The DIY Economist

We got a slight rally at the close today as we retested the 1000 breakdown. Something that looks like a downwards channel on the 30 min charts is now taking place. I will look to close out VXX for now at the 980 level. A sell order at 62.5 never triggered, which wiped out most of ...

After having flatlined at 1030 or so, we received a definite breakdown today. Even though I try to not let history be a guide, I just find this coincidence startling: 1. Market forms an ABC pattern in a channel (blue) 2. At the "C" point volume and range contract tremendously and a narrow, tight range is ...

There were some problems previously. There shouldn't be any more. Linux server.diyeconomist.net 2.6.18-128.1.1.el5.028stab062.3 #1 SMP Sun May 10 18:54:51 MSD 2009 i686 GNU/Linux Current speed test: http://tools.pingdom.com/fpt/?url=http://www.diyeconomist.net/wordpress//&id=1146550

With a gravestone doji today, certainly seems like it. (Goldman's target, if you're a contrarian, is 1060, not 1000, I believe.) My parents and I talked about systemic risk and CAPM today ... an interesting conversation. The gist of my mom's argument consisted of something like "taking nonsystemic risk is the only way to profits" or ...

I have updated this sparsely due to other obligations, but here goes. Fubared the UNG trade (set my limit too low) .. so I missed the huge 15% advance. MON continues to make new highs (grr) We got some pausing of the unstoppable upward momentum of the markets these past 2 days. Continue to hold VXX ...