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I do not trade stocks for a living. I am a futures trader for the past 25 years. I have been all over this bond move. Look for a 135-136 objective. And like most of the rest, I am bearish stocks. I think the high may be put in after the impending rate cut. Buy the rumor sell the fact. The...

For the past 3 years the bonds have been a flight to quality trade. I do not feel that will change anytime soon. Something is overpriced. I will bet it is stocks, but they do not sit down. Maybe they will sit down after this impending rate cut. Buy the rumor, sell the fact?

And will the white collar hero find a job that pays the same as the job he just lost? Salaries are in a deflationary spiral lower. Import prices fell 2.7%, their biggest drop in 14 years. Stocks continue to defy gravity. The laws of nature will prevail. I am sticking to my long-term...

ONLY IN MULTIPLICATION

You can gauge the state of the economy on the price of Wal Mart's stock. Wal Mart is the working class hero's favorite store. I have numerous friends that are electricians, plumbers, carpenters and the like. Last year they were working 6 days a week. My friends are now working 3-4 days a...

Crude closed at $29.17 today, up $1.82 in the past two trading sessions. This will be reflected at the pump soon. Fuel is a fixed expense. This will reduce the consumer's disposable income. Consumer Spending and Retail Sales will take more hits. This is not a good sign for stocks.

I have been in the futures industry 25 years and have traded my own money for 18 of those years. I enjoy writing and have started quite a few threads. I have been attacked numerous times. You have to roll with the punches old boy. This is a classy site with some very experienced traders...

The Answer, My friend and colleague did a case study of the 1984 Bond trade that I speak of here. The formation that we have right now, is the same chart formation we had 19 years ago in the Bond Market. In 1984, we first had a false breakout to the upside followed by a 6 point dump. In...

I have not traded my own money in over a year. 18 years of speculating with my own funds was more than enough. Now I write daily about the marketplace and I sleep well at night. I want to be short equities and long securities. My long-term objectives are a 400 handle in the ES and a 135-136...

The ES have rallied 20% (945.00) from their March lows (787.50). Is this the top, or has the true squeeze just begun? The data of the next 30-60 days is critical for this bull. If the likes of Enron and Worldcom can fiddle with the figures, what is to keep Bush's administration from...

I have travelled to every continent with the exception of Antartica. I consider myself very fortunate to have had that opportunity while I was in my 20's-30's. With the exception of the Louvre, I have never visited another museum. There is so much too learn and experience from those that are...

if you have 4 kids 13-8 like myself you need 10 mil as my italiam grand-mother would say savva da money god rest her soul

The first hour and the last hour of trade in the S&P's are the best trade of the day. Lately the first hour has been better than the last. WHY YOU ASK? The shorts have been squeezed all day. The early morning buyers take profits instead of adding on, which tells me the long-term direction is...

Gold has a H&S Bottom with two left and two right shoulders. The 2nd neckline was broken on Friday at the $345.00 level. The objective is $370.00. The last time Gold started a big up move was December 2, 2002. The S&P's topped out that day above 950. This gold move started a month ago at...

You have been all over this move. I tip my hat to you. The players cannot ignore the data anymore. The next 30-60 days data are critical for this bull to continue. What I have noticed the past couple of months is that the monthly revisions of data are consistently worse. Are they...

The website is free and easy to visit. My commentaries and levels are also free for one month. Go to www.powerpoints.net and have a look. I provide points for 12 different financial and index futures markets.

To me volume equals validation. No volume, no validation. I am still waiting for a key reversal day. When and if it comes it will definitely be on good volume.

FOOD FOR THOUGHT The last time a gelding won the Kentucky Derby was in 1929. Will history repeat itself.

I think I hit a nerve with this writing. The baby boomer had Viet Nam which was his only slapping. By the time this stock market sticks it up the Boomers arse, there will be more educated drunken drug addicted degenerates than this country has ever known. FOOD FOR THOUGHT A gelding won the...

The Baby Boomer like myself, has been considered the largest age group worldwide. We have been marketed to and sold to since the day we were born. We have ruled the world. The Baby Boomers have had many more opportunities than our parents have not. Many Baby Boomers have a college education...