Posted by onechosen1 on 31st of Oct 2019 at 10:34 am
Question to you who are traders...I was looking to swing GDX,
but have been waiting for lower entry given the Commercial short
situation. A lower entry is looking less likely however? Any
thoughts? Thank you....
Posted by onechosen1 on 14th of Dec 2009 at 09:51 am
If I understand it right, the argument goes...gold falls because
all of the printing and credit creation (trying to reinflate the
bubble with a bubble) is no good if demand for credit is not there,
which mainly comes from a change in risk appetite. The US
consumer is swamped with debt right now and disillusioned with what
has happened. If there is no demand, and a stockpile of debt
1000 miles tall still out there, then savings must go up and
consumption down. As well, US trading partners like Japan,
the EU and China will only allow the US to print $$ so long, then
they will intervene with their own currency protection. In
this scenario, the price for all assets fall (gold probably the
least). See Prechter audio interview about Sept 3 or 13
here on BPT....search "Prechter", go to that date and see
"deflation" audio; he is quite articulate about this and the
interviewer's questions are excellent (who is looking for
inflation, not deflation). Prechter thinks that AFTER the
deflation that MUST take place to delever...THEN there could be
inflation, possibly hyper-inflation (and gold way up)...but depends
on actions govt takes after deflation works its way through the
system...which he says cannot be stopped with any amount of $$
printing.
Anyone
subscribe to EWT and know what he is saying...? See
following:
"And THAT is
why the Nov. 19 EWT became a lot more important, more so than any
words of mine can describe. Mind you, Bob Prechter has not changed
the detailed forecast he just published. Instead the Special
Interim Report adds a few vital particulars, including a clear
recommendation and warning to subscribers."
Posted by onechosen1 on 4th of Aug 2009 at 01:02 pm
Absolutely agree... me, being a guy who works all day, I have
essentially missed 90% of the rally being focused and watching for
each near term pullback (and there is another one about every 2
weeks) when the overall trend and targets were all much higher
up....have watched this market both bleed and surge up now for 4
months. Unfortunate. Now watching the mid term far more
and turning down the sound on the day to day.
Posted by onechosen1 on 22nd of Jul 2009 at 02:12 pm
I help run a university hospital in California. We have
documented that once someone who was uninsured is insured, they use
more healthcare than before, and thus the costs go up as a
nation. In fact, that is one of the several core falacies of
this reform plan... there is no way to have the national cost go
down while insuring more people for more things on a first dollar
basis. If they figure the aditional cost at $1T, figure it
will be easily $3T+ by the time it is done.
Posted by onechosen1 on 22nd of Jul 2009 at 01:00 pm
Matt...since many of us work and cannot trade the 15 minute
systems well, will you consider attempting to find/create a 60
minute system (that maybe by its nature does not trade the 2X
ETF's, but only the standard 1X)? I know that this market is
gappy and choppy, so maybe it will be difficult to find
something that backtests and still works in this market.
Thank you...
Posted by onechosen1 on 7th of May 2009 at 09:53 am
even with all of the diveregences on the SPX and other charts,
is it actually time to get long for a swing...??? Maybe after
what might be a very mild pullback? I cannot trade daily; I
have to do swings. I am beginning to have no idea as to
whether to be "in" this market or not.... right now I am out after
losing $$ trying to short (which I suck at). Help...
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Does anyone know of a
Posted by onechosen1 on 21st of Dec 2019 at 03:18 pm
Does anyone know of a 1X INVERSE GOLD MINERS ETF...? I can find DUST and JDST (both 3x), but nothing else. Thank you.
Question to you who are
Posted by onechosen1 on 31st of Oct 2019 at 10:34 am
Question to you who are traders...I was looking to swing GDX, but have been waiting for lower entry given the Commercial short situation. A lower entry is looking less likely however? Any thoughts? Thank you....
401k Paint Dry System
Posted by onechosen1 on 14th of Dec 2014 at 04:43 pm
What might be the next trigger for the paint dry system to go long…is it close at all to doing so?
TBT...blow off bottom today?
Posted by onechosen1 on 26th of Feb 2010 at 06:12 pm
Any thoughts? This is ceratinly many trader's LONG TERM "trade of the decade".
Ditto...thanks.
McHugh Mid-day update (excerpt from) No charts
Posted by onechosen1 on 2nd of Feb 2010 at 02:50 pm
Ditto...thanks.
