"ANOTHER FINE MESS YOU GOT ME IN OLLIE!!!"

Bear Bottom Indicator swooshed down below its 2008 lows by 2.0 pts sits at 48.08 a drop of 15.05 today! LOW for this Bear.

One back test had 9.0 bottom other 2 were between 20.0 -21.0 Of course I do not know if it will act the same but I am pretty confident this is a useful tool.

In other words If other things looking good (or very bad!) and my indicator comes down to 21 area I would be ready to deploy some cash….more depending on other things.

This is my proprietary indicator I share but it is also a chart which I keep to myself. I am not saying do a damn thing, what do I know....just some guy on a blog right? I am here laying out what I personally think and what I may do myself....call me crazy.

I did trade today, I will share that. I wanted back in SDS (2X short SPX) and early I had signal, but I didnt have time to concentrate, as I have day job.

When I came back SDS moved from up 40 cents to up $140 or so. Oh boy, here we go again...will I watch it go and say missed it? NOPE, I charted in another time format using a cool choice of MA'S, some I have not used together before and in a 15 minute set up I like that and I liked what I saw, now SDS was near $69.25 !!! DOH!!!

BUt rather than get pissed, I didnt get best price, I trusted my chart and got executed at $69.016 per share. Turned out good execution as I know many watched it go....I think for me I have worked hard at TA, and I trusted what I saw......I felt I HAD TO EXECUTE TRADE...because I will NEVER KNOW which ones are the "good ones'.

I have decided for now, in a bear too I am a "TREND TRADER", I use mixture of trend lines and MA's, figuring where to exit is not easy eother, so I will work on figuring what I am looking for, always have stops and exit strat.

Today was my best trade (still open) since I came back to trading after maybe 8 yrs absence.

I DO think SDS is likely to challenge recent high when it cleared $70 and closed above. I MAY sell on a gapper down at open should I be lucky to see that, as we did close on lows. ANd you know hopefully be blessed enough to move stops up.

I could feel the panic, LEH and too many to list...stocks getting KILLED.....and if buyers wont STEP in....prices will come down....

Lots of down volume crushing the 300pt up day big time.

I am sorry dear readers, I dont like bearing BAd news but I hope to keep some out of harms way should my views be true.....you play the odds baby....my buddies LOVE CASH been SAFE.

GOLD...even goldies been crushed bad....where is safe? CASH?

FED made BOLD move BAILING OUT FNM....trying to stem hailstorm.....next day usually real reaction......WILL FED BAIL LEH, or GM and F if needed....will they OWN America?

What has failed maybe needs to fail, SHIT WHAT does the GVO run well?

WELL I Ask what bullets FEd remians in holster? nd has anything they done worked or has it made it worse.

Duratek