The "up-to-the-minute Market Data" thread

reply to post by RetinoidReceptor


Well.. I have about 80 years of charting in front of my face

When I first starting trading, as I have previously stated I was rarely into technicals and bought more on fundaments, or "bought what I knew"

That did work out, that is until I got greedy, and we all know that story already.

I really got interested when I read the book "TRADING IN CHOPPY MARKETS" in fact the book is sitting right here next to me right now.. its by an author ROBERT BARNES..

Excellent book if I may say and IS VERY VERY DETAILED..

Now the book goes into EWT, and many many many other things..

Without dumping all my brain into this post I learned a few things that will stick for life (for me at least personally)

1. EWT is all based on personal assumptions and opinions, and I do not think it is valid.. or if it is.. well you better REALLY, and I MEAN REALLY KNOW WHAT THE HELL YOU ARE DOING..there is so many ways to interpret it, that the book even leaves you guessing a bit.. which I found completely strange.

2. Trending works. It is proven over years and years of history in not only the dow, but in markets long before

3. The EXPONENTIAL MOVING AVERAGE has been a timetested and proven method in predicting trends

4. The equilibrium of something I think its called equilibrium price method without looking it all up etc. does work, and that also has been time tested and proven over many years (you will notice in some of my posts it seems like the futures just gravitate all over my trend lines (EQ lines)

5. Ranges do work (ties in with trending) and you will see me often throw up a resistance and support and *amazingly* once ones breaks either side it will move hard (reference monday mornings move)

I hope this clears that up a bit...

I could type and type about this for hours.. but IMO the EMA is the monarch of this whole thing (IMO of course) the mathematics behind it make way too much sense

reply to post by cpdaman


Are you speaking to me about the last paragraph?

These alternative investments are only for accredited investors (RICH PEOPLE) and they pay high dividends and return on investments over time and ALSO HAVE EXCELLENT TAX IMPLICATIONS FOR THE RICH

Originally posted by cpdaman
GBM good posts .....it is a great debate you and your dad have.....and i enjoy what you bring to the discussion

RReceptor thanks for the reply..........i enjoyed it ....i have a question about a part of your logic

you say investors will invest the money ( that they would have spent on treasurys..) in corporations or corp debt (but corp..credit spreads have been tanking).... and why would these investors not invest into commodity's like OIL instead....or NG.....even Gold....or....foreign stock.... i don't see this as having an inflationary impact....



[edit on 3-6-2009 by cpdaman]

The point is ANYTHING the investors do (minus putting their money under their mattress) will contribute to inflation. If they buy equities, then corporations will thus have HIGHER equity in which they have more room to do things which will create higher earnings. There is more money floating around than there should be because the government bought its OWN debt rather than other people buying it. The government spent and bought its own debt while the people who would have financed the debt are off buying other things. So it isn't only the government that spent money, but also the people who would have financed the government's debt. Does this make sense?

WHen I was typing all that previously I noticed I really never got into EQ lines in this thread..

And as I was looking at the past several days I notice one is setting up textbook infact..

Its in yellow..

Notice how it plays with resistance and support..


EQ and LT Trendline

EDIT:

Just go to the link lol.. cant post all that info..


Interesting, huh?


www.cnbc.com...


[edit on 3-6-2009 by GreenBicMan]

reply to post by RetinoidReceptor

The point is ANYTHING the investors do (minus putting their money under their mattress) will contribute to inflation. If they buy equities, then corporations will thus have HIGHER equity in which they have more room to do things which will create higher earnings. There is more money floating around than there should be because the government bought its OWN debt rather than other people buying it. The government spent and bought its own debt while the people who would have financed the debt are off buying other things. So it isn't only the government that spent money, but also the people who would have financed the government's debt. Does this make sense?

I can give you a simple philosophical answer, but who cares?
If you really want to understand what is going on, you will have to admit that the whole economy thing is a farce which is imposed by force on everyone.

Put two mirrors to reflect each other - you will get the principle of reflection reflected. It is totally empty of contents. That is hyperinflation!

They are now down to the principle of their existence and they are heavily stressing it as a way of life. Everyone must be affected as a proof of their authority over everyone.

That is the only reason all this is happening. And the situation is very dangerous and life threatening. it gets to people in a one-to-one manner, so most people who are not affected right this moment are made to believe they're "safe".

What really goes on, as you guys have noticed, they keep "renaming" whatever they do on a daily basis and now you have "equities" traded for "equities", or "debt" traded for "debt".

Yes, it is absurd, but it is imposed by force.

We come to "naked violence" - that is what this is really about.

It is a war waged against all of us. They manage to make people confused with this kind of manoeuvrings better than using tazers.

Here's how it works in a "poetical" manner.
The following quotation is from "Reinhardt":

Remember the all-too-often repeated catch-line..
“The administration didn’t save Enron from bankruptcy”?

*
Funny how.. during the last Enron..
bankruptcy was touted.. as a bad thing?

*
.. and during this Enron..
bankruptcy is considered to be.. a good thing?

*
the King can have it both ways..
while the hens.. watch American idol

Now, replace the phrase "American Idol" with "Wall Street".

The only point is: who has the "authority" to "name" things.

Because naming things is the way the "change" is realized.

Or the "ex"-change.

So what we have here done by Obama administration is exactly the kind of change BHO "promised" during the election times. He didn't lie! But who is to blame for not understanding what "change" really means?

