The land of the greed and the home of the fiat slaves.</h1> <article> <h1>The land of the greed and the home of the fiat slaves.</h1> <p>MC — Fri, 10 Jul 2009 01:19:36 +0000</p> <p>Below is my reply to a conversation that took place on another forum. A poster stated the paper markets were in a downtrend since 2001. I questioned that because I knew that wasn’t right (using mainstream USD analysis) and probed how he came to that analysis. He said when valued in tangible/hard assets (crude, gold, silver) the paper markets are in a downtrend.</p> <p>————————–</p> <p>Well that’s subjective analysis and I’d need to know your lil slight of hand to be on the same page. <br /> The paper indices trade and are valued in USD. So while I see what u did there…that’s not typical analysis in the<strong> land of the greed and the home of the fiat slaves</strong>. <br /> I have issues with trying to price paper assets via something like gold for example. For one, in the last depression the government fixed gold prices.<br /> EVERYTHING that can be manipulated HAS been manipulated, and it’s even easier now with leveraged derivative contracts.<br /> Gold, crude, silver were all recently manipulated via derivative contracts.<br /> So while I appreciate the school of thought that gold, crude, silver and what not are tangible assets, the derivative markets have skewed the valuation on the underlying horribly.</p> <p>Again…you guys know I’m a ball buster. By no means an I advocating the USD and paper markets as a safe bet for life savings. LOL<br /> But it’s amazing what a few TRILLION O’bama bucks can do. Sure spending power goes down in “reality”. But through the magic of fractional reserve lending we are gaining 10’s of TRILLIONS in <em>lending </em>power. Thanks to the bailouts we will continue to be able to live well beyond our means. We’re all living off IOU’s anyhow so what is “reality” anyhow? This country and all our “wealth” is based on worthless paper. It amazes me that most Americans don’t want to hear this and love having the wool to cover their eyes.</p> <p>Charge it, take loans you can’t afford. WTF does it matter in the end? Seriously!</p> </article> <article> <h1>I now have Investor/RT Pro with Market Profile!!!</h1> <p>MC — Sun, 28 Jun 2009 05:22:47 +0000</p> <p><a href="http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html"></a></p> <p><a href="http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html">http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html</a></p> <p>I have created a thread to show why this is such an incredible software package/platform.</p> <p>Tune in as I’ll be doing training on market structure using market/volume profiling as well as other techniques. </p> <p>Feel free to sign up and ask questions in the forum. I’m more than happy to illustrate the capabilities of Investor/RT.</p> <p>Big thanks to Chad at Investor/RT ! </p> <p><a href="http://www.linnsoft.com/">http://www.linnsoft.com/</a></p> </article> <article> <h1>How was America built on IOU’s???</h1> <p>MC — Mon, 22 Jun 2009 01:02:19 +0000</p> <p><a href="http://www.tradersbase.com/forum/general-discussion-misc/757-propaganda-america.html#post6401">http://www.tradersbase.com/forum/general-discussion-misc/757-propaganda-america.html#post6401</a></p> <p>If you haven’t seen the videos they are a must watch! America is like a pinksheet penny stock, pump and dump. The question is when will the real dump begin…the pump is never ending in the news and media. We surely saw some dumping on that HUGE drop, but the bailout $ was used to prop the market up IMO. Pump up the jam. </p> </article> <article> <h1>I’m getting ready to scale some more out of the 401k…</h1> <p>MC — Sat, 06 Jun 2009 00:28:36 +0000</p> <p><br /> Today we smacked that shorter term trendline (I highlighted it red) I had there all along and got some rejection/selling pressure. I’m kind of expecting a push a bit higher to 9000-9100 which is HEAVY resistance from so many angles and concepts. 9000 is a good psychological level to seek a reversal just by itself. I do anticipate it upthrusting even higher where we may get massive hidden selling, but being delayed order execution I can’t time the 401k moves as well as I’d like. I’ll just do my best and try to sell into a push up/strength. <strong>We’re bound to get some volatility spikes shortly, remember that a candles CLOSE is all that matters, though the wicks should get wild showing hints along the way.</strong></p> <p>Sometime next week I’m moving another 30% of my 401k to stable value. That will put my “stable” funds at about 70% of the port. I’m just not willing to risk this resistance holding with what little of my nest egg is left. <br /> I will likely ditch the remainder at a later date if we push higher, for now I’m happy with the allocation and strategy. If somehow bulls push this thing I can always shift back to other funds, but for now I wanna put my $ where my mouth and my TA is. </p> <p>Remember back on 5/12 is where I cut the first slice to a “stable” fund. Scaling out FTW…there’s no telling where on the dot this will stop so I’d prefer to cut risk down as we rise incrementally. <br /> I could be dead wrong and bulls could make this year a legendary one…I’m sticking to my TA and laws of probabilities myself though. The macro trend is my friend…for now. </p> </article> <article> <h1>POC tested…in balance. Which way will she go???