I took 14 picks from three market gurus and found 6 trades, however, all these trades were for longs. The reason is, the market gurus picks were for stocks to buy for your portifilo. Some of these picks were just flat out sells, which reminds me of watching CNBC one day when a fund manager was talking about how great "his" portifilo was doing, the empty suit asked him, "Well what do you recommend our viewers buy?" Smuckers Jelly the reply came back, and instantly I punched it up using the base system I will showing at the workshop in two weeks. IT WAS THE BEST LOOKING SHORT I HAD SEEN IN A WHILE!!!!!!!!!!!

Why would someone come on CNBC and tell everyone to buy a stock, because the bastard wants to get out of the stock at the best price and needs sucker like us to pile in.

So out of 44 stocks that 3 gurus had picked, only 6 were any good to buy and only one of those stocks was a nice winnner.....So do you follow the gurus or do you start to find your own path?

I did talk about "V" (Visa) and selling October 75 puts for around $5.00 give or take a couple of cents back on September 4th. For those of you who read this blog at the time, must have thought I had lost it. Well, today it closed at $11.60. Now this doesn't sound like alot.....but in 14 days this pick is up about 230 percent.

Now for me, that is one HELL OF A BASE SYSTEM......are you coming to workshop there are still a few seats few...... :)

Wife needs to get her act together and soon.....

When the market opened, my Q trade was up $ 1,880.
I was taking it off...but decided to stare at it in hopes of making that amount double.
Soon, it was only up $ 1,000., and not much later it was a loss.
Then it became a $ 2,640 loss. A $ 4,520. swing in one hour.
Ah, then it started down and by lunch time I was back to breakeven. (wife said to take it off) (I decided to stare at it to make it go lower so I'd get my $ 1,880. back)
By 2:45 the trade was losing $ 2,320 again. Dang! (wife should have taken it off for me while I continued to stare at it)
Finally, at 2:48 another break and I can see my $ 1,880. just minutes away, maybe twice that much!
Then, wife tells me to get my money back at $ 45.49 for breakeven. That is the way a loser trades, just trying to get back to breakeven.
Price hits $ 45.49, then bounces away.

OH NO, NOT AGAIN!!
Chase, Chase it!

So, I settle for 45.53 for a small 4 cent loss. Boy do I HATE losses!
And then...it drops just as I said it would and I leave 9 cents on the table!
(Wife needs to get her act together if she is to continue in my trading office, geesh)

A new website for you folks to check out.....

Ok, here it is the world's best greatest most informative trading website ever developed for traders.......it is just packed with with a hundred thousand ideas on trading every market on the planet and 24/7. Talk about being cited...... :)

http://www.mytradersparadise.com

Have fun.......

Can you afford to step out on the edge ....EVER???

I am sure that very few know about the life of Hobab, he had the chance, during his life, to take a giant step in faith and make a mark in history forever. But he didn't, he decided to return to his family and continue to do what he did everyday.

Then we come to a couple fellows named Simon and his brother Andrew, later two others named James and and his brother John. When they were given the opportunity to take a chance in life and breakout, they left everything behind to started a new life.

What does Hobab and the other fellows have to do with trading, you ask??? A lot, you have the choice to continue to do what you do everyday. Play it safe, and just trade a small size, take those small profits, watch losers, chat in a chat room and on and on. OR you can take a chance, step out of the box and leave it all behind, to become what God's "will" has for you......no one will ever remember Hobab because there is no reason too.

Just a thought......
What did Abraham do again???????

The Auto Trader has hit a tree in the middle of the woods.

It was a grand event, big time promotions at the Trade-a-Longs...I mean workshops, it was pumped up as the greatest thing since chocolate met peanut butter. And the experience started with moderators promoting the Auto Trader. I am sure that they all were using it, in real time, and had first hand knowledge of how it worked and had seen the performance first hand. While else would these good hearted people who were trying their best to help others promote this if they didn't have first hand knowledge.....RIGHT? It was May 1st when the Auto Trader began it's journey with $4,940.93, however, that first day it had a losing day of $26.88 (I have the snap if you don't) but we all have losing days right from time to time.
But over the past 4 months as Kenny would say, "You can't look at this short term, you have to stay for the long term," the Auto Trader continued to have some problems until the 1st of September when it was pulled, and now has been totally replaced with the next generation of the Auto Trader. The ending balance for the experiment was $2,650.29 with a losing day of $45.04. this was to be the best system ever developed by Kenny himself, his ideas, his 37 years or so of endless research ended up losing just over 46%.

