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you mean shorting the CND...?
there's a surprising amount of saucer shaped bottoms forming in the small/mid cap stocks--accumulative chart patterns, may be a positive affect on the underlying currency...
fwiw, you'll have to study which countries and what commodities do well in times of war.
so, we're not going to zero...and with a minority government I don't think we'll be adopting the Amero anytime soon...and if the Americans continue to fight wars we'll certainly have a buoyant base-metals/energy market.
just my guess.
...but our banking sector didn't go tits up...
Our present weakness in the CND is for the same reason it became so strong in the first place--they (the foreigners) couldn't buy our small/mid caps fast enough and pushed both our stock markets and our dollar through the roof only having the reverse happen--which incidentally bottomed out late November 2008.
good... so I haven't forgotten how... thanks.
silly question--can you see that I posted an annotated chart...?
have a look at:
uuu.to
u.to
dml.to
uex.to
anyway, you get the drift....?
the charts need to work out their divergences...
with gold we're not even short term overbought--but we're starting to get opposing data from different indicators.
I'm 6' 2' 220 and I own a big metal bat.......
well, I'm 5' 10" 160lbs, I own a hockey stick and my wife has a french poodle.
that said, I'm sitting on my hands over here waiting for the charts to resolve themselves...very bearish out there, too bearish...so I'm thinking we could get an upside surprise...still in cash...waiting.
I have to hand it to the others (on iHub) who are daytrading this thing so aptly, certainly not my style. Wouldn't be ironic if the markets totally collapse here and everything goes to zero--and I'm too scared to go short...?
...because I'm "neutral." (?????????????????????????????????)
incredible, I'm stopped out again... yuk, I'm outta here for the rest of the day.
see-ya tomorrow.
thanks for posting that--terrific article.
your markets are interesting to say the least--this morning's shit by the banks almost gave me a heart attack...stopped everything out at the open, only to buy everything back about an hour ago.
The Obama whipsaw.
It's incredible when you think about it--I'm a gloom and doom, end of the world kind of guy, yet, I don't own a gun or have any gold.
btw, nice chart, gold is very difficult to trade (going by all the gaps) you really have to have a belief in it, to be in it.
yeah... I'll think about it.
thanks.
do you still listen to FSN...?
Gerald Celente is the 2nd hour interview --- OMG....!!!
http://fsn.s3.amazonaws.com/fsn2009-0117-2b.mp3
none, zero, nada--I don't own any gold.
...amazing, eh...?
My biggest reason is that they track who owns gold here in Canada, to buy it you need to fill out the paper work and they take you SIN too...and then there's always the threat that the government will make it illegal to own. Therefor, I'd have visions of swat teams crashing into my house to confiscate my handful of coins only to discover that I have a 6 foot tall skunk plant resting in the darkness of the night--and then finding myself locked up in a work camp for the rest of my life.
I'll trade paper, thank you.
Btw, I agree totally with your post--yup, they are somewhat tied together, and fwiw I'm not too hopeful for Monday--just too many of those black candlesticks going into the close. And yes, stay the hell away from small/mid cap stocks--there nothing more depressing than holding a dead small cap while the general markets roar forward. IMHO, small cap stocks are a barometer of the real economy, if mom and pop aren't making a go of it, then it's a bear market...and in bear markets we can only be short or neutral.
The point you made about short covering, it may feel like it, especially this morning but I'm thinking that (lately) the volumes are slightly lower than usual on the + days, but it's slowly building which tells me that there is small amount of bullishness going into the inauguration--but it's tentative, which is understandable, since the big boys sell relentlessly.
anyway... who knows--I may become neutral for the next "100-days," which is the feeling I'm getting from you.
Take care, see next week.
so is gold going to finish the day up by a whopping 3% and gold stocks doing the exact opposite....?
ohh, I dunno... I'm getting that gut wrenched feeling again, the one that caused me to quit trading a couple of years ago.
I'm super bearish on energy, so I thought I was seeing the things I wanted to see.
thanks.
anyone know what the real price of natural gas is...?
ino is telling me that it's down by more than 35%
my short positions are now covered -- took a small long position in the S&P 500 (just in case it gaps up tomorrow - std bs in bear markets) -- will add more once the price is trading above my 9-day MA
super high volume on the USO -- not so high on OIH, but the day isn't over yet.
gold has been working nicely as portfolio insurance--not exactly one to one, but not too bad either. Also by this chart, you'll recognize that there's a series of lower highs over the past year.
thanks...
