Thursday, February 19, 2009

BREAK on THROUGH! ~ NEW LOW = 7447 ~ Dow Jones Industrial Average

palindrome is a word, phrase, number or other sequence of units that can be read the same way in either direction (the adjustment of punctuation and spaces between words is generally permitted).    7447. 

Today the DOW broke the "O" bottom.  (7449.38)

Step #1 in our DOW 5000-6000 thesis complete. 
Step #2 = Break the Palindrome Bottom (7447)

Team BOTD took profits in FAZ 47.  (sold north of $66) ...   Fazzzzam!    But feeling "fuck the banks" naked we quickly added *WFC puts on Wells Fargo's mini midday pop to 12.73ish ... next, we all watched WFC break open a 12 pack as the DOW broke the "O" bottom. ( WFC daily low $11.94)  ... we own the MARCH 10s (33,000 contracts traded today)  hmmmm, go team!  (WFCOB) 

 *We want the WORLD and we want it NOW!* 

     *the KILLER awoke before DAWN* 

How great is StockTwits???! .... GO TEAM! 

 Gold is over-rated, but may run higher.   Miners are just plain over-priced.  NEM is a stock.  Stocks go lower.  Buy NEM puts.  

p.s.  who caught the $DXO day trade? (winner!) ... and what about *SHORT* $RIG over $60.  *MARCH 55 puts*  ... TEAMWORK makes the DREAM work. 

 DOW 5000-6000.  The End. 


BUY ON THE DIP said...

we have a large cash position ready to buy "calls of confidence" ...

... if we ever get any confidence.


must sell our leftover XOMNO. might roll-out to march on XOM puts, or just take profits and hammer RIG. not sure yet.

BUY ON THE DIP said...

even though we lost our ass with "the trade"

the VIX puts idea is kinda money. the VIX was down again today as the market hit new lows...hmmm.

Jeffrey Lin said...


r u kidding me?


Kidd Jones said...


what ya thinking about the double blair witch hunt today? we going to see any kind of rally?

Unknown said...

RIG will go higher if the market shows any rally. I got in above 60 but not sure whether RIG is going down soon.

Unknown said...

i feel so bad I sold FAZ early. :( cry baby cry.

Unknown said...

BOTD - nice call on BAC calls in stocktwitter!

Complacent Panda said...

I like the "Palindrome" name for the stock market. It works for more than just the 7447 figure. I mean, we're right back to where we started in ~'02 and ~'93. Deja vu.