Wednesday, November 13, 2013

Yellen, "The Fed has more work to do!"

Yea, I mean we're still using dollars instead of SDR's.  The Fed needs to hurry up and flush everything down the toilet so we can be 'rescued' by one world government.

Wednesday, October 30, 2013

New Beginings

We seem to move forward through life looking forward to things in the distant future and then immediately looking forward to the distant future for the next event of importance.  Meanwhile we waste away the gift of life.  Where are we now?  What are we looking forward to?  Have you looked at where /NQ is sitting in respect to the monthly Boilinger Bands?  Can you see the stars?  How many fingers am I holding up?

Will November be bad?  Will it be good?  It depends on what you're looking forward to?  It's much easier to be pleased when you aren't expecting anything in particular.

Thursday, April 25, 2013

Not a Paper Trader

I'm a Paper Chaser!


Thursday, April 18, 2013

Dot Dot Dot

Everybody is too bearish...


Thursday, February 28, 2013

Rally on nothing

Feels like a wave 2 to me.  A lot of the internal indicators I follow are saying to me we are in selling mode.  Still not sure how I feel about /YM... but tomorrow would seem to be breaking point for the bearish case if it intends to break.

Monday, February 25, 2013

Let it Ride!

In case anyone was wondering or couldn't figure it out, the last count I posted has been COMPLETELY RIPPED APART.

So instead of waiting on a fifth, it was complete as a 1 or an A.  2 completed this morning and we have a 3 of 3 on the board.  1488 hit, but it's no longer the target. 

"How do you deal with the /YM high this morning?"  Basically, like this... It lagged, the others did not truncate, and thankfully im not positioned in DOW.

Big Head and Shoulders on the Nasdaq.

The way to play this move is to look for extremes in your indicators matched with "reversal".  I really dont think this is the big one, at the same time it's not an average correction, but anything is possible.

I watched a video the other night on some traders because, let's face it.. I'm moderately obsessed.  One thing stuck out was this guy sitting in a plush house drinking wine like it's water and in a full reclining position talking about how easy making his money was.  It's obviously not that easy, but his advice came in two blocks of hard truth.

1) Win every day.
2) Let it ride.  If you're winning, bet more, let your winners ride.

While #2 can get you in trouble quick, if you abide by rule #1 it's not a problem is it??

Thursday, February 21, 2013

1488 = 1505 - (.618 * 28)

1488 = 1505 - (.618 * 28)

Bartolomeu Dias (Portuguese pronunciation: [baɾtuluˈmew ˈdi.ɐʃ]; Anglicized: Bartholomew Diaz; c. 1451 – 29 May 1500 [1]), a nobleman of the Portuguese royal household, was a Portuguese explorer. He sailed around the southernmost tip of Africa in 1488, the first European known to have done so.

Wednesday, February 20, 2013

A Good Day to Die

Some time in the early spring of 1876, Sitting Bull climbed to a hilltop, seeking a vision. In his dream, a great dust storm swirled down upon a small white cloud that resembled a Lakota village. Through the whirlwind, Sitting Bull could see soldiers marching. The little cloud was swallowed up for a time, but the storm eventually dissipated and the village emerged unharmed.
On June 21st, Custer met on the Yellowstone River with Colonel John Gibbon and their superior, Brigadier General Alfred Terry.

Terry ordered Gibbon to march to the mouth of the Little Bighorn, while Custer and the Seventh Cavalry would try to locate the Indians and drive them down the valley toward Gibbon and annihilation.

As Custer rode off, Gibbon called out to him, "Now Custer, don't be greedy. . . . wait for us."

"No," he said, "I will not."

"This country is my country now, and I intend to stay here and raise my people to fill it. We did not give our country to you; you stole it. You come here to tell lies; when you go home, take them with you."
-Sitting Bull

Wednesday, January 2, 2013


I'll admit the past few days have been a surprise, but this extreme move is hard to trust.  I'm not able to check charts now but I believe we gapped into the upper daily band and moved above it to close.  It's hard to imagine this move doesn't retrace significantly, perhaps the middle of the band.

Gap.. to crap?

Crazy gap, does it crap?  At least closes on the day I say... no way?  OK.