Besides today's big turn down, then reversal up, some pretty amazing things have happened to me after my last post here on Slope: http://slopeofhope.com/2010/02/market-update-by-nathaniel-goodwin.html
I was contacted via email by a big time media outlet, and offered a job to help write dumb headlines as to why the market is moving in one direction or another. Sort of like the headlines that I was reading Thursday morning about the heavy snow over the past month causing huge job losses (LOL!)
I can't discuss what media outlet contacted me, but here is a hint. I'm also not allowed to give out many details of the deal either, but lets just say it's a little north of $16,800 per year and includes a lot of beer to kick-start the imagination.
Mom and grandma will both miss me, but it's time for me to become a man and head to New York City. I can't wait! I'm going to be extremely busy looking for an apartment and roommates, so I will not be able to post here very much in the next few weeks until things settle down a bit.
Here is an updated fib-fan chart from my last post. This one is a log chart, the previous one is Arithmetic. Note the big bad bear line in both. I won't go into which one people should use; but I know that a lot of people only use Log charts and a lot of people only use Arithmetic, so I like to use both and look for the one that is working.
Today's price action was really frustrating for me. I got stopped out of a large short position, breaking even after really big gains in the morning. This market is so quick; I stepped away for an hour to help grandma exfoliate, and my profits were gone. I see a really good risk/reward setup forming to add more shorts though.
Good luck everyone, it's time for me to spread my wings! …and news
