Good question, I don't let my thoughts on fundamentals get in
the way of trading. You should have seen my charts since you
went back to take a look at old posts. I like a simple
13/34 cross on 60-min charts, not fool-proof, but works for me.
Now, that being said, am I ready for food shortages, social
mood-swings and currency crisis outside of trading? You
bet I am!
I play the $RUT via TZA/TNA...I like the cross to be while price
is impulsing up or down, but not always. I'll try to use the
Elliott Wave to make a trade as well, athough many here do not
follow the EW.
Posted by tomoboyle on 12th of Nov 2010 at 08:44 am
I may be wrong but isn't it true that both these guys have been
terribly wrong on their calls since the "crisis" began? Schiff had
his followers shorting the dollar when instead it rallied
incredibly when everything else was going down. And Prechter has
been calling for a deflationary collapse while everything else
(pretty much) has been in a bull market since 3/2009.
I don't know why anyone would want to listen to these
guys...
Prechter is the one that said that Gold is going to 600 last
year. He doesn't trade anymore... He just
collects money for Newletters.
How long can you stay solvant waiting shorting gold to
600.00? LOL
A terrific debate between Peter Schiff and Robert Prechter over whether their predicted economic collapse will result from inflation or deflation.
Posted by jtverr on 12th of Nov 2010 at 07:31 am
http://peterschiffchannel.blogspot.com/
Jtverr looking back you have
Posted by searay on 12th of Nov 2010 at 09:26 am
Jtverr looking back you have posted all bad news since june of 09. Has knowing this stuff helped your trading or kept you looking short?
Good question, I don't let
Posted by jtverr on 12th of Nov 2010 at 09:36 am
Good question, I don't let my thoughts on fundamentals get in the way of trading. You should have seen my charts since you went back to take a look at old posts. I like a simple 13/34 cross on 60-min charts, not fool-proof, but works for me.
Now, that being said, am I ready for food shortages, social mood-swings and currency crisis outside of trading? You bet I am!
Good luck to you.
Joe
13 EMA crossed below 34
Posted by angelo851 on 12th of Nov 2010 at 10:12 am
13 EMA crossed below 34 EMA on 60-min $SPX. Are you short $SPX?
I play the $RUT via
Posted by jtverr on 12th of Nov 2010 at 10:17 am
I play the $RUT via TZA/TNA...I like the cross to be while price is impulsing up or down, but not always. I'll try to use the Elliott Wave to make a trade as well, athough many here do not follow the EW.
Thanks!
Posted by angelo851 on 12th of Nov 2010 at 10:21 am
Thanks!
I may be wrong but
Posted by tomoboyle on 12th of Nov 2010 at 08:44 am
I may be wrong but isn't it true that both these guys have been terribly wrong on their calls since the "crisis" began? Schiff had his followers shorting the dollar when instead it rallied incredibly when everything else was going down. And Prechter has been calling for a deflationary collapse while everything else (pretty much) has been in a bull market since 3/2009.
I don't know why anyone would want to listen to these guys...
Schiff and Prechter
Posted by zach06 on 12th of Nov 2010 at 09:08 am
Prechter is the one that said that Gold is going to 600 last year. He doesn't trade anymore... He just collects money for Newletters. How long can you stay solvant waiting shorting gold to 600.00? LOL
beautiful stuff, jt. keep 'em
Posted by jbidmt on 12th of Nov 2010 at 07:43 am
beautiful stuff, jt. keep 'em coming