Eat Like Chicken Shit Like Elephant

Alright, finally I get a computer to work with. Exams are finally over but my computer is spoilt. I haven't been following the markets lately though but hopefully I can write something that make sense

Eat Like Chicken Shit Like Elephant

I was preaching for a bottom these days. Well, I just think that things take time to unwind and its time for a respite. Btw, do you understand the meaning of the title? =) I like this quote.

1. Technical Analysis

If we look at things from the technical point of view, Hindenburg Omen is over. From what I know, Hindenburg omen lasts until somewhere in between November.

2. Fundamental Analysis (hmm....)

The economy is horrible, period. But then again, stock market is just a funny area where even though things are bad, there will still be ups and downs in the market. But again, I just think that events will slowly unwind... maybe...

3. Environmental Analysis (cool)

I still can't forget the limit sell down day for DOW futures. I just think that it actually signals an end to current situation. Even though there was a day where it broke 8000 afterwards, I still feel that the crowd is more on the buy side now.

4. What Have I done?

I suppose lady luck smiles at those who are prepared. Alright, maybe I'm simply lucky. The mailman decided not to go for any call options in the end. In the end, I will be in for a crazy ride if I had bought any calls. Call me lucky.

5. Some Random Thoughts

i. Eat Some Chickens now?

Even though it's a very volatile period now and its very good for traders. But I think that most people will just be in for some small portion of chicken meat. I still think that big money will only be made in big swings not intra day and day trading.

ii. Shit Some Elephants

In one sentence, I just think that for day trading, you will be shiting lots of elephants while hunting for the chickens. Fair enough?

6. Let's Be Straightforward

I was reading some article about the current situation. Someone actually quotes some expert writing and says that we will not enter into another depression of the 20s. I was furious when I saw the 1st reason.

He quoted, "Experts have learnt from the mistakes of the past and will not repeat them again!"

I quote myself, "What kind of rubbish is this!"

Stock market never changes. Bubbles come and go. Crowds get mad and go into buying frenzy all the time even though things alway repeat itself and it is apparent that a bubble is waiting to be burst. Has anything changed in the stock market? NO. The reason is simply because human nature never changes. Complacency, greed, ignorance blah blah blah.

He quoted more reasons afterwards but I can't be bothered with the rest after reading the first one (I assume its the most important one).

7. What's my Outlook?

I am waiting for the mailman to be back in Singapore. I'm still more inclined towards the call side for a while, though I'm a crazy bear about many years down the road.


Thanks to those who will come back regularly to check this blog. Hopefully I can get a new computer soon and write better and interesting posts.

Cya

Eat Like Chicken Shit Like Elephant

Jin