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Woulda... Coulda... Shoulda...

Posted on Monday, July 7, 2008 at 11:30AM by Registered CommenterOption Addict | Comments Loading...

Check this out...

I feel like I have robbed the internets of free money today. I have also robbed myself apparently of large sums of money. All because of my organizational skills. Allow me to tell you about it.

If you've never seen how I go about my analysis, you are missing an incredible experience. Like a professional athlete prepares for a game, the Option Addict prepares in a similar fashion to man-handle the market. Let me give you a sample.

First, I put on my favorite pair of XXXL jordan basketball shorts. The kind that look like capris on a giant.

I top that off with some furry lambs wool slippers. These are very special to me, because they are the only size 15 slippers that exist on this planet.

Next, I pick out my fro. Typically, I aim for a 3-4" lift off the dome, which requires hair care products that have to be imported from foreign countries. My headband is optional, but it serves as a "thinking cap" for the days in which I need to focus. When I am finished, it looks gorgeous, in my opinion.

I pour a hefty beverage, which now days is a rockstar punched. You are not officially a friend of mine until you have sampled this fine tasting drink.

Next, I set the mood with some music. Depending on how well my weekend went, I am either listening to gangsta rap, authentic country, or acid rock. I have a colorful taste in music and it helps me concentrate.

I open my account to the balance screen, to remind me of the prior week, how much ass I kicked, and to give myself chills. I focus on the steps I took to get to where I am, and focus on what I need to do to get to the next level. In the end, I let myself know that everything is going to be alright.

Next, I start to analyze the broader market (indices, ETFs, etc) to determine where the easy opportunities are. Then I open the watchlists and start scanning over them visually.

When I find the stocks I am interested in, I take a cocktail napkin, an old crumbled up piece of newspaper, or a receipt that made it through the washer, and start jotting down my symbols.

This week, my pen ran out of ink after about 50 symbols, which leads me to the point of my story. I had to use a pencil that was broken. In fact, from the looks of it, I was writing with wood.

I happened to miss three price patterns that were cast to the side of my long list this week. The symbols were hardly legible. Looking back, naturally they were some of the best performing stocks today.

I know what you are thinking. I bet you are thinking I am making this up.

Shame on you.

Check out the charts...

SD- The Soon To Be "Most Memorable Double Top of 2008"

SD08.jpg

EQT- The Descending Triangle of Death

EQT08.jpg

AZN- The Second Most "Irrelevant Trade" of Watchlist History

AZN08.jpg

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