Saturday, October 29, 2011
Trying out new software. I was able to put my custom indicators in so I don't have to update Excel every night. I don't know if I like it yet because it feels different. Sorry if you don't like the change.
New high and new low percents.
Have a good weekend.
at 2:22 PM
Thursday, October 27, 2011
at 8:13 PM
Wednesday, October 26, 2011
Nearing 20,000 views. Thanks for finding my work worth checking.
at 9:34 PM
Tuesday, October 25, 2011
at 10:26 PM
Monday, October 24, 2011
I will admit that I am not the best at following my own rules or charts. For instance, I pounded the table that the medium term and short term were oversold for pretty much all of early August, and that we should not be initiating new shorts. I bought some stuff, dumped too early. Then the indicators gave me a negative divergence (hold short medium term peak reached a lower peak - Oct- than previous - Aug - while the Dow made a new low) in early October. A perfect fat pitch in combination with the McClellan Summation index making a higher low which is something I always watch for. Disobeying facts in order to follow emotions and thoughts seems maybe more fun, but it is not profitable. I guess I did cover 80% of my shorts on the exact day of the low, but it was pennies for profits. And I didn't buy then. Anyways, just wanted to get that out there. I'm sure others feel this way. Whatever you do, don't ever panic buy or sell because of the crowd. I have learned that. Good luck.
at 9:28 PM
Sunday, October 23, 2011
Saturday, October 22, 2011
Must view: Monetary Madness by Nathan's Economic Edge
NYSI nearing 90
So, in summary, it looks like we may have a little time before a selling cycle starts. However, we do seem to be past the sweet spot of this bull cycle.
The TED Spread seems to be overbought, but it is still at levels that existed right before the Greece crisis really hit the front pages in May 2010. I honestly don't know if it was just causation or correlation. I don't know much about credit markets.
"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth."
"...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract….governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century."
John Maynard Keynes - The Economic Consequences of the Peace, 1919. pp. 235-248.
at 1:31 PM