Hi All, since posting, we broke through that triple bottom. I covered shorts here. Something feels odd with this action. NOT going long, but taking shorts off.

Wish I had re-entered the Patriot trade yesterday… Made a nice move today.

This market doesn’t feel like a market anymore. Duck and cover in a fetal position seems about right.

Q, black Monday today, turn around Tuesday tomorrow?

Pitaking,

I am eyeing the commodity sectors. I took some slugs there today at lows and ended up having a pretty solid day.

For all out there, if you haven’t checked out Tape Talk, now’s the time. Great idea flow there.

http://www.tickerville.com/tapetalk

Took a shot on some commodities today as well, pot and fcx near the lows of the day...we are just too oversold.

Q, as a new(8 weeks) tape talk member I have to thank you for the straight TA based advice, no fluff or static and awesome trades, EEV, DUG, SMN ect...easily my best trading period ever, keep up the great work.

Q, I cashed in my FCX and POT today booking some nice gains and allowing myself to get a little sleep. Whats your take on the dollar? Is it due for a pullback on the rate cuts?

Thanks

Pitaking, First off, thanks for the compliments on Tape Talk. I am very proud of that service and the recent trades we have had in the bear trend.

I stuck with my commodities because I do think we’ll see a ‘inflation driven’ pop there. The dollar seems to be disconnecting from the trade but that may only be macro shorts unwinding the carry trade still. I can’t imagine it stays propped up with the new flood of money in the system. It just doesn’t make Econ 101 sense.

Q -

Isn’t the value of the dollar relative to other currencies? Aren’t those countries getting flooded with new money also?

Dave

This from ABK stock board at YHOO. Funny thing is, they make sense these days. Hope everyone is surviving OK.

> > CEO --Chief Embezzlement Officer.
> >
> > CFO-- Corporate Fraud Officer.
> >
> > BULL MARKET—A random market movement causing an investor
> > to mistake himself for a financial genius.
> >
> > BEAR MARKET—A 6 to 18 month period when the kids get no
> > allowance, the wife gets no jewelry, and the husband gets no sex.
> >
> > VALUE INVESTING—The art of buying low and selling lower.
> >
> > P/E RATIO—The percentage of investors wetting their pants as the
> > market keeps crashing.
> >
> > BROKER—What my broker has made me.
> >
> > STANDARD & POOR—Your life in a nutshell.
> >
> > STOCK ANALYST—Idiot who just downgraded your stock.
> >
> > STOCK SPLIT—When your ex-wife and her lawyer split your
> > assets equa lly between themselves.
> >
> > FINANCIAL PLANNER—A guy whose phone has been disconnected.
> >
> > MARKET CORRECTION—The day after you buy stocks.
> >
> > CASH FLOW-- The movement your money makes as it disappears
> > down the toilet.
> >
> > YAHOO—What you yell after selling it to some poor sucker
> > for $240 per share.
> >
> > WINDOWS—What you jump out of when you’re the sucker
> > who bought Yahoo @ $240 per share.
> >
> > INSTITUTIONAL INVESTOR—Past year investor who’s now
> > locked up in a nuthouse.
> >
> > PROFIT—An archaic word no longer in use.