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Disaster Averted at the Mall (by Nathaniel Goodwin)

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I am super short right now, and with Tuesday's price action I thought it might be a good idea to get a long position just in case we get a ramp-job Wednesday. I went through a list of some stocks and picked out CROX.

My thinking is like this, we are hitting the bottom of my red sai and we have gap support at $5.15 (which we bounced off of today). It also shows a nice 5 Elliott Wave move down from 10/15/09 to 11/10/09, then a bounce up to 11/17/09 (could be an A), move down from there to today (could be a B), and we could see a bounce up from here towards the red sai's median line which could be a C. Then further decline from there. In at 5.20 stops at 5.14.

Croc
 

After the market closed I went to get an Orange Julius at the mall. I was sipping the fine drink while riding the escalator to the second floor. Then, believe it or not, my crocs footwear got stuck in the escalator and I nearly lost my right foot. A nice elderly woman pulled me from danger as my croc got torn to shreds.

This totally freaked me out, and made me worry about this position. What if we gap way down??? Freaking karma! Well at least my right foot is ok.

I went home and scratched the pair of purple crocs I wanted off of my Christmas list and told my mom not to get them for me. I hope I can dump this CROX position soon.

Happy Thanksgiving!

Love,

Nathaniel