Friday, August 27, 2010

Update on Palladium

Looking good, almost there..........

Thursday, August 19, 2010

Palladium Retirement Trade


If this works out it could be the short trade of my career. 11 waves is all that is allowed.






Friday, August 13, 2010

Short on the weekend, and sleeping well.

I took a shot today based on time fibo's. Typical corrections take between 38.2 and 61.8 of the time of the preceeding impulse. The max time allowed is 100%. As shown on the chart the 100% time extension of the big move this week is Monday. Buying Puts to hold for a couple days isn't too risky, and when the reward is off the charts, why not?  As an added bonus, check out what happened to the Dollar EOD. Should have bought more.

Thursday, August 12, 2010

Sugar set up, could be sweet!!!

I have been following the amazing work of Hank Wernicki and his work with Elliott fractals. This trade set up is on a top pair of fractals on the 60 minute chart. If things go to plan, then price should run up to $19.15 or so, and then fall in 5 waves. Futures Juntures is also calling for this market to start to sell off at about the same level. I like the odds, let's see what happens.

Monday, August 9, 2010

Lose yourself update

Still working toward the biggest shorting opportunity in years.

Saturday, August 7, 2010

Lose Yourself

"Look, if you had one shot, or one opportunity
To seize everything you ever wanted in one moment
Would you capture it? Or just let it slip?" -  Eminem
 
"This is the moment." repo105

Friday, the 13th.