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Silent Service Method

  • #11,821
  • Feb 7, 2011 10:15am Feb 7, 2011 10:15am
Quoting clockwork71
The unemployment rate drops because Americans are giving up looking for work. I don't buy the bullshit about weather. I only know what I see, and it ain't "Now Hiring" signs.

Manhattan must be it's own universe (been there, wasn't impressed. It's still not New Orleans.) - because they get it wrong. Every time.
Someone who agrees with you as well Chris..

http://www.thetradingreport.com/2011...ason-to-cheer/

baz
  • #11,822
  • Feb 7, 2011 1:16pm Feb 7, 2011 1:16pm
Quoting baz
Someone who agrees with you as well Chris..

http://www.thetradingreport.com/2011...ason-to-cheer/

baz
Thanks for posting this baz......good read, even if you don't agree with me - it is certainly something worth contemplating.
  • #11,823
  • Feb 7, 2011 1:27pm Feb 7, 2011 1:27pm
Here is what interests me at the moment. The one catch: The recent low was higher than the one before. Perhaps it will turn out to be a short-term momentum play?
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  • #11,824
  • Feb 7, 2011 1:55pm Feb 7, 2011 1:55pm
Quoting clockwork71
Here is what interests me at the moment. The one catch: The recent low was higher than the one before. Perhaps it will turn out to be a short-term momentum play?
It's failed at the 61.8% extension of the ABC bottom formation

A (swing low), B (previous high just taken out), C (most recent low).

Failure exactly at this level often leads to a complete reversal of the most recent movement leaving 1.50 and below open with 1.4740 weekly pivot support 2 as the likely extension target short.

Close below 1.5398 also shows a failure at the weekly ichimoku kijun-sen level which normally provides strong support or resistance.

Certainly saw this one coming Chris.
  • #11,825
  • Feb 7, 2011 1:59pm Feb 7, 2011 1:59pm
Quoting clockwork71
Thanks for posting this baz......good read, even if you don't agree with me - it is certainly something worth contemplating.
No Buddy..i am with on the US economy...BUT just cant understand why the DOW has been moving higher...??
But as they say " at any given point,just look at a chart..it reflects the opionion of all the traders "..
take care..i always enjoy your take on the markets, life,... ..etc etc..

baz
  • #11,826
  • Feb 7, 2011 4:23pm Feb 7, 2011 4:23pm
Quoting 4xAddict
It's failed at the 61.8% extension of the ABC bottom formation

A (swing low), B (previous high just taken out), C (most recent low).

Failure exactly at this level often leads to a complete reversal of the most recent movement leaving 1.50 and below open with 1.4740 weekly pivot support 2 as the likely extension target short.

Close below 1.5398 also shows a failure at the weekly ichimoku kijun-sen level which normally provides strong support or resistance.

Certainly saw this one coming Chris.
Can someone tell me if he just agreed with me? lol

I barely understood most of that.
  • #11,827
  • Feb 7, 2011 4:27pm Feb 7, 2011 4:27pm
Quoting baz
No Buddy..i am with on the US economy...BUT just cant understand why the DOW has been moving higher...??
But as they say " at any given point,just look at a chart..it reflects the opionion of all the traders "..
take care..i always enjoy your take on the markets, life,... ..etc etc..

baz
All you have to do is look at the Dow to see a perfect example of absolute insanity.....
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  • #11,828
  • Feb 7, 2011 4:51pm Feb 7, 2011 4:51pm
its gone thru all the obstacles on the way UP...
i guess 78.6 Fibo(12500 )... or 13000..next??

DOW JONES INDUSTRIAL A.png
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  • #11,829
  • Feb 7, 2011 8:11pm Feb 7, 2011 8:11pm
Quoting baz
its gone thru all the obstacles on the way UP...
i guess 78.6 Fibo(12500 )... or 13000..next??

DOW JONES INDUSTRIAL A.png

It could be. However, I think that it might just suddenly fall based upon some kind of event. Of course - it keeps ignoring those too......so what do I know?
  • #11,830
  • Feb 8, 2011 8:33am Feb 8, 2011 8:33am
So on the television this morning, they are going on about how Beazer miss estimates. (Beazer is a home builder) WWWWWWHHHHHHYYYYYYYY are we still thinking the housing market is going to snap back to where it was as fast as it fell?

Amazing.
  • #11,831
  • Feb 8, 2011 8:46am Feb 8, 2011 8:46am
Quoting clockwork71
So on the television this morning, they are going on about how Beazer miss estimates. (Beazer is a home builder) WWWWWWHHHHHHYYYYYYYY are we still thinking the housing market is going to snap back to where it was as fast as it fell?

Amazing.
Take's people's attention off the fack 2 Fed Reserve members now think Bond purchasing is dangerous as hell and won't vote for it anymore, OR, the fact Marines are sailing to Egypt, OR the fact that JPM and the London Clearing House now accept gold as collateral OR the fact the price of a tripple bypass burger and a litre-o-diabetes is about to skyrocket if Bernanke keeps printing cash that's getting poured into commodities.

Move along people.........nothing to see here.

It's a travesty in real terms.
  • #11,832
  • Feb 8, 2011 9:11am Feb 8, 2011 9:11am
Quoting 4xAddict
... the fact the price of a tripple bypass burger and a litre-o-diabetes is about to skyrocket if Bernanke keeps printing cash that's getting poured into commodities.
GOOD! Americans could afford to go on a diet anyway.

