A Negative Intraday Reversal Off The Back Of Inflation Worries Sends Most Indexes Into The Red
June 10, 2008
I am going to come straight with everyone tonight. I feel horrible. It has been a very long time since I have felt this negative about the overall condition of the market but at this point I am simply disgusted by the amount of nice charts that decdide to setup only to be slowly taken to the woodshed. When nice round basing patterns show up that have great daily price action accompanied by powerful surges in volume with max green BOP all over the chart, I expect it to go on to produce some incredible gains. However, recently, that has been the very furthest thing from the actual result.
It is very hard to make a lot of money right now and I believe that with the way the market is acting that unless you are going long oil&gas stocks, or some form of the energy related commodity, you are just asking for a beating.
I am going to keep this analysis very short as I sure do not have a whole lot that needs to be talked about that I did not spend all day going over in the chat room. For those of you who would like to know what we discussed today in the room here is a free late-day (I can’t give all the $$$ info away for free) chat room transcipt. Enjoy the After-Hours chit chat :):
[2008.06.10 17:54:39] JoshuaHayes: 87-81
[2008.06.10 17:54:41] kolla211: Lakes will win this game,,,,they deserve it
[2008.06.10 17:54:41] JoshuaHayes: lakers
[2008.06.10 17:54:44] JoshuaHayes: 1 min left
[2008.06.10 17:54:48] psyched: they better already!
[2008.06.10 17:54:52] JoshuaHayes: 5 seconds
[2008.06.10 17:54:56] JoshuaHayes: fjserifjsdofijs
[2008.06.10 17:54:56] JoshuaHayes: gsa
[2008.06.10 17:54:57] JoshuaHayes: gf[sa
[2008.06.10 17:54:57] JoshuaHayes: fgsjhofsd
[2008.06.10 17:54:57] JoshuaHayes: jfs’piosjd
[2008.06.10 17:55:01] psyched: woohooo
[2008.06.10 17:55:01] JoshuaHayes: iofjsfjsdoifjsfgjsifgsjasdaYES
[2008.06.10 17:55:03] JoshuaHayes: YES
[2008.06.10 17:55:05] JoshuaHayes: finally
[2008.06.10 17:55:07] JoshuaHayes: about f’g time
[2008.06.10 17:55:11] psyched: finally is right
[2008.06.10 17:56:07] JoshuaHayes: mine is fully updated
[2008.06.10 17:56:52] JoshuaHayes: but there does seem to be a problem at tnect
[2008.06.10 17:57:02] JoshuaHayes: no nwe long is great
[2008.06.10 17:57:07] brian: hey
[2008.06.10 17:57:10] JoshuaHayes: MVL DR AZC add oar ok
[2008.06.10 17:57:15] JoshuaHayes: DAR is besat
[2008.06.10 17:57:18] brian: boston just fell apart last 5mins
[2008.06.10 17:57:21] JoshuaHayes: TSYS and JAS is lma
[2008.06.10 17:57:22] JoshuaHayes: lame
[2008.06.10 17:58:54] JoshuaHayes: so at least i am getting stuff doen
[2008.06.10 17:59:31] psyched: Yes, you are. You are stronger then you think.
[2008.06.10 17:59:40] JoshuaHayes: thank you
[2008.06.10 18:03:42] psyched: but i am also psyched about the market 
[2008.06.10 18:03:56] brian: we have all kinds of med professionals in here
[2008.06.10 18:03:57] psyched: its gotta get better and that is what I am psyched about
[2008.06.10 18:04:10] psyched: I am looking forward.
[2008.06.10 18:04:31] psyched: Yes brian, it seems that way.
[2008.06.10 18:08:01] todd: dallas police dept testing officers for steroids. what is the world coming to.