HOLD THE PRESSES: This ain't no PFG thingie, now it Ninja Trader who is up now.....hummmm, I have to think about this. It started out with free charting, then it went to testing Trade Station and Bill said, "No thanks." Soon he was off to eSignal and the special template, with a discount if you signed up thru the website, the best part was that a donation would be made in his name.....HOLD IT AGAIN, I think I checked that out and eSignal said there was a deal, but not that one.....then we were off to PFG Navigator.......hmmmmm....and now Ninja Trader????
Let's review:
First, after this little blog hammered at the theory that something might be wrong with the donations to Make-a-Wish from all these Trade-a-Longs that PFG sponsored, then Mplay exposed more problems the logo from MAW was removed......

Second, then after the last Trade-a-Long which was sponsored by PFG, the next one is on the web, and there is nothing about PFG anywhere, I wonder why?????? You know I wonder A LOT about things....:)

Third, after 4 months of pounding and promoting the PFG AutoTrader, it now has just dropped off the website and is replaced by one from Ninja Trader......

Does this mean that PFG has figured out sometime that others of us have, in time, also figured out. Now don't worry, all you Kool-Aide drinkers, it's all about re-inventing yourself......and no need to point out who is the "MASTER" of that one.

KENNIES CCI (TWO HUNDRED & ONE) DVD HOME STUDY COURSE

Due to world demand and the inability of traders from North Korea, Zimbabwe, Myanmar and South Ossetia to tag along for Trade-A-Longs, Kennie is releasing a complete 3 DVD set with over 5 hours explaining CCI (two hundred & one) trade setups and the mental dexterity to trade them.

Special Bonus #1
Kennie demonstrates the use of CHOPsticks on tofu in the Szechwan market.
Special Bonus #2
Follow Kennie on a paranormal search for the elusive GHOST.
Special Bonus #3
NEW For the first time Kennie introduces LIPSTICK for traders of Lean Hog and Frozen Pork Belly Futures. Watch as Kennie applies it to the open and smears it off three hours later. WARNING: Will not work on Milk Class IV Futures.

Customer Testimonials

“I love Kennies Home Study Course…such a nice boy, that Kennie…one complaint, though Kennie, screw the E-minis, Eurex, naked shorts and all that other crap… I trade cattle…“Where’s the Beef?”
Clara Peller
Wendy, Ilinois

“The CCI (two hundred & one) course teaches the importance ‘of achieving inner peace by finishing all the things you have started’... so before I started my trading day, I looked around to see things I’d started and hadn’t finished … I finished off a bottle of Merlot, a bottle of Shhhardonay, a bodle of Baileys, a butle of vocka, a pockage of Prunglies, tha mainder of bot Prozic and Valum scriptins, the res of the chesescke an a box a chocolets. Yu haf no idr who gud I fel…Peas sen dis orn to dem yu fee ar in ned ov inr piss...”
Mrs. Peacock
The Villages Retirement Community, Florida

“The quality & professionalism of this DVD is the best I’ve ever seen…better even than the $114,000 I paid to Rielle Hunter’s production company…no KIDding!”
John Edwards
North Carolina

“My trading was a drag… I crossed over to Kennies CCI... I’m queen of the trading room now!”
Bernice
Toronto, Canada

“This course is, hands down, the best… I am now able to get out of my shorts without sweating…the Lipstick setup, though, gives me the drive heaves for reasons I won’t go into…”
Ned Beatty
Deliverance, Georgia

“We thought we were average traders from Aussie Land… after trying Kennies Home Study Course… we now know we’re ‘down under’.”
Jack & Sheila
Australia

“…Kennies Home Study Course matches my Dial-O-Matic, Pocket Fisherman, Inside-The-Egg Scrambler, Mr.Microphone, Solid Flavor Injector, Smokeless Ashtray, Cap Snaffler,Six Star Knife Set… only second best though to my GLH 9 Hair in a Can Spray...”
Ron Popeil
CA

“…@#!!%...”
drbob
Traders Haven, U.S.Lower 48

“Tired of being a caddy…take Kennies course… now it’s your putter, not someone else’s.”
Steve
Las Vegas, Nevada

SPONSORS:
The Vermont Scented Candle Company, “Candles helping Candles”
One Potato, Two Potato, Simple Trading System, “BUY green dots, SELL red dots”
Testosterone Nasal Spray, “Like Roger Federer you to can say, ‘new balls please’”
Traders Anxiety Laxative (TAL), “when your position is getting squeezed don’t hold back, take a TAL”
Swing Traders, “for live alerts call Mona 1-800-LEG OVER”
Goo Goo Clusters, “order by net weight .382 .618 .786 1.27 or 1.61 ounces”