I wouldn't be surprised to see a short covering rally, possible as soon as tomorrow, if not look to cover short positions sometime Monday afternoon. Btw, the chart shows that were at day 7 in the red--don't get overly confident with your shorts--new president in less than 5-days.
Dick Arms: OVERSOLD Arms Index …ENCOURAGING
from Barry Ritholtz excellent blog:
http://www.ritholtz.com/blog/2009/01/dick-arms-oversold-arms-index-%e2%80%a6encouraging/
...about the forex account--I used to, but the company I was with went tits up...my account was small so there was very little panic on my part, and I eventually got my (all) money back.
...as for forex companies, you can click some of the banner adds at INO.com -- or check out -- http://www.mfglobalfx.ca/ -- if I remember right, this is the firm that took over the Canadian clientele after the Refco debacle.
the currency markets may be our last trade--I'm thinking our biggest problem going forward is going to be liquidity, and liquidity is the traders best friend...and forex market(s) trend nicely, nicely enough that there's little or no difference in the price action whether you're long or short.
unless we are living in caves and walking to work...
--after the banker bailout I realised emotionally (technicals) that your government is at war no only with the world but with it's own citizens, and as you know--I trade only by the technicals, that said, in case you haven't noticed, there's a new consciousness out there, and it's time to adjust to it.
-- this movie is truly frightening--check out their website:
http://www.thehorizonproject.com/
+ video "Horizon Project":
http://video.google.com/videoplay?docid=-280609650060040722
anyway, the other day I was grocery shopping with my wife when I notice a young couple standing there reading the ingredients on a jar of pickles and the man remarked to his wife that these must be NWO pickles because he couldn't pronounce the multitude of chemical additive and preservatives on the label and returned the jar back onto the shelf. I had to laugh, because I'm now hearing it everywhere.
...will we also be hearing about the endtimes...?
...the pole shift...?
...Mayan calendar...?
...and how do you think the markets will react to St-John's Apocalypse, when Obama succeeds in getting a 7 year peace deal in the Middle East...?
Anyway, it's a situation that can't go on indefinitely--if NWO wins, were finished. If the Mayan calendar is correct, we have a pole shift and a harvesting of souls, were finished anyway...and hey, if we're still here come 2013--I'll go long, with leverage.
--we have 3 short years left to live <vbg> make every second count.
...and that's the real reason why I'm back--I want to trade this fucker right to the bottom...
IAC: actually I don't mind, honestly, I couldn't make money anymore...the small cap sector was being hollowed out in small handfuls for the last three years (while the big caps were hitting new highs). So for every good trade, was followed by a bad trade--I thought I was losing my mind, my nerve, my mojo... I couldn't tolerate it, so I stopped trading about 2-years ago, only to show up last January to play the Santa Claus rally--and quickly realised I needed another break, since I only traded from the long side.
why am I back...?
-- banker-bailout.
I get it, I now understand the game for the first time in my life.
...and now, I want to experience the markets from the short side (I'll even reluctantly trade from the long side too).
anyway, nice talking to you again--best of luck...!
uhh... well, hmm, small caps have been crushed 90% +, if not completely out of business already, and this "correction" is far from over.
...and don't forget
that I was right when I warned you to stay out of energy last year.
so don't go out and rent a supertanker so you can store oil -- the shit is worthless.
Marc Faber US Government Will Go Bankrupt! Global Economic Collapse
Marc Faber Says 2009 Will Be Writeoff for Global Economy
we're going through a period of transformation--whether we like it or not.
Check out the video: The Age of Transitions
http://www.redicecreations.com/radio/2008/12dec/RICR-081228.php
I'm a deflationist--even before the banker bailout--it all goes to zero...I'm even more convinced of it now, since I underestimated the level of corruption in our societies.
all my cash is with e*trade -- all my assets are in my house -- nothing new in this regard. so, if we go tits up, I'm more interested in eating than I am at having a Swiss bank account.
