the entire mkt is in a Washout Pattern (WO) pattern here meaning: there is reason to buy the mechanical entry a nickel above the hi of today there is reason to buy evidence of momentum prior to the mechanical entry in order to front run it, so that u can get a better average price […]
Tag: finance
The face of future warfare or a phenomenon emerging from complexity without attribution?
Here is some underreported insight that supports the theme of “Money as a Weapon System” which should give you a moment of pause. LiveLeak reports this interview of Rep. Paul Kanjorski. At 2 minutes and 20 seconds in the video below, Kanjorski explains how the Federal Reserve told Congress members about a “tremendous draw-down […]
Market reflections January 24, 2009
1. The teaching is good in our new state-of-the-art college building at Fort Leavenworth. Everyday as I walk to the new building I go past the old building which is being demolished. I’ve been watching the wrecking ball taking apart beautiful building and I can’t help but noticing how quickly the heavy ball takes apart […]
Interesting twist to prop up markets
Congress and President Bush signed legislation that suspends the rule requiring retirees over 70 ½ to take withdrawals (RMDs) from tax-deferred retirement accounts, such as traditional IRAs and 401(k)s. This suspension currently lasts for one year, 2009. The intention is to give retirement accounts time to rebound from the difficult economy/market conditions. Please note that you […]
Borrow more to get out of debt: all it lacks is an 800 number and an infomercial
In a sequence of CSPAN broadcasts, Washington insiders expressed their shock—Shock! at the state of the budget disaster in Congress. Senator Conrad, has suddenly discovered just how deep the debt hole that Congressional spending, aided and abetted by an unprincipled administration, has put our children in. Because its our children thathave inherited the mess these […]
Tactical trading: maxpain strategy in oil pays off within a week
closed our tactical trade in oil, using the 2x leveraged oil ETF (DXO). we bought at $2.20 with a .2 initial stop, after oil closed below $30/barrel, and closed the tactical portion of the trade today at $3.45. Thats a little over a 6R win in a week. here are some of the supporting slides […]
Trading Lesson transcript: the importance of self talk
Trading Lesson: 12/30/2008 Summary: a review of some 5DD and 5DDC setups, and an inquiry into self talk ========================================================== The Trader: COP has a nice chart today. Had my eye on it after you put it on your list of 5DD. Got distracted after it went down a 6th day. Should have watched it […]
Profitable ETF Trading Strategies: Sector Contrarian
There is a new conventional wisdom beginning to emerge from the stock market these days and it says that there’s no way you can make money in a bear market unless you have the good fortune to be an expert market timer and bet against the recovery of the broad market. While it is true […]
“Paying” for bailouts as if they were taxcuts
I am surprised not to see a suggestion from either side of the aisle, that suggests “bailouts” should be paid for in the same way tax cuts: by identifying dollar-for-dollar tradeoffs. By government standards, the Big 3 bailout is a rather modest sum when you stack it up against the Department of Defense budget. Republicans arguing on principle […]
Market Health Check, Dec 22, 2008
Upgrade from Intensive Care to Critical market has been hammering out a bottom here. The slope of the 50d MA and the 30d Rline have turned positive. Volatility has dramatically reduced. The large candle days in the last 30 have been up not down; the 20 and 50dMAs are coming together. The next “easy” upside […]