PRICE: 3 monthly payments of $144.89 plus a one time only $21.34 fuel surcharge.
(Residents of Zimbabwe must bundle their currency in 13oz. stacks)
(Fuel surcharge waived for North Korea’s, ‘I’m so vewy wonley’, Kim Jong-il)

Bonus DVD IF you act now!!!
Kennies explanation of credit default, interest rate and equity swaps transactions not handled by electronic confirmation platforms, averaging about 1000 transactions per firm per month, continue to be handled through paper-based confirmations. In addition, almost all non-vanilla trades, averaging as many as 4000 transactions per month for the largest firms, also use paper-based confirmations. Creating these confirmations is one of the most crucial steps in the trade lifecycle, "but without the right solution," he says, "it can be the most complicated.”
JAB

Visa is really starting to charge it up..... :)

Back last week I mentioned a stock take you could check out, VISA symbol: "V".
Well today after the close the October 75 Put was up to $7.40 from the $5.00 range last week for about a 48% gain in less then a week, now that ain't to bad....is it?

Anyways I have posted the target that we should get to here every soon......the 1.272and the big one down there at 1.618. So maybe this will be 100% gainer....now would take be nice.....????

I will be showing you exactly how to find these suckers, when to enter and on and on at the upcoming educational workshop.....so hurry up and sign up because only a couple of limited seats are left.......Now once these limited number of seats are taken, I will be going to Walmart and buy a couple more seats, but that is another story.... :)

The Democratic might have gone to furrrrrrrr.....

The photo below captures a disturbing trend that is beginning to affect wildlife in the USA

Animals that were formerly self-sufficient are now showing signs of belonging to the Democratic Party.....as they have apparently learned to just sit and wait for the government to step in and provide for their care and sustenance.

Nuclear Power and lets talk......

A stranger was seated next to a little girl on the airplane when the stranger turned to her and said, 'Let's talk. I've heard that flights go quicker if you strike up a conversation with your fellow passenger.'

The little girl, who had just opened her book, closed it slowly and said to the stranger, 'What would you like to talk about?'

'Oh, I don't know,' said the stranger. 'How about nuclear power?' and he smiles.

'OK,' she said. 'That could be an interesting topic. But let me ask you a question first A horse, a cow, and a deer all eat the samestuff - grass - . Yet a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?'

The stranger, visibly surprised by the little girl's intelligence, thinks about it and says, 'Hmmm, I have no idea.'

To which the little girl replies, 'Do you really feel qualified to discuss nuclear power when you don't know shit?

143 is that all it takes.....just 143 days.......that's it

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel after a 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.

You couldn't get a job as Director of Nursing after 143 days experience as an RN!!!!!!!!!!!!!!!


BUT......

From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After 143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World...... ....143 days.

We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.

AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America? Come on folks, we are not voting for the next American Idol !!!!!

Portfilio Update 09-05-08

Disney got taken out when it traded below $31.00 on Friday.....:(
Now, of course, how you manage the trade after the entry I think is more important the pick or the entry itself. Take today as Disney is up over 3 bucks and we were looking for a target of $43.34 but that is trading.

So let's see how the picks on August 21, 2008 did. Of the 44 stocks that came up on the hot sheet we only got a base system setup....
1. FFBC: Hit the first target and got stopped out for an overall 49 cent profit.
2. SGEN: Never trigger under the rules....... :)
3. TJX: Hit the first target of 85 cents, then got stopped out at BE on entire trade.
4. ISYS: Hit the first target of 85 cents, nailed for a $1.57 loss.
5. DXPE: Hit the first target of 85 cents, hit the second target for a $4.90 profit.
6. DIS: Hit the first target of 85 cents, then got stopped out at BE on entire trade.

SO out of 6 trades, and if we consider that say 100 shares were bought for each and a first target of 85 cents then we had a overall profit of.....
1. 49 cents on FFBC on the 100 shares.
2. nothing
3. nothing
4. $1.57 loss on ISYS on the 100 shares.
5. $2.87 on DXPE on the 100 shares.
5. nothing

So 49 cents and $2.87 minus $1.57 equals about $1.79. Not bad if you consider looking at the daily Dow30 chart and see that while we were long the market had a bad attitude about everything, what if the Dow30 and the S&P500 were in an up trending market......what if.

Portfilio Update 09-04-08

This update ain't going to be good.....
3. TJX: The stop on the trade was $35.09 and we certainly hit that today....so this trade #3 was an overall breakeven...

6. DIS: Our overall breakeven stop is $31.00 and today I thought we would hit that sucker and take me out....but we are still alive...

