NYSE, NASDAQ, GODOT

Sweet Jesus on a Biscuit......can we please get some direction? Yesterday's 148 point drop on the Dow was encouraging. But follow through? Of course not. We bounce back today by half that amount. Zzzzzzzzzz. Give us as break - literally - through one of those price lines!


Oh, a bit of housekeeping. I've made a couple of cosmetic improvements. First, at the request of a comment made to the previous post, I have reduced the number of posts displayed down from 7 to 3. That will speed up loading time and make for a shorter page to scroll. Second, I've changed the scheme of my charts to what I think is a much cleaner appearance. Let me know what you think. Oh, and in case you've forgotten, click on any chart to see a much bigger version.

Back to charts. The Russell 2000 is in the same boat every other index is - if it breaks beneath a very clearly defined support level, it's time to rock and roll. If it continues to fart around in this range, it's just going to keep boring the pants off of everyone. And if it breaks into new high territory, that's when I climb to the top span of the Golden Gate.


I bought a bunch of puts on the $XAU today based on its price position relative to its well-defined channel. A stop-loss on this would not be expensive, since we're mushed up so high against the channel.


Cardinal Health (CAH), mentioned here numerous times, is on the cusp of a breakdown. But until it goes beneath that neckline, it is a pattern in formation, and nothing more.


I found the puts on Chinese equity-based FXI were fairly heavily traded, so I acquired some today.


I mentioned McGraw Hill (MHP) as a short last month, and it has lost about 15% of its value since then.


Now, as you know, I acquired a couple of iPhones on National Steve Jobs Day, and I made a little video about it. It's a terrific product. There's a ton of wizardy and magic in it, and I'm proud to show it off.

But, Lord almighty, this thing has bugs. Bugs, bugs, bugs! And I'm not even a heavy user. I just checked, and I've used it a total of 9 hours and 36 minutes. That's decent, but it's hardly an exhaustive field test.

In that time I've tripped over a surprising array of really serious issues. Like the fact that the phone outright hangs so hard that I have to reboot it. And the lack of basic editing features, such as double-clicking on a word not selecting that word. Or the inability to insert a cursor within a word (e.g. if you misspell a word, you have to erase the whole frickin' thing and retype it instead of correcting the offending letter).

The worst bug of all is Safari crashing. Which it does. Constantly. So a typical example is like this.......you're cruising along, looking at a web page, scrolling up or down a bit. And then - bam! - it throws you right back to the "home" screen of the iPhone. No big deal, you say, I'll simply go back to Safari (the web browser). Sure, you can do that - - but you're starting at scratch again. The page you were looking at is gone.

This happens to me so constantly that I'm put off on looking at any web content anymore. It isn't just a nuisance. It basically eviscerates one of the principal reasons for having this thing!

Added to which, every time I plug the iPhone into its dock for some juice, this stupid window appears on my desktop, so I have to cancel out of it. Annoying as hell.


Luckily, someone has helped me to release some of my frustration by asking the question: Will It Blend?