</h1> <p>MC — Thu, 04 Jun 2009 16:55:32 +0000</p> <p><span name="intelliTxt" id="intelliTXT"></p> <p>This new weekly chart shows the Point of Control being tested already. The green arrow is upside potential (assuming the supply range holds) and the red arrow is the downside potential (assuming the green support levels don’t hold). Range bound is <em>ok </em>to make moves in, but either use the range extremes for entry and stops or employ some scaling method using the extreme levels as stops. Or use range breaks to enter of course…breakouts are a very sound way of trading. In range the market is said to be “in balance”, and when balance is disrupted it tends to move to the next level of “balance” for testing. Enjoy! </span></p> </article> <article> <h1>DJI chart…a longer term view</h1> <p>MC — Thu, 04 Jun 2009 16:13:42 +0000</p> <p><span name="intelliTxt" id="intelliTXT">That red level would push us to fill the long wick on that wild candle down. That’s market excess and there’s lots of pain/supply to be found in that dead cat bounce area.</p> <p>If we hit mid 9000’s and show rejection on the tighter timeframes (daily, 60 min) I’ll be unloading some more of my 401k into stable value <a href="http://www.hotstockmarket.com/forums/showthread.php?p=2017741#" itxtdid="8332215" target="_blank" style="border-bottom: 0.075em solid darkgreen ! important; font-weight: normal ! important; font-size: 100% ! important; text-decoration: underline ! important; padding-bottom: 1px ! important; color: darkgreen ! important; background-color: transparent ! important; background-image: none; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt" classname="iAs" class="iAs">funds</a> as planned. That’s the area I could foresee capping this rally.</p> <p></p> <p>If we pierce into that red supply zone I could see <a href="http://www.hotstockmarket.com/forums/showthread.php?p=2017741#" itxtdid="8332348" target="_blank" style="border-bottom: 0.075em solid darkgreen ! important; font-weight: normal ! important; font-size: 100% ! important; text-decoration: underline ! important; padding-bottom: 1px ! important; color: darkgreen ! important; background-color: transparent ! important; background-image: none; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt" classname="iAs" class="iAs">investing</a> but with a trade style stop. Once inside that range we MUST hold or I would run to the hills as they say. Though all in all I think one is nuts to buy long into all this supply. Bulls either bought awhile ago or they should wait and pray for supply to prove broken and buy new found support. The support would be the top of the red zone and should be confluent with the bottom line of the downward sloping channel. Simple as that IMO. </p> <p>I’m not saying longs can’t squeak more $ out of the rally, just that the upside to downside risk is rather bearish at this point. </span></p> </article> <article> <h1>Updated ES chart</h1> <p>MC — Mon, 01 Jun 2009 15:06:14 +0000</p> <p></p> <p>If this can hold we may see some pained bears running back into the woods for a bit. </p> </article> <article> <h1>Indice and Metal charts…and some thoughts on them.</h1> <p>MC — Tue, 26 May 2009 15:19:16 +0000</p> <p><br /> The Nasdaq may be leading paper markets higher.?. It’s already back into that bearish channel while other indices are still stuck in range. I’d be interested to see a test of that resistance turned support and the channel to play out to the upside. Keep in mind it’s a BEARISH channel so as the market moves the slope degrades and damages profit potential from longs. Don’t be a full on bull unless and until that channel gives way to a new upward slope. Cut longs at obvious resistance and reduce exposure.</p> <table id="ncode_imageresizer_warning_2" class="ncode_imageresizer_warning" width="1014"> <tr> <td class="td1" width="20"></td> <td class="td2"></td> </tr> </table> <p><br /> Notice how the 3 indices are stuck at the 38.2% fib level. (Well on my charts it shows the 61.8% because I draw them backwards to get my extensions projected in the direction of the current trend.) All this hype and hooplah and we’ve only regained 38.2% of the violent wave down. Amazing how the news can twist things to make people feel the way they want them to feel.</p> <table id="ncode_imageresizer_warning_3" class="ncode_imageresizer_warning" width="1007"> <tr> <td class="td1" width="20"></td> <td class="td2"></td> </tr> </table> <p><br /> ES and YM both have room to go before that 50ma. That ma is going to match up with the bigger downward channels lower trendline soon.</p> <table id="ncode_imageresizer_warning_4" class="ncode_imageresizer_warning" width="1010"> <tr> <td class="td1" width="20"></td> <td class="td2"></td> </tr> </table> <p><br /> Silver and gold are both looking strong. You can see Gold holding and having the market excess defended pretty well here. A test of the 100% if not the 121% fib is pretty likely IMO…especially given the USD woes with Russia and what not.</p> <table id="ncode_imageresizer_warning_5" class="ncode_imageresizer_warning" width="1017"> <tr> <td class="td1" width="20"></td> <td class="td2"></td> </tr> </table> <p><br /> If silver can break this trendline it has a great upside potential. Metals may be making some headlines soon.</p> </article> <article> <p>MC — Sun, 17 May 2009 17:18:38 +0000</p> <p><span name="intelliTxt" id="intelliTXT"></p> <p>A monthly chart shows a reversion to the bearish upper trendline from the Y2K recession.</p> <p>Long term the bailout inflation will catch up…but for now that seems to be propping the market up and could cause some very interesting times ahead. JMHO. </span></p> </article> <article> <p>MC — Sun, 17 May 2009 16:36:05 +0000</p> <p id="post_message_6241" class="post_message"></p> <p>Again…pointing out that sexy NAHL divergence as a very good case for a bottom longer term. I still am anticipating lower volume tests of lows or some new lows at some point but I would be careful betting against this rally just yet without more confirmation. If you rode the rally this isn’t a horrible place to take partial profit and reduce exposure though…just in case. </p> </article> </main></body></html>