Posted by yankee19 on 31st of Aug 2009 at 11:30 am
Contrary to popular belief, commodities markets are not DRIVEN
by the currency markets.... They can be impacted by currency, but
the supply and demand for wheat is not DRIVEN by the $USD.
I am a scaredy cat who has been burnt recently trading the gold
stocks, so preservation of capital is almost as important to me as
the profits.
You are very right and clearly more experienced - I am learning
and fortunately or unfortunately I sold out of SDS @ $69.00 after
having bought it @ $64.00 when S&P was at 1300.
One of the reasons I like this site is there are savvy guys here
who speak intelligently and calmly like yourself.
Please keep us relative newbies abreast of when you entry new
trades and what stops you use as this can be very helpful. I
am in the hole way too much from getting burnt on gold stocks so I
am really hoping to make a couple of good trades with shorts during
this next bear leg. I would like to get in again at some
point when the market rallies so I can participate and make some
money.
This debt deflation will cascade into all asset classes, as it
already has, and then into the real economy, which it already is,
and then further into all asset classes, and so on and so
forth. We are talking systemic financial meltdown the likes
of which we have never seen before unless there is some support for
housing. This isn't fantasyland - this is real hard
economics. Moral hazard is real and true but we are past the
point of making moral hazard an issue. Housing and asset
inflation overshot on the upside and unlike extraordinary measures
are taken housing and all asset classes will overshoot on the
downside. The market along with the Fed have failed and we
cannot just wash our hands and think this is going to go away
without incredible long term effects on the real economy.
Booms and busts occur - but this is the greatest financial and
ECONOMIC crisis ever.
Gross is spot on. This deleveraging and asset deflation
will be devastating. The free market will not solve this
problem - I don't like it but housing prices need to be supported
by the US gov't balance sheet. Otherwise we are in
depression.
Posted by yankee19 on 28th of Aug 2008 at 05:37 pm
Fair enough Matt.
I like your service here - I am on the 2 week trial but will
probably subscribe. I want to be able to do my research, make
my trades, put in my stops and let things go intelligently. I
don't have time during the day to sit in front of a screen and
watch the ups and downs. In fact, I have lost more doing that
rather than picking good entry points, putting in intelligent stops
and letting things go and review them at the end of the day.
It helps to remove the emotion.
What's your take on the 60 minute stochastics being extremely
overbought on $SPX as opposed to the slow stochastics being
mid-range?. Not sure I really understand the distinction
between the two but based on Swanson's charts the 60min looks like
a pretty good indicator of where things are headed.
The community is delayed by three days for non registered users.
Oil has more than doubled
Oil and gold
Posted by yankee19 on 2nd of Sep 2009 at 10:02 pm
Oil has more than doubled off its' lows... Gold still has plenty of room to run
Contrary to popular belief, commodities
Posted by yankee19 on 31st of Aug 2009 at 11:30 am
Contrary to popular belief, commodities markets are not DRIVEN by the currency markets.... They can be impacted by currency, but the supply and demand for wheat is not DRIVEN by the $USD.
What manipulation are you referring
Posted by yankee19 on 31st of Aug 2009 at 11:23 am
What manipulation are you referring to?
Thanks Vida
GDX:GLD Mech System
Posted by yankee19 on 16th of Jun 2009 at 12:49 pm
Thanks Vida - all the best in your trading!
GDX:GLD Mech System
Posted by yankee19 on 16th of Jun 2009 at 12:20 pm
Matt - I have been looking for your GDX:GLD mechanical system with 7/21MA crossovers. Can you please post the link?
spx
amazing
Posted by yankee19 on 5th of Sep 2008 at 02:59 pm
So the thinking is we retest 1260?
Banks
Posted by yankee19 on 5th of Sep 2008 at 02:54 pm
OK - what's the over/under on the number of banks the FDIC takes over this weekend?
