It happened one day that a fox had caught a rabbit and was carrying it home in his mouth to eat it in peace. Now on his way home he had to cross a plank lying across a running brook. As he crossed the brook, he looked down and saw his reflection in the water beneath. Thinking it was another fox with another rabbit, he made up his mind to have that rabbit too. He made a snap at the reflection in the water, but as he opened his mouth the rabbit fell out, dropped into the water and was never seen again.
Moral: Beware lest you lose the real thing by grasping at it’s reflection.
“Do you know how to catch a monkey? In India, they take a gourd, cut a
small hole in it, and put some rice inside. Then they tie the gourd down
securely and wait for the monkey. Monkeys are greedy and selfish. I guess
you could say anybody who is greedy and selfish is a monkey. Anyway, monkeys
are so greedy and selfish that the monkey sticks his paw into the gourd to
get the rice. He grabs a handful – but then he can’t get his hand out of the
gourd. His fist won’t go through the small hole. And he’s so greedy and
selfish that he won’t let go of the handful of rice. He just waits there
with his greedy fist wrapped around the rice until the men come and take
him.
Moral of the Story! Don’t be greedy and selfish or you may make a
“monkey” of yourself.”
LOL… “Not a Chance”! I’ll always be just a simple country boy, and never become a gangsters. I’m too honest… lying just isn’t in my nature. Nor is being a crook and deceiving people. I couldn’t do it even if I wanted too, as my conscious would stop me.
Anyway, now we should be able to navigate this market until next week. I’ll be exiting my shorts when the VXX hits 49.84 and hopefully the SPY will be at the 115.61 level from the multiple afterhours prints on Monday.
Then go long (or sit in cash?) until next Friday. I don’t know if the 127.07 SPY print will be hit or not, but the date is more important then the level. They will squeeze out all the bears’ stops above 1230 spx before this thing tanks. And I don’t see that happening until after opx.
Anna caught this print of 49.84 on the VXX, which should be our exit area for our shorts when hit. I suspect it will be hit tomorrow. After that, I’ll be looking for a rally into opx next week.
Kinda like this story…
It happened one day that a fox had caught a rabbit and was carrying it home in his mouth to eat it in peace. Now on his way home he had to cross a plank lying across a running brook. As he crossed the brook, he looked down and saw his reflection in the water beneath. Thinking it was another fox with another rabbit, he made up his mind to have that rabbit too. He made a snap at the reflection in the water, but as he opened his mouth the rabbit fell out, dropped into the water and was never seen again.
Moral: Beware lest you lose the real thing by grasping at it’s reflection.
LOL… how true!
Zen-like message here:
“Do you know how to catch a monkey? In India, they take a gourd, cut a
small hole in it, and put some rice inside. Then they tie the gourd down
securely and wait for the monkey. Monkeys are greedy and selfish. I guess
you could say anybody who is greedy and selfish is a monkey. Anyway, monkeys
are so greedy and selfish that the monkey sticks his paw into the gourd to
get the rice. He grabs a handful – but then he can’t get his hand out of the
gourd. His fist won’t go through the small hole. And he’s so greedy and
selfish that he won’t let go of the handful of rice. He just waits there
with his greedy fist wrapped around the rice until the men come and take
him.
Moral of the Story! Don’t be greedy and selfish or you may make a
“monkey” of yourself.”
ok.thanks
LOL… “Not a Chance”! I’ll always be just a simple country boy, and never become a gangsters. I’m too honest… lying just isn’t in my nature. Nor is being a crook and deceiving people. I couldn’t do it even if I wanted too, as my conscious would stop me.
Anyway, now we should be able to navigate this market until next week. I’ll be exiting my shorts when the VXX hits 49.84 and hopefully the SPY will be at the 115.61 level from the multiple afterhours prints on Monday.
Then go long (or sit in cash?) until next Friday. I don’t know if the 127.07 SPY print will be hit or not, but the date is more important then the level. They will squeeze out all the bears’ stops above 1230 spx before this thing tanks. And I don’t see that happening until after opx.
Way to go Anna. And Red. Hey Red, you are getting better and better at thinking like a gangster. Careful you don’t become one. Lol.
Just look for the new FP on the VXX of 49.84 as your exit BH… regardless of where the SPY is.
New FP Alert…
http://reddragonleo.com/wp-content/uploads/fp-vxx-49-84-by-anna-on-10-13-2011.bmp
Anna caught this print of 49.84 on the VXX, which should be our exit area for our shorts when hit. I suspect it will be hit tomorrow. After that, I’ll be looking for a rally into opx next week.
PIN BAR of SPY: http://niftychartsandpatterns.blogspot.com/2011/10/pin-bar-of-spy.html
Looking for SPY to fill that gap at 117 in the next few days.