PORTFILIO UPDATE #2
I put two stocks on the hot sheet yesterday, VRX and SGEN. Well neither one of these puppy triggered today and SGEN is now officially off the hot sheet.....along with VRX and I'll show ya why at the educational workshop. I will also be asking the attendees for the picks and we will run thru them and test the base system.... :)

Now to me, looking at your huge winner isn't going to help much, unless you think you were the luckiest person in the world. What wil help is looking at the loser, so don't just bring the stocks pick along, but bring the dates and we will look and see if the base system would have been able to say...."MAN, what are you thinking??"

OKTOBERFEST mailing are out....here we go

For anyone who is coming to the educational workshop and also wants to come to Oktoberfest, please visit their website and purchase your tickets.... :)

Visa on the rope......

Well today was not a great day for longs to say the least.....
So I worked up a short that could take advantage of the current market conditions, I personally don't like to short stocks. But let's see what happens....

Over the past two days Visa has broken out of a consolidation, given back those gains immediately, and then broken lower on increasing volume. This is a typical sign that institutions are bailing out and with the overall market finding little reason to rally, this stock could make a bee line towards its IPO price.

The Play: In the next 48 hours, short Visa Inc. (V:NYSE) at $70 or better (higher is better). Be sure to use a limit and do not sell for less than $70.

Option Alternative: If you prefer options over shares you could buy the V October 75 Puts (V VO) which are trading around $5.00 as of this update

Our initial buy-stop to limit position risk will be at $85. We will set $58 as our target spot to take profits on half of the position.

Now of course, this is for educational purpose only and consult your barber, wife and the cat...and maybe even your broker if you feel the desire to just throw money to the wind........

Portfilio Update 09-03-08 part2

After 27 years of research I have found two more stocks I will put on my hot sheet for tomorrow. VRX and yes.....SGEN again, sometimes a stock just won't go away....:)

VRX long at $19.04
SGEN long at $11.61

Of course, if you are following along you do know that this information is for educational information only and you should talk to everyone including your barber, your wife, the cat and of course, your broker before risking anything including your ego......

Maybe just a little over the top.....just maybe

For those who have been here and had to go, well you know that I have urinals in almost every bathroom, as I believe we have equal rights. Why do we have to sit when we don't have to? If fact, I don't have to worry anymore about letting the lid up and getting yelled at by 3 women..... :)

You always might know that I design and build custom homes and always on the look out for stuff that might just be over the top....so to speak. But I'm not sure if I could walk into the bathroom and belly up to the,......flower.

Since you only live once........never be afraid!!!!

Portfilio Update 09-03-08

The market today was mixed at best with the Dow30, Nasdaq100, and the S&P500 finishing down slightly while the Russell was trying to stay above water. Transports were down more the Dow30, so to me it was a yawner....:)
But how did the profilio do, because we had some stocks that were in trouble so let's see:

3. TJX: With the stop at $35.09 we are still in the game on this one, but it's getting close to a BE overall trade....

4. ISYS: With the stop just under the $43.05 pivot today we got nailed on this one, an 85 cent profit on the first half has turned into a $2.57 loss on the second half for a net of loss of $1.57. So I guess I am just like the rest of the world....I cry too.....

6. DIS: Well today this stock traded down but the low was $31.97 we are still hanging on tough with a $31.00 stop.

Could we have a nice rally tommorrow and give me some help here.....as we are down to just 2 stocks now......of the 6 stocks picked a week ago or so we had one that didn't trigger and one that was a bust, and two winners.....FFBC and DXPE which was the best one....today it had an outside bar and closed below yesterday's low....

Having issues with the "Will of God"

So there I was sitting trying to stay awake when the pastor said, "You have a free will, you can chose what to do with that will, you can follow Jesus or you can turn away, the choose is yours." Well that was like four weeks ago and I am still thinking about this.

IF, it's Gods will, the will of God, rejoice and be glad for this is Gods will, surrender your will to God, abide by Gods Will, according to Gods will and the list is almost endless of saying it appears. I have spend endless hours reading up on this and still have not found the answer.

If I have a free will, to do good for others or to ignore the teaching of Jesus from the bible and do whatever is one thing. But how do you know you are doing the will of God. God only spoke a couple of times in the bible to someone, it wasn't like he sat down with Moses and wrote like 20 chapters of the bible on his thoughts about his "WILL"....ok he wrote 10 lines give or take....right???? Now those 10 lines were pretty good.....but what is this "WILL THING."