[2008.06.10 18:10:06] JoshuaHayes: sprrru
[2008.06.10 18:10:09] JoshuaHayes: i am on the pohone
[2008.06.10 18:10:10] JoshuaHayes: sorry
[2008.06.10 18:10:13] JoshuaHayes: about the NBA game
[2008.06.10 18:10:16] JoshuaHayes: from a buddy in LA
[2008.06.10 19:10:43] JoshuaHayes: test
[2008.06.10 19:12:59] JoshuaHayes: dang
[2008.06.10 19:51:16] JoshuaHayes: why can’t I get luck with my talent just once
[2008.06.10 19:52:17] JoshuaHayes: where are my LMLP
[2008.06.10 19:52:21] JoshuaHayes: where are my TASR
[2008.06.10 19:52:24] JoshuaHayes: werehe are my TZOO
[2008.06.10 19:52:27] JoshuaHayes: where are my IST
[2008.06.10 19:52:30] JoshuaHayes: where is my ZEUS
[2008.06.10 19:52:37] JoshuaHayes: where is my CMRC
[2008.06.10 19:52:42] JoshuaHayes: where is my AFSI
[2008.06.10 19:52:46] JoshuaHayes: this sucks BALLS
[2008.06.10 19:54:39] JoshuaHayes: AEHR 
[2008.06.10 19:54:41] JoshuaHayes: DGLY
[2008.06.10 19:54:51] JoshuaHayes: they both shoud have let me loaded up
[2008.06.10 19:55:29] JoshuaHayes: and DGLY sjould be up 100% by now
[2008.06.10 19:55:43] JoshuaHayes: shit
[2008.06.10 19:58:12] JoshuaHayes: ok going to finsh up commetnary then mabye do another column
[2008.06.10 19:58:32] JoshuaHayes: http://seekingalpha.com/article/80775-titan-machinery-more-big-gains-on-the-way?source=wl_sidebar
[2008.06.10 19:59:12] mghens: read that .. good article.
[2008.06.10 19:59:15] JoshuaHayes: http://www.istockanalyst.com/article/viewarticle+articleid_2274986~zoneid_Home.html
[2008.06.10 20:02:24] JoshuaHayes: no more 1000% winnres
[2008.06.10 20:02:29] JoshuaHayes: 500% winners
[2008.06.10 20:02:30] JoshuaHayes: man
[2008.06.10 20:02:32] JoshuaHayes: thye are gone
[2008.06.10 20:02:34] JoshuaHayes: with this VIX
[2008.06.10 20:02:37] mghens: I know.. it is everywhere in your writings on site
[2008.06.10 20:02:41] JoshuaHayes: this VIX has ended that
[2008.06.10 20:02:48] JoshuaHayes: F
[2008.06.10 20:02:50] JoshuaHayes: this VIX
[2008.06.10 20:02:51] JoshuaHayes: we need
[2008.06.10 20:02:53] JoshuaHayes: terror
[2008.06.10 20:02:54] JoshuaHayes: we need
[2008.06.10 20:02:56] JoshuaHayes: to scare the crud
[2008.06.10 20:02:58] JoshuaHayes: out of everyone
[2008.06.10 20:03:01] JoshuaHayes: we need the market to crash
[2008.06.10 20:03:05] JoshuaHayes: 50% in months
[2008.06.10 20:03:34] mghens: are you taking next week off?
[2008.06.10 20:03:59] JoshuaHayes: no
[2008.06.10 20:04:04] mghens: damn
[2008.06.10 20:04:05] JoshuaHayes: probalby wont take anyt days off
[2008.06.10 20:04:06] JoshuaHayes: i cant
[2008.06.10 20:04:09] JoshuaHayes: imopssible
[2008.06.10 20:04:09] mghens: you need to
[2008.06.10 20:04:11] JoshuaHayes: i have to watch
[2008.06.10 20:04:13] JoshuaHayes: i will miss something
[2008.06.10 20:04:15] JoshuaHayes: if i take off
[2008.06.10 20:04:17] JoshuaHayes: anotehr AEHR
[2008.06.10 20:04:19] JoshuaHayes: will shou p
[2008.06.10 20:04:24] JoshuaHayes: and run 70% in two day
[2008.06.10 20:05:10] JoshuaHayes: the marekt is a fucking mess
[2008.06.10 20:05:13] mghens: !
[2008.06.10 20:05:28] JoshuaHayes: i haven never seen so litle follow through
[2008.06.10 20:41:36] JoshuaHayes: i have some great fiend on maui i must say
[2008.06.10 21:13:46] Aloha! You are in the MauiTrader’s Lounge
[2008.06.10 21:13:46] JoshuaHayes has entered the room “MauiTrader’s Lounge”
THINGS WILL GET BETTER. THERE WILL BE ANOTHER TASER. AND WHEN WE DO GET IT, WE WILL ALL GET VERY RICH!!
ALOHA FROM MAUI WHERE THE WAVES ARE STILL GOOD AND THAT IS WHERE YOU WILL PROBABLY FIND ME TOMORROW, UNLESS I WAKE UP TO A MARKET UP 3% ON THE SP600 AND NASDAQ!!!
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Pardon my language…but if you FELT like I did today, I am sure your tongue would have been worse.
Thank GOD for surfing…or else I would be in pain 24/7.