The "exchange market".

Natural Gas has almost erased its 10% gain yesterday and today. It seems like it is still the retarded sister of crude oil. Perhaps because of it being out of season.

Ok, we hit 8650 in the futures and bounced a bit.. now testing again.. I think we REALLY need to hold right here..

I think UNCLE BEN TALKS IN 10 MINUTES!!!!!!!

Dear Uncle Ben,

I have put my neck out on the line for you. I know we share a common bloodline, and that you will not let me down.

Always,

GBM

esq.


futures 949am EST

reply to post by RetinoidReceptor


Ya sometimes it seems that it has a hard time swallowing food, and you need to hit it in the back lol

I thought this time it would hold 4.00 easily.. still up big though from 3.20..

Interesting area for Nat Gas right now..

Futures just broke 8650..

Went down pretty hard on that bar if you can see that..

errrr......


so that sucks

Originally posted by GreenBicMan
reply to post by RetinoidReceptor

 

Ya sometimes it seems that it has a hard time swallowing food, and you need to hit it in the back lol

I thought this time it would hold 4.00 easily.. still up big though from 3.20..

Interesting area for Nat Gas right now..

It isn't up that big from 3.20 when you look at all the other commodities and stocks, it is actually doing horrible. UNG's low was 12.65 and it is now 14.70.

reply to post by RetinoidReceptor


Really?

25%

I guess its not gold.. lol

Originally posted by GreenBicMan
reply to post by RetinoidReceptor

 

Really?

25%

I guess its not gold.. lol

I don't even think it got to 3.20 bcu but it doesn't really matter unless you invest in the spot price. UNG was at 12.65 and it is around 14.70 now which is about a 14% rise which is dastardly considering it is still down around 20% YTD and if you look at oil that rose 100% from its lows and so did most other commodities.

reply to post by RetinoidReceptor


Yeah, remember oil was at 147 or something though, as well as NAt Gas much higher as well..

Yes, it lags, you are correct

For the people in the oil markets have a much bigger "PAIR" than I do LOL..

I mean you gotta have some fortitude to be in that market.. I think my dad is crazy

reply to post by GreenBicMan


My dad just called me "a little bi***" in another language

hahahahahaha

He said today is the day I lose my shirt..

I look to uncle ben to prove him wrong..

yikes!

Originally posted by GreenBicMan
reply to post by RetinoidReceptor

 

Yeah, remember oil was at 147 or something though, as well as NAt Gas much higher as well..

Yes, it lags, you are correct

For the people in the oil markets have a much bigger "PAIR" than I do LOL..

I mean you gotta have some fortitude to be in that market.. I think my dad is crazy

I think it really depends on what you are trading in the oil market and why you are trading it and what price you are at. If you are trading oil futures for speculative reasons and you are trading at this price, then yes, you need to be pretty staunch.

Ahahahahaha -----> finance.yahoo.com...

From Ordering Steak and Lobster, to Serving It

Carlos Araya used to order lobster, filet mignon and $200 bottles of red wine at the Palm Restaurant in midtown Manhattan.

Now, he seats customers at its Tribeca branch.

Mr. Araya, 38 years old, lost his job in 2007 as a crude oil trader on the New York Mercantile Exchange. After visiting dozens of headhunters with no luck, he applied in August 2008 to be a host at the Palm to support his wife, two young daughters and mortgage payments. His salary has plunged from $200,000 to $25,000.

The less unproductive speculators, the better.

When writing "The Wealth of Nations," did Adam Smith forget to include a chapter on "futures?"

He didn't. This speculative and unproductive crap wasn't around when capital was forming due to unset of industrialization with feudalism on the way out. When things need to be done, there is no fu-king around with unproductive sh-t like that. The ratio of money that flows through the productive/unproductive sector has been increasing in favor to the unproductive part -- and that includes excessive military spending. Any nation indulging itself in excessive unproductive speculation will pay the price.

The naive economists regard the period after a recession as something that gives AAA rating to the fundamental rules that govern over the way folks are exchanging goods and services. That's wrong, coz the up and down time intervals will be far more frequent. New ill-conceived influences have been put in play that affect the basic rules. As an effect, capitalism itself will be quietly and intuitively redefined, and it will undergo a transformation over the next few decades.

The Joker stirred in the box, brushed his teeth and blew a whistle.
Ahahahahaha . . .




[edit on 6/3/2009 by stander]

Economy Sheds 532,000 Jobs; Planned Layoffs Show Drop

U.S. private employers shed 532,000 jobs in May, fewer than the revised 545,000 jobs lost in April, a report by a private employment service said Wednesday.

The April figure was originally reported as a decline of 491,000.

www.cnbc.com...

I wonder how the "hidden" numbers look like, you know those numbers of jobs that never will make it to the unemployment filing because they do not qualify for unemployment.

Bernanke Warns on Deficits as Treasury Rates Rise

Bernanke secret Federal banks investors are losing money, now that the taxable income is at a low time high of 44% is not money to be made.

So he urges the government to stop spending

Federal Reserve Chairman Ben Bernanke is urging Congress and the Obama administration to start plotting a strategy to curb record-high U.S. budget deficits.

Failing to do so could eventually erode investor confidence and endanger the economy's prospects for long-term health, he said.

www.cnbc.com...