Phew. I just spent a solid hour extemporaneously waxing poetic (you think that sounds easy? It's not!) about charts. And, although this hardly ever happens, I'm sick of talking about them! I'll be fully recovered by the morning. So this is going to be really quick.

First, although I have no position in it, I found MRK's chart to be an engaging example of Fibonaccis (once again) in action.

We haven't mentioned CROX in a while, but wow, is this stock getting crushed. Amazing to think it was $75 just a few months ago. Now it's turned into a real p.o.s. That's the way fads go, isn't it?

I mentioned Autozone in the comments section earlier today. This, to me, seems like a (rare) diamond pattern. I like it. I bought puts today.

OK, I'm done. Enough charting. Just remember this warning. I don't know what it means, but it seems worth heeding.

And, if you need help, count on Wonderman (last bit is slightly NSFW……….)

I'm buying puts on the QQQQ right now (46.02 at the contingent stop). I like what I see here.

Sorry it's been a little while since I posted (late yesterday). I have a real job, ya know.

I just wanted to say that it's obviously really easy to be a wild-eyed bear when the market is getting blown to pieces and everyone is running scared. It's times like right now when it's far more challenging. You've got…….

• The federal government blatantly saying they will support the stock markets by plunging the country as deeply into debt as is necessary to keep old friends on Wall Street happy
• A public that is dying to have their bull market back
• Mass media which is touting every possible reason to plunge back into stocks, stating how cheap they are, and stating how bearish everyone is (for the record, I find investment sentiment indicators to be utterly useless in either direction).

I look at the graph below, and in spite of the bulls taking this market on a ride lately, I am not afraid. Now, if we go blasting above $73, then I'll start to worry. But for now, I am adding to my index put positions, since I think the public is getting suckered in……….yet again……….to a place they will regret.