I am not even sure what the questions should be must less any answers, but it's something that is driving me nuts......The will of God and a free will. You see if I have a free will, and someday drop over dead, then I will have to go before God and answer from "The Book" for everything I have done. All those free will things that I did either right or wrong, but he will judge me.

But how will he judge a person that did the best he could, but it wasn't his will, now this could be a problem.....I think. Any ideas would be good.....post them please.
So I can get some sleep.

OH here we go again.......Joe Construction, Inc.

Well it's only a month away, Oktoberfest and a good ole fashion stock trading eductional workshop in the mountains and things are happenin. If you want to come to workshop and see how I use Blau ideas to develop a stock trading plan like I have been showing here for the past few days, then let me know ASAP.

We have about 17 seats left to fill, Scooter, Thumper and Boomer have already signed up for the front row, by the way....:). Just kidding, but this workshop will have some ideas for you on money management as I always play the marble game, trade sizing, profit targets both first and second targets, stop placement to allow the trade to have some room to rumble but also protecting yourself at the same time.

We will take a look at three market gurus and their picks, how to filter out the bad ones right off the bat, but also how to let them come to us so to speak. POT was a pick in Group3, but at the workshop I will show you why this one was a dog from the start along with several others.....

But these ideas can also be used to trade stock index futures, forex, and even corn, the ideas are not mine, but WW Blau and have stood the test of time. You wouldn't have to change your time frame, you wouldn't have to go to range bars, you wouldn't have to even take prices off your charts, and most important you won't even have to delete your own secret sauce........it should be fun.

So email me if you want to come and let's get it on baby......time to rumble!!!! OF COURSE, this workshop, like all the other workshops is open to anyone that has an open mind and wants some ideas about trading. I welcome everyone, no matter what level you believe you are at, I know that others who come that might have been around longer will be more then glad to help you if they can, or just network with you, that is the main purpose of all the workshops. We are a community, a community that at times can be lonely, so come and meet some traders that have the same goals, the same crapola that you have everyday.

What is the cost of this workshop you ask, well it's the same as the last workshops, you just have to make a donation directly to one of my three favorite charities, or you can make a donation to each of them...that is up to you. The charities will be here on Monday the 6th and give you a 5 minute pep talk and then you make a check out to them and hand it to them......they also take credit cards.....:) So there is no smoke and mirror dog and pony show here.......

SIMPLE AS THAT!!!!!!!!!!!!!!!

Portfilio Update 09-01-08

A Huge gap on the open this morning and within half an hour it started to get ugly out there. By the close it was really ugly, so ugly that the portfilio might have taken a beatin today.....let's see.

1. FFBC: BANG stopped out a $12.46 for a loss of 36 cents on the second half, so 85 minus 36 would give us a net overall profit of 49 cents.....GOOD!!!!

2. SGEN: Didnot trigger and is off the list......will show you why at the workshop just remind me..... :(

3. TJX: Well here we had also gotten the first half off, and adjusted our stop to $34.90 which today didn't get hit as we had an inside bar on the dailies. The next day or two will tell on this one. With an entry at $35.89 we are going to move the stop up to $35.09 so the worst case is a BE trade.

4. ISYS: Well the entry was $45.60 and we are at $44.00 after taking the first half off. Today the low was a hair above the pivot low we are worried about, so this one might not have been the best pick..... :)

5. DXPE: Now if they all were like this one, order me another dessert, in a down drafting market like today, DXPE just keeps on going.....higher and higher, however, after saying this...you know that we hit our target on Friday, but man what a nice trade.

6. DIS: Well Disney did OK today, it held Friday's low, but it couldn't break above that pivot and now is sitting on a double daily top. This means we need to take some action and with an entry at $31.79, we will throw in the towel at $31.00 and have another breakeven trade......

So the 6 stocks are down to 4 and one is hurting......stay tuned!!!!

Ken Wood and the saga continues.....

Check this out:
http://thelonelytrader.wordpress.com/2008/05/05/is-woodie-a-fraud/#comment-208
You can click on the title and go right to it.....

Not a week goes by that some doesn't send me something about the Ken Wood and his going ons.....been there done that...see it all.
The only thing that has changed is the names because once you are there for any length of time and have any kinda brain, you can right thru it.
Richard_AZ does have a point, if you are a moderator and don't trade using the "system", then you are as much a part of this as Ken Wood is. Giving people hope that they can being a good trader when all the while, it's just smoke and mirrors.
I do hear that just maybe PFG has began to see the light, is that why, the next Trade-a-Long or Workshop...whatever you call it doesn't have PFG blasted all over it. Just maybe PFG has looked in the mirror and doesn't like what they saw.....