In all seriousness, we saw during the gas spike a few years ago (2006ish), that people will cut back where they need to cut back and spend where they WANT to spend. They will give up their freedom before they give up their discretionary cash...how different from the thinking that started this country, hell, even a generation ago.

Perhaps we really need to be woken up to the folly of our ways in the past half century of gluttony. We still have not learned what got us to where we are and are doomed if we don't realize this. You know how I know we haven't learned? Look at the DOW and S&P, nothing is fixed and yet we are acting like everything is sweet and peachy! It is a lie, we are no better off (and possibly worse) than 2008-2009...

What's the adage - "Buy the Rumor, Sell the News?" Well the rumor is we are fine, but the news is going to break sooner or later that this is all a big hoax...and guess what? The same people still have Golden Parachutes.
  • #11,833
  • Feb 8, 2011 10:09am Feb 8, 2011 10:09am
Quoting bgin2end
GOOD! Americans could afford to go on a diet anyway.
Speak for yourself - just yesterday I reached my most recent goal of being able to squat 150% of my body weight.

Quote
In all seriousness, we saw during the gas spike a few years ago (2006ish), that people will cut back where they need to cut back and spend where they WANT to spend. They will give up their freedom before they give up their discretionary cash...how different from the thinking that started this country, hell, even a generation ago.

I blame the baby boomers. Never was there a generation that took so much, and bitched about it the entire time. Ask most Gen X'ers, and they would tell you they admire their grandparent's generation much more than their parents' generation.


Quote
Perhaps we really need to be woken up to the folly of our ways in the past half century of gluttony....

I know. It's going to be sickening. It's a friggin' travesty, but you know what????

If you are Joe Q. Public and haven't learned it's a big ponzi scheme yet - you simply weren't paying attention, and are getting what you ask for. Two major meltdowns in 10 years should have been a wake up call.
  • #11,834
  • Feb 8, 2011 10:15am Feb 8, 2011 10:15am
"I blame the baby boomers. Never was there a generation that took so much, and bitched about it the entire time. Ask most Gen X'ers, and they would tell you they admire their grandparent's generation much more than their parents' generation."

This is the TRUTH!!!

There are not many people from my parents generation I would look up to at all, other than my own parents who are wonderful people.

But from the generation before them. I just put my Grandfathers WWII Navy outfit in a display case a few weeks back, that is how much they mean to me.

Oh, and look at my avatar, now THAT was a REAL American (General Patton for those that do not know).
  • #11,835
  • Feb 8, 2011 10:37am Feb 8, 2011 10:37am
Quoting bgin2end
GOOD! Americans could afford to go on a diet anyway.

In all seriousness, we saw during the gas spike a few years ago (2006ish), that people will cut back where they need to cut back and spend where they WANT to spend....
The rate at which the volume is dropping with the markets still climbing and the 10Y Ts looking at a break above 3.5% targeting 4%. That's the news.

Just waiting for people to realise it or the latest pop up may be the last push up for the big boys to start accumulating shorts.

Look at the volume on gold you guys on the daily. Amazing.
  • #11,836
  • Feb 8, 2011 2:42pm Feb 8, 2011 2:42pm
Quoting 4xAddict
The rate at which the volume is dropping with the markets still climbing and the 10Y Ts looking at a break above 3.5% targeting 4%. That's the news.

Just waiting for people to realise it or the latest pop up may be the last push up for the big boys to start accumulating shorts.

Look at the volume on gold you guys on the daily. Amazing.
Where can I see accurate volume on spot gold?
  • #11,837
  • Feb 8, 2011 2:53pm Feb 8, 2011 2:53pm
Quoting VitaminBeer
Where can I see accurate volume on spot gold?
Hi mate,

I watch it on the futures because it's a real number. I am willing to overlay those to the spot market as they track each other so closely.

It's obviously not 100% accurate however you can see it's also diverging heavily from the direction of the price action.

S&P and Dow are also in a very similar position.

Of course Bernanke can continue printing money and rigging the market but one day his mandate will end and there will be a firesale like no other.

Insider selling ratio this week is at 434 sellers for every buyer so the smart money is still heading for the exits. At the end of this little game, Bernanke may just have to world's largest share portfolio ever - and also record the world's largest loss....
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  • #11,838
  • Feb 8, 2011 2:57pm Feb 8, 2011 2:57pm
Hi All,

Not exactly hard hitting journalism and his page has too many ads however this piece about bonds is worth checking out.

If for no other reason than it get's you looking and planning for when this opportunity comes knocking which it will in my opinion.

http://swingtradingdaily.com/2011/02...-bubble-of-all
  • #11,839
  • Feb 8, 2011 8:55pm Feb 8, 2011 8:55pm
Quoting 4xAddict
....... - and also record the world's largest loss....

It's not his loss if I pay for it.
  • #11,840
  • Feb 9, 2011 7:12am Feb 9, 2011 7:12am
Quoting 4xAddict
Hi All,

Not exactly hard hitting journalism and his page has too many ads however this piece about bonds is worth checking out.

If for no other reason than it get's you looking and planning for when this opportunity comes knocking which it will in my opinion.

http://swingtradingdaily.com/2011/02...-bubble-of-all

I always liked this blog. I recommend it for anyone who hasn't read it.

Chris
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