Dear Readers PACIFISM and ANARCHISM have no part in ANTI-SOPITALISM. No discussions will be entertained that all wars are wrong and borders should not exit and other such nonsense. Not on this site. We fight for HONEST-CAPITALISM in this one and only beautiful country (USA) we have. With all ugly problems this is still the country to live in. Any other BSers not on this site please. Let us just make sure we put up good fight for a better USA, one that loves it's ( not always shiny) past so that it can build it's future on that foundation.
Markets, as you can see the GOLD and SP500 OSCILLATORS are not in the sell. If anything they drift towards buy rather than sell... Ha.. Yes Virginia. If you come here then listen to the markets. None of us can sound better than it does and it loudly says... "Perhaps soon, but DO NOT HURRY TO SELL ME YET ". Mininum Condition for us to enter SELL ALERT is that YELLOW OSCILLATOR drops sharply DOWN. So, watch it.
Good Trading
13 comments:
Aug PCE down 0.1%. overseas market all making new high. Dangerous to short.
hi boris, i love your term"ahmedin-jihad".we should let the "shia and "sunni" kill each other in "messopotomia" if we truly want to eradicate the radical "islamists".
i agree with your vision of USA.
here is something to ponder:
A little boy goes to his dad and asks, "What is
Politics?"
Dad says, "Well son, let me try to explain it this
way:
I am the head of the family, so call me The President.
Your mother is the administrator of the money, so we
call her the Government.
We are here to take care of your needs, so we will
call you the People.
The nanny, we will consider her the Working Class.
And your baby brother, we will call him the Future.
Now think about that and see if it makes sense."
So the little boy goes off to bed thinking about
what Dad has said.
Later that night he hears his baby brother crying,
so he gets up to check on him. He finds that the baby has severely soiled his diaper. So the little boy goes to his parent's room and finds his mother asleep. Not wanting to wake her, he goes to the nanny's room. Finding the door
locked, he peeks in the keyhole and sees his father
in bed with the nanny. He gives up and goes back to bed.
The next morning, the little boy say's to his father, "Dad, I think I understand the concept of politics now."
The father says, "Good, son, tell me in your own
words what you think politics is all about."
The little boy replies, "The President is screwing the Working Class while the Government is sound asleep. The People are being ignored and the Future is in deep sh**"
gorli
Boris and all,
Doing some Fibonacci time analysis last night, suggests a lot of support for lagscrews estimate of 10/2 or so for the top. For the $NDX, the move from 7/19/07 down to 8/16/07 is 22 trading days. The move from 8/16/07 up to 10/2/07 would be 33 T.D.'s, and this is very close to a .62 relationship. In Glenn Neely's Mastering Elliot wave, he states one of the time rules: "Looking at three adjacent waves (here A,B, and C) if the second wave exceeds the first in time, then the third wave will generally relate to the first in time by .618, equality, or 1.618. So your time duration targets for wave "C" would be those ratios times 21 or 22 T.D.'s, i.e.13, 22, and 34 t.d.'s from the top. Flats in particular, tend often to have waves B & C take the same amount of time...Therefore I would vote for a downwave of 33-34 T.D.s on wave C, and assuming wave B tops out around the 2nd of October, that suggests, 11/20/07 or so as the bottom of the "C" wave. Does 11/20/07 have any other Fibonnaci support? Yes, a 1.618 extension of the time span from the 3/14/07 bottom to the 8/16/07 bottom puts you right at 11/20/07
So if we do top early next week, that November date might be one to watch...Since "A" down, and "B" up, were perfect "3's" so far, wave"C" should be a "5"...
Good luck all,
Mark L.
dangerous to short what? USD? US EQUITIES?
Dear Dxb, I gave oscillators of GOLD and SP500, they are very early to short.
Good Trading.
Dear DXB/Readers, GOLD rocketed.
I can not ignore Heavy 143 resistance, but looks to me like we go to 750 if not today then Monday.
Good Trading
yes Boris i know thanks . I was actually questioning dollarpro (first comment)
Dear GORLI,
Thanks, very very true to the reality. As we know it.
Good Trading
Dear Mark Lytle, Very nice analysis indeed. Thanks a lot on behalf of our readers. Please note that I think it was Voltaire that gave similar analysis, was it LagScrew Also... I forget, but let us give credit to bogth.
ANd certainly to you ...
Regards,
I think Voltaire gets credit even tho I am of the Bear camp here
Dear LagSCrew Thanks.
You see this is a honest Capitalist. A man to be respected. That is all we want, for CAPITALISTS to love this coutry of ours and respect rule of law ans stop bribes and lies. The same from the governmnet.
That is it. That is all we want.
Good Trading
Boris,
My apologies to Voltaire, I am in and out of this board and others, saw just a few comments and ran with it..there are many really good minds on this board..
Regards and good trading to all,
Mark L.
Dear Mark L. Thanks all in good spirit and yes,
there are many good minds on this blog...
AAAAAAAAAAAMMMMMMEEEEEEEEENNNN.
Good trading
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