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It seemed to me that the OP was a newbie who probably has no idea how these ETF's work and simply pulled up a chart and extrapolated a return based on that. It's a common mistake especially when you see these 3X ETFs trading in single digits. It's very easy to get blinded by the chart if one...

We have massive inventory levels right now in oil. Has nothing to do with electric cars. Yeah these levels really matter. Energy prices across the entire complex is HIGHLY correlated to inventory levels.

No, using previous A levels violates one of my central tenets of ACD. That is trading levels that are not obvious. I have used the analogy in the past of how A levels are invisible to other traders but once price respects and fades off that level,that level becomes visible. Not as an A level...

Here is your soybean oil with the QTR levels. Looks like they A up was a nice fade all last QTR.

Well, I got a confirm in Silver today. Buy em in Yen.

For all you home gamers out there, oil does NOT look good. I don't like the way it's just sitting on the lows...waiting....waiting....waiting...

Are you "sure" you understand? :)

Correct, a contribution is not earned income and the tax code STATES THIS. This is why many parents "gift" money to their children to avoid probate taxes upon death. I suppose a church could sell cookies and that money would be classified as income,but financial offerings from the patrons are...

Actually it's not that simple. Those ETF's are path dependent and need to be modeled using a monte carlo simulation. There are a boatloads of white papers out there explaining the volatility drift and the performance of 3X etf's using various volatility levels. His returns could be no where...

I think you are confused. The church doesn't have any income therefore it pays no taxes. If you trade, I'm assuming the goal is to make money no? If that's the case, you have to pay taxes on that income. I have no idea why you think they don't pay income taxes. And to further clarify, the...

AAPL monthly levels 540 and 570. QTR are 505 and 580.

A MUCH weaker Yen. But this is not a daytrade. This will take years to play out.

Paging Kyle Bass... http://theweek.com/article/index/254923/everything-you-need-to-know-about-japans-population-crisis http://www.zerohedge.com/news/2014-01-13/japan-unveils-its-worst-current-account-deficit-ever

Copper still has a -6. Nothing to do there yet.

Silver and Bonds about to confirm on my 30 day. Never thought I would say that so soon.

Sure, if I had a trade on and it was in the black. Most of the FX stuff went into chop mode before the jobs number. It might be awhile before the yen stuff moves again. You need to find the next play. Don't keep going back to the same well. We had confirms for a long time and we had really...

I saw a nice pattern in natty gas. :) Once the number lines re-set in the yen crosses the tail winds stopped.

Most of the Yen crosses blew through their monthly A downs overnight.

Gold finally re-set on my 30 day and we are brushing up against the monthly A up for Jan around this 1250 level. Silver already re-set for me over a week back. Natty bounced off the QTR A down around 4.00. Bond re-set about a month ago and confirmed a monthly A up last week but heading...

Have you ever joined a gym? Pay a monthly fee for their equipment? Well, what do they do after you join? They try to sell you more stuff right; personal training, kickboxing, yoga classes, 2 week boot camps, protein shakes, gym t-shirts, etc. Well, that is what they are doing. The book was...