Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
OT /// Leary: “How To Use Your Head”
PROGRAM NOTES:
[NOTE: All quotes below are by Dr. Timothy Leary.]
"You have to go out of your mind to use your head."
"Now, in taking this eccentric position, of taking the brain seriously, you run the risk of getting out of touch with your professional colloquies."
"Now from the standpoint of the strategy of the genetic material, every living species is simply a creative solution to a packaging problem."
"This [early imprinting of young ducklings on orange basketballs instead of mother ducks] is both funny and tragic, because it raises the question, in the case of the human being, what accidental orange basketball have you and I been exposed to early in life?"
"At times it seems to us that one of the functions of the mind is to rationalize and protect an accidental early imprint."
"We suggest that psychedelic drugs may be seen as chemical agents which temporarily suspend your old imprints."
"The thing which excites us these days is the corollary concept of psychedelic RE-imprinting."
"I think that anyone who doesn’t experience, at some moment during their psychedelic sessions, and intense awe-full fear has been cheated by their psychiatrist or their bootlegger."
"LSD is the most powerful aphrodisiac ever known to man."
http://www.matrixmasters.net/blogs/?p=259
Gold stocks anyone...? - I'm a buyer, right here, right now...check the charts out, note the high volumes...again, and again...day, after day...
Have a great weekend...!
I'm outta here.
XGD (HGUx2)...to hell with it - I just took a small long position in the gold stock index.
we shall see.
I noticed on the XGD daily that we bumped the SAR, plus we're really close to seeing a PPO (MACD...?) bullish crossover - I'm thinking this is going to be apparent on the next SC scan list come Monday morning...could we get a burst at the open because of new found interest...?
nothing on my end either
XGD: HOURLY
- this is exactly what I was afraid of (note the circle).
okay, I can't take the pain...stopped out - I'll be back in the next hour - safer in cash.
yeah, right... anyway, 5 more minutes of pain, and I'll stop out of my gold stock index short - I need to see the beginning of the next hour.
you're going to turn that post into a novel <g>
I'm off to lunch, too...
...trying to make money, short or long, isn't as easy as one would imagine - which is why I've reduced the amount of charts I look at in a day...in fact it occurred to me to do what ajtj99 and the rest of those traders do and mainly focus on the SnP.
Decent money can be made just trading the no-brainer moves that are presented once or twice a week...if you've got the patience.
...and that, unfortunately is key.
IAC: yeah, agreed...I may have bought a wee bit early - the next hour may be more telling on the direction - dead money at the moment...in fact, I'm down a couple of pennies from where I bought.
I still think the daily looks too much like a H&S top.
yes, short...just took the position, say... about 10-minutes ago.
I also cashed up on the SnP - but no short on this one - I'll probably buy the next pivot point - possibly Monday afternoon, maybe earlier.
okay, bring the noize...
I took a position - the gold stock index.
long or short...?
noise...?
it's like a graveyard in here...post away...
Video-o-rama: Stock markets – turnaround time, By Barry Ritholtz
http://www.ritholtz.com/blog/2009/03/video-o-rama-stock-markets-%e2%80%93-turnaround-time/
Didya notice that I remembered...?
I've got Friday set-up as an appointment on my calendar - how's that for a senior moment? And I'm not so sure that I should be laughing about this.
I'm outta here...
<ggg>
yeah, I'm going to stay long--trying to catch a trend...and since tomorrow is FRIDAY could we have more short covering straight across the board...?
I have no idea what the final trading day of the week will bring.
haha...nspolar, still around, eh...? What a guy...
anyway, I'm a bit weary of the XGD daily, but I find the hourly interesting to say the least - I'll buy the pullback whenever the H&S top, stops looking like an H&S top.
K...take a look at XGD - its taking off again (I have no position) - are you bullish here on gold...? Are your little friends on SI bullish...?
K...no no no...not frustrated at all...I'm not interested in buying these "explosions" and besides I bought the SnP index in size yesterday afternoon - so I'm doing fine. What concerns me is gold, because I see it as insurance and the only way I'd feel comfortable in owning the SnP is with gold going down, and not the other way around.
...and about the markets: I don't know if I'd buy right here...I have a thing about paying up more than 2% to get into a position, even in a fast moving market...watch the hourlies and buy the pullback, if you get a pivot point that's a higher low then the previous low...it's the trend you're interested in.
...and here's my hope; let's have that multi-month rally Marc Faber has been talking about for the past month or so....I'd love to have a new trend follow.
K...is there any explanation about what happened yesterday, and then again this morning (at the open) in regards to gold...?
...or is it just your normal everyday "shit your pants" volatility that goes with this sector....?
let me know what you think...I'm certainly NOT buying here...as for the SPX, reverse H&S on the hourly...bullish.
Have you seen the volume that being generated on the XGD index...?
yup. - they haven't changed anything, other than the labelling...so far, so good.
just covered my energy short - back to cash...
I have a US$ margin account that I haven't used in a couple years - but again, if I want US exposure in a RRSP, one word, Betapro ETF.
K...yeah... a chart that's hard to look at - fwiw, the energy stock index is more sensitive to the broad markets than to the underlying commodity...I'll probably cover my short, since the markets haven't shown any kind of possibility of a ST pivot point.
still another thirty minutes...
Oh, about the gold trade...?
I said it was over last Friday, and I'll bet that we'll be back in sooner rather than later - so leave the tv people alone with their own incompetance.
Neat how I misspelled incompetence, eh? <g>
K...I made the decision the other day (after the Bombardier call) to only play the indices...so I'm the wrong guy to talk individual stocks with.
That said, post your ideas - it helps me with gauging market sentiment.
...so now I'll look at bank indices around North America.
thx
I still see the drilling index trading North of 6%
can you say; SQUEEZE.......!
USO: HOURLY
okay... I'm short the energy index...
so much for being patient...
is it my imagination or did USO just collapsed....?
ohh, I dunno... lol
<I just erased a couple of paragraphs of what I really think - no need to pepper the thread with bullshit>
The key for me is patience, it's the lesson I need to learn in this life....and I can't think of a better place to learn it.
Anyway, good luck tomorrow, hopefully you're not sequestered in a cheap motel for the next month...now that would suck.
later...
positioned perfect yesterday, and I was scared back to cash ... the best thing I can do for my portfolio now is to stop trading...and wait...for the perfect entry point. What's weird, I can call the direction of the market quite well, yet I haven't been able to capitalize on it.
...call me frustrated.
I'm thinking I too should take the day off, tomorrow too, maybe the rest of the week as I see the 20% move in GE today.
well, I'm pissed off ... I was properly positioned.
...still 100% cash... [sigh]
XGD: CHART
yeah, that's what I'm thinking - XGD.to will close below the 9, 20, 35, and 50-day MA, but still above the 200-day MA. I can see it opening -up- tomorrow morning, if the markets continue to be weak...and if/when the rally fails then I'll start looking to short from the next pivot point.
...that's how I'd like to play it...if not, cash is also good.
I'm now 100% cash.