SDS
Posted by yankee19 on 5th of Sep 2008 at 11:58 am
Anyone else looking for a good entru point for SDS?
Think we might actually get back to the PP @ 1247 on $SPX?
Michael
Gross predicts Dow 5,000 September 6, 2002 (CNN/Money) The manager of ...
Posted by yankee19 on 5th of Sep 2008 at 09:09 am
I am a scaredy cat who has been burnt recently trading the gold stocks, so preservation of capital is almost as important to me as the profits.
You are very right and clearly more experienced - I am learning and fortunately or unfortunately I sold out of SDS @ $69.00 after having bought it @ $64.00 when S&P was at 1300.
One of the reasons I like this site is there are savvy guys here who speak intelligently and calmly like yourself.
Please keep us relative newbies abreast of when you entry new trades and what stops you use as this can be very helpful. I am in the hole way too much from getting burnt on gold stocks so I am really hoping to make a couple of good trades with shorts during this next bear leg. I would like to get in again at some point when the market rallies so I can participate and make some money.
Gross
Gross predicts Dow 5,000 September 6, 2002 (CNN/Money) The manager of ...
Posted by yankee19 on 5th of Sep 2008 at 05:24 am
This has only begun. The real economic impact hasn't hit the masses - yet.
I hate to be a doomsdayer - this whole thing sucks. And you certainly need to be careful with sohrts here - tight stops rule the day.
This deleveraging and forced sell in all risk asset classes is and will be devastating.
Ugh
Gross predicts Dow 5,000 September 6, 2002 (CNN/Money) The manager of ...
Posted by yankee19 on 4th of Sep 2008 at 09:11 pm
This debt deflation will cascade into all asset classes, as it already has, and then into the real economy, which it already is, and then further into all asset classes, and so on and so forth. We are talking systemic financial meltdown the likes of which we have never seen before unless there is some support for housing. This isn't fantasyland - this is real hard economics. Moral hazard is real and true but we are past the point of making moral hazard an issue. Housing and asset inflation overshot on the upside and unlike extraordinary measures are taken housing and all asset classes will overshoot on the downside. The market along with the Fed have failed and we cannot just wash our hands and think this is going to go away without incredible long term effects on the real economy. Booms and busts occur - but this is the greatest financial and ECONOMIC crisis ever.
Gross
Gross predicts Dow 5,000 September 6, 2002 (CNN/Money) The manager of ...
Posted by yankee19 on 4th of Sep 2008 at 05:57 pm
Gross is spot on. This deleveraging and asset deflation will be devastating. The free market will not solve this problem - I don't like it but housing prices need to be supported by the US gov't balance sheet. Otherwise we are in depression.
Thanks Martin
$USD
Posted by yankee19 on 3rd of Sep 2008 at 09:35 pm
Do you have any long term charts of the dollar so I can get an understanding what you mean by fan lines ... etc
$USD
Posted by yankee19 on 3rd of Sep 2008 at 01:02 pm
It would be real nice if this dollar rally would just poop out.
SDS
Posted by yankee19 on 28th of Aug 2008 at 05:37 pm
Fair enough Matt.
I like your service here - I am on the 2 week trial but will probably subscribe. I want to be able to do my research, make my trades, put in my stops and let things go intelligently. I don't have time during the day to sit in front of a screen and watch the ups and downs. In fact, I have lost more doing that rather than picking good entry points, putting in intelligent stops and letting things go and review them at the end of the day. It helps to remove the emotion.
What's your take on the 60 minute stochastics being extremely overbought on $SPX as opposed to the slow stochastics being mid-range?. Not sure I really understand the distinction between the two but based on Swanson's charts the 60min looks like a pretty good indicator of where things are headed.
Thanks for your time.
Mike Swanson
Posted by yankee19 on 28th of Aug 2008 at 05:12 pm
Matt - just wanted to know what you thought about Mike Swanson buying SDS at the end of day today?