Shave This....

Let's face it. The whole world's gone crazy. The Dow is pushing toward 13,000 just for the sake of going to 13,000. A third-rate Marilyn Monroe dies and creates a courtroom circus. And a rich, beautiful young woman loses her mind and decides to pattern her life after Colonel Kurtz...


A quick entry tonight. First, for you FOREX types, the NZD/USD seems to have pushed high enough to once again represent a low-risk short trade. I'd put a stop at .7070


The NASDAQ 100 has been terribly strong - - reaching a six year high today in the face of a weak day on the Dow. It's tough to short in the face of such strength, but at least it's clear the $NDX is at the top of its rising channel.


ANDE, a long suggestion I've made many times, has all the right stuff.


Bear Sterns (BSC) sported a nice bearish engulfing pattern today. I'm going to buy more puts on this tomorrow.


I've been hanging on to my CME puts for ages, and I was starting to get bored of them. Today the CME fell over 17 points, and it's potentially going to snap its trendline. Now it's getting interesting.


Research in Motion (RIMM), the stock that never seems to break, is high enough to keep the stop-loss level reasonable.


Finally, Ryland (RYL), mentioned here as a short on multiple occasions, is accelerating its downward trek.