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Well, your guess is as good as mine. :) Knowing how each market interacts with one another does allow you to think out of the box though (ie. stocks to bonds, bonds to currency, currency to commodities, etc). But if you focus solely on one market like I do (and only look at price action on the...

C'mon VZ, if you're talking about the US, this is one BIG country. Everyone will simply grab their things and move out of the most expensive area (like California) and relocate to the cheaper areas (like Idaho or Georgia) thereby reinflating home prices elsewhere. Obviously, that depends on the...

Can't say I endorse or recommend any of the following books, but they all deal with intermarket analysis (to a varying degree). Intermarket Technical Analysis - Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets (1991) Intermarket Trading Strategies (2009)...

Just a brief update: My long got stopped out earlier today just below 28K. Haven't had much time to monitor this thing lately, and this happens. Well, so be it. I should have flipped short, but for the time being, I'm just gonna stay on the sideline.

Having looked over your chart again, maybe there is reason and rhyme after all. The bottom line is connecting P0 and P2 while extending that same line to P1 at the top. So, unlike what I said earlier, I guess everything does in fact check out. :)

Well, first of all, what appears on your chart seems more like a pitchfork rather than proper trendline. Clearly those "pivot lines" on your chart are shadowing the midline. However, that midline itself is drawn haphazardly (eg. the midpoint between P0 and P1). That said, for a trendline to be...

Well, I think you're drawing them TLs wrong. They look way too arbitrary, no reason or rhyme.

Jumping in long as well at 4452.50 SL 4438

Hence the crazy wealth gap between the haves and have-nots (not that I'm pro union). But the in-your-face greed factor among the CEO bonus has really stained the entire socioeconomic fabric IMO.

It must be either Tokyo or Seoul :). I've been to both cities and I was out on a leisurely stroll at 2 AM without any concern for my safety.

Dude, where in Asia? For good? I've been thinking of relocating to Asia as well, possibly South Korea, Japan or Singapore. I'm still long, but it's a small position so ain't too worried. Anyway, I think we'll get a boost come next week. If not, we should be okay unless it goes below 28K again.

I wasn't trying to be politico, but merely mentioning the facts. Whether trickle-down economics (aka Reaganomics) actually worked is quite debatable since his government, as you correctly pointed out, spent so damn much on the military-industrial complex--although that might be justified at the...

Maybe you're too damn young to remember, but "trickle down" economics was instituted by Reagan, who is a Republican. On the flip side, "deregulation" was championed by Clinton, who is a Democrat. :rolleyes:

LOL sorry if I rubbed you up the wrong way, but I can't help but ask, can personality traits guarantee success? I'm sure some assholes (which is certainly a character trait) are successful at trading, but that alone is likely not the key to their success.

This is akin to asking, "does money bring happiness?" My answer is simple. You gotta know who you are first in order to be happy. Before then, no amount of money can make you happy. You might think it does, but you're only deluding yourself.

Only when you have a very strong middle class. Otherwise, you will end up with the Russian model: oligopoly.

Well, in that case, you might as well ask if being an asshole (or not) is a trait that contributes to success.

WTF? Seriously? When was the last time you got laid? :D Anyway, whether you're an intro or extro, just don't be an idiot. A lot of people use these labels to rationalize their own bad behavior, or worse, to shut others up. For example, consider perfectionism. People came up with this silly...

And we already know how it will turn out. It'll just be another Huawei, ripping off other companies' IPs. But only that when it's not a true replica, you can expect something like this to happen.

To my newbie self: 1) The market moves on sentiments, not fundamentals. 2) As such, everything is already factored in the price. Learn to read the price action and shut off the news. 3) Lastly, dumb money drives the market up, smart money takes it down.