The talk of a crash is just amusing to me. In this electronic age there will be no crash like the 87 or the 29, it is just not possible. Slow bleeding maybe but not outright crash.

Those who think retail investors will sell in a panic are just dreaming. Majority of the retail investors are out of the market due to lack of funds.

IMHO watch the dollar!

10 for 10 on trades closed in August for a profit of $23,070.00
6 for 6 on trades closed in September for a profit of $19,760.00
9 for 13 on trades closed in October for a loss of $1540.00

total profit on closed trades for the 3-month period = $41,290.00

The only position I have now is QID (4000 shares). Best of luck to all in the coming month!

A ban on short selling? What? Man that would kill my job.. #!@#

http://www.youtube.com/watch?v=dEau4wC51m0&NR=1

this isn’t pretty. Eagle takes a mtn. goat for lunch….

I don’t think I can do the math on that. lol

Congrats Idan, Morris, Fritz,,,et al. on your fine gains this year.

VIX stayed over 40 for many months and I suspected that the Boyz with Fed help will keep this market inflated thru year;s end.

My small position (only 18 of 50 filled) Nov 30 calls today are up almost 100%. I’ll sell calls against them to lock in gains depending on how Monday rolls, and I’ll then play for a bounce.

By my reading, it is said that the VIX offers a 4x leverage vs the S&P. Not for the faint of heart, but if/when P3 comes into effect, it may spike to over 100, and cruise above 50 – 60 for several white-knuckle months.

More short orders got filled after I went to my meeting, but luckily I had a chance to sneak out for 5 minutes to get my protective calls entered

Shares short going into the open: JPM, AXP, HD, DOW, VALE
Shares shorted when I was in a meeting (love auto-exec): DIS, INTC, AA, BA, DD, CVX, JNJ, CM.TO, RY.TO, SLF.TO, TD.TO

I bought protective calls plus those hedging calls I posted earlier. I setup my porfolio so that I don’t care what happens on Monday. Give me a squeeze I make money; give me a crash I make money.

Why I bought more calls towards EOD? The VIX and the Dollar both locked in a “sell” signal. That combined with positive divergence I saw in the final 90 minutes of action tells me to be prepared for the FED to paint the tape higher.

My ultimate target for this next move higher only goes into SPX 1060 (DOW 9850), at which point I will go fully hedged short again.

I do not plan on dumping any of my shares short from this point onward until September 2010. I will only go double call if I sense an upturn is to come. My reasoning is simple: short-selling may be banned (meaning no new short sales). I’d rather open my shares short before regulations kick in, plus I get to keep all the cash up front instead of locking in my cash in the derivatives.

P.S. I am in the process of creating my own blog that will focus on how to use technical analyses properly. When that’s done I will post a link here. Unfortunately, I will have to use subscriptions (they’ll be free for basic TA information) to keep out any yahooligan.