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HEY Red: Hit the offer at .65 to get things going in the penny stock lol

Morning Update:  Nothing… same as it always it, just light volume chop to frustrate both bulls and bears.  Take the day off gang and look a move up in my penny stock pick next week.

CITIGROUP Chart update: http://niftychartsandpatterns.blogspot.com/2013/01/citigroup-chart-update.html

GLD Chart update: http://niftychartsandpatterns.blogspot.in/2013/01/gld-chart-analysis_18.html

 Obama signs executive order HR4377, eliminating the debt ceiling.
dow futures up 313 pts to 13,933…
joking!

 Think we have to wait for options expiry or just after. Volatility will
come back into the market. Meanwhile, trade small and do not trade
often.

 looking at the future by the number of tv stations.
one movie i recently watched the camera panned right to a guy who was watching channel 363,422.
you can probably tell, the movie was depicting a future that was pretty good.
and all the doom sayers——in their movie, the camera pans right, and we are back to only three TV stations.
ROFL!

  Trade: short DO.
Opened at 73.17 on 1/17/13.

major OIH holding
it might get to 75, oh well.
77 is too high, really short that price, w/ big position size, if the market even gives you that price,,,

after feb employment —
 maybe get some down trend days out of the debt ceiling debate.
and some uptrend days, too. but more down than ups.
in other words, sell the rips.