GOOG: Bought @ 549.43

[[GOOG]]

Update sold @ 557

Loaded up on the June 75s for $0.95

Via Stewie

“I cannot help but notice how little concern I am seeing on the behalf of the bulls at the moment. This makes me think that we are only at the beginning stages of this decline, not the ending stages.

If this decline ends up being a 3rd wave down, then this decline could be very long and painful and will burn a lot of ‘buy the dip’ traders. it’s better to trade with the down trend and use rallies to reposition shorts. notice the VIX barely moved up today even given the massacre in equities. that spells complacency.”

With the buyout news on BUD Anheuser-Busch, I will look to buy [[CEDC]]

Love this setup:

Damn it feels good to be on the right side of the market. Danny’s incredible invention has allowed me to switch from bullish to bearish with confidence.

Normally I stick to the bull camp, but why fight the tape, why not make the easy money. It fun to watch panic and see a stock crumble when you’re on the right side of the trade.

I stacked massive wins today on the short side: [[PCLN]], [[CHL]], [[CMG]], [[DE]], & [[AAPL]]

More charts tonight

Note: A big thanks to Danny for sharing his machine.

Long [[XTO]], Short [[DE]]

Update: Short everything!!