If I understand it right,
gold to $650 - $700
Posted by onechosen1 on 14th of Dec 2009 at 09:51 am
If I understand it right, the argument goes...gold falls because all of the printing and credit creation (trying to reinflate the bubble with a bubble) is no good if demand for credit is not there, which mainly comes from a change in risk appetite. The US consumer is swamped with debt right now and disillusioned with what has happened. If there is no demand, and a stockpile of debt 1000 miles tall still out there, then savings must go up and consumption down. As well, US trading partners like Japan, the EU and China will only allow the US to print $$ so long, then they will intervene with their own currency protection. In this scenario, the price for all assets fall (gold probably the least). See Prechter audio interview about Sept 3 or 13 here on BPT....search "Prechter", go to that date and see "deflation" audio; he is quite articulate about this and the interviewer's questions are excellent (who is looking for inflation, not deflation). Prechter thinks that AFTER the deflation that MUST take place to delever...THEN there could be inflation, possibly hyper-inflation (and gold way up)...but depends on actions govt takes after deflation works its way through the system...which he says cannot be stopped with any amount of $$ printing.
Elliott Wave special post
Posted by onechosen1 on 24th of Nov 2009 at 06:00 pm
Anyone subscribe to EWT and know what he is saying...? See following:
"And THAT is why the Nov. 19 EWT became a lot more important, more so than any words of mine can describe. Mind you, Bob Prechter has not changed the detailed forecast he just published. Instead the Special Interim Report adds a few vital particulars, including a clear recommendation and warning to subscribers."
TBT
Posted by onechosen1 on 27th of Oct 2009 at 01:56 am
Looks like the market is saying rates may be going up sooner rather than later...
Any comments?
TBT and VNQ
Posted by onechosen1 on 14th of Oct 2009 at 05:03 pm
Is it just a buying euphoria in the market (for VNQ)? I believe the fundamentals support the TBT move, not so sure about VNQ....
Is anyone watching TBT....?
Posted by onechosen1 on 14th of Oct 2009 at 03:58 pm
Absolutely agree... me, being a
July Trading (Review of My trading) Issue
Posted by onechosen1 on 4th of Aug 2009 at 01:02 pm
Absolutely agree... me, being a guy who works all day, I have essentially missed 90% of the rally being focused and watching for each near term pullback (and there is another one about every 2 weeks) when the overall trend and targets were all much higher up....have watched this market both bleed and surge up now for 4 months. Unfortunate. Now watching the mid term far more and turning down the sound on the day to day.
I just put some $$
Nasdaq 15 min chart and market
Posted by onechosen1 on 27th of Jul 2009 at 04:17 pm
I just put some $$ back to work today in my 403b accts...therefore market will pull back, no kidding, generally 90% odds.
Any thoughts on RIMM?
Posted by onechosen1 on 27th of Jul 2009 at 10:13 am
If RIMM pulls back to its 50MA ~$2 below current price of ~76.50? Seems target might be $85 initially.
Healthcare "plan"
OT - Healthcare
Posted by onechosen1 on 22nd of Jul 2009 at 02:12 pm
I help run a university hospital in California. We have documented that once someone who was uninsured is insured, they use more healthcare than before, and thus the costs go up as a nation. In fact, that is one of the several core falacies of this reform plan... there is no way to have the national cost go down while insuring more people for more things on a first dollar basis. If they figure the aditional cost at $1T, figure it will be easily $3T+ by the time it is done.
Swing trade mechanical system?
Weekend - new mech system long only
Posted by onechosen1 on 22nd of Jul 2009 at 01:00 pm
Matt...since many of us work and cannot trade the 15 minute systems well, will you consider attempting to find/create a 60 minute system (that maybe by its nature does not trade the 2X ETF's, but only the standard 1X)? I know that this market is gappy and choppy, so maybe it will be difficult to find something that backtests and still works in this market. Thank you...
Gold
Posted by onechosen1 on 12th of Jun 2009 at 01:09 pm
Another ($10) or so and it looks like it will have fallen to the uptrend line....will it be a buy there? Thoughts this weekend?
JOYG
Posted by onechosen1 on 26th of May 2009 at 11:48 pm
What does anyone think of this one? Bull flag?
The REAL reason the market is donw...
Posted by onechosen1 on 7th of May 2009 at 03:07 pm
I finally sold my SDS yesterday...always happens, and I mean always.
Bonds breaking out
TBT
Posted by onechosen1 on 7th of May 2009 at 02:58 pm
Matt and Steve... can you discuss this one in tonight's review?
Interesting....
Are We Reliving 1982 or 1975?
Posted by onechosen1 on 7th of May 2009 at 09:53 am
even with all of the diveregences on the SPX and other charts, is it actually time to get long for a swing...??? Maybe after what might be a very mild pullback? I cannot trade daily; I have to do swings. I am beginning to have no idea as to whether to be "in" this market or not.... right now I am out after losing $$ trying to short (which I suck at). Help...