...still a perennial gold bear...
$350 gold, $20 oil -- is my state of mind -- could even go lower.
well, obviously it isn't ... and until we see a return to seasonality, finding a "bottom" is nothing more than a mugs game.
-- also noted in bull markets both Fridays and Mondays are usually positive days.....what we're seeing now is just the opposite.
that said, I stopped out last Friday morning, full load of cash, waiting for the next buying opp--and like I was saying in my previous post; if I can't make money (at will, like I use to do) then I'm outta here, probably for good, or return sometime after 2012, say January 2, 2013--if I'm still here (physically) to play the tax-loss game.
A.....nice to see that you're still kicking....haven't heard from you in a while.....no letters, notes or cries of anguish...?
anyway... I'm back on board here for a little while.
I want to see if there's going to be a return to market seasonality, and my first play is to add some tax-loss candidates for a possible Santa Claus rally.
...if the Santa Claus rally doesn't materialize, I'll continue with my market sabbatical for another year.
Merry Christmas, everyone...!
...and a profitable 2009....???
Boonen pointed at Steegmans with his arms up-- and he was smiling.
Tour de France official prologue results
July 7 (Reuters) - Official results from the 7.9km prologue
of the Tour de France in London on Saturday
1. Fabian Cancellara (Switzerland / Team CSC ) 08:50"
2. Andreas Kloeden (Germany / Astana ) +13"
3. George Hincapie (U.S. / Discovery Channel ) +23"
4. Bradley Wiggins (Britain / Cofidis )
5. Vladimir Gusev (Russia / Discovery Channel ) +25"
6. Vladimir Karpets (Russia / Caisse d'Epargne ) +26"
7. Alexandre Vinokourov (Kazakhstan / Astana ) +30"
8. Thomas Dekker (Netherlands / Rabobank ) +31"
9. Manuel Quinziato (Italy / Liquigas ) +32"
10. Benoit Vaugrenard (France / Francaise des Jeux )
11. David Zabriskie (U.S. / Team CSC )
12. David Millar (Britain / Saunier Duval ) +33"
13. Jose Ivan Gutierrez (Spain / Caisse d'Epargne )
14. Mikel Astarloza (Spain / Euskaltel )
15. Andrey Kashechkin (Kazakhstan / Astana ) +35"
16. Alberto Contador (Spain / Discovery Channel )
17. Cadel Evans (Australia / Predictor - Lotto ) +36"
18. Sylvain Chavanel (France / Cofidis )
19. William Bonnet (France / Credit Agricole )
20. Oscar Pereiro (Spain / Caisse d'Epargne ) +37"
21. Michael Rogers (Australia / T-Mobile )
22. Linus Gerdemann (Germany / T-Mobile ) +38"
23. Paolo Savoldelli (Italy / Astana )
24. Rik Verbrugghe (Belgium / Cofidis ) +39"
25. Sebastien Rosseler (Belgium / Quick-Step )
26. Denis Menchov (Russia / Rabobank ) +40"
27. Levi Leipheimer (U.S. / Discovery Channel )
28. Thor Hushovd (Norway / Credit Agricole ) +41"
29. Tomas Vaitkus (Lithuania / Discovery Channel ) +42"
30. Filippo Pozzato (Italy / Liquigas ) +43"
Cancellara takes Tour de France prologue
LONDON, July 7 (Reuters) - Swiss Fabian Cancellara of the
CSC team won the 7.9-km prologue of the Tour de France on the
streets of London on Saturday.
Cancellara, already a winner of the Tour's opening time
trial in 2004, coped perfectly with the flat course starting at
Trafalgar Square and finishing in The Mall to set the best time
of eight minutes 50 seconds, according to provisional results.
The 26-year-old Swiss will be the first to wear the yellow
jersey after beating German Andreas Kloeden of the Astana team
by 13 seconds. American George Hincapie of the Discovery Channel
came home third.
Two years to the day after 52 London commuters were killed
in attacks on three underground trains and a bus, 5,000 police
officers were deployed along the course which passed Hyde Park,
Westminster and Buckingham Palace.
-- large attendance for the prologue. I can only hope the TdF isn't embarrassed by OP in this three weeks of racing.