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    The China Bubble

    it's not different. china will roll the bad debt into inflation. and we've simply rolled our bailouts into our national debt. same thing. are you assuming governments can roll that debt forever? re: Japan. the only reason for no inflation is the yen is tied up in us bonds. money not...
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    100% Consumption....Zero Savings....

    for housing? yes. (who says they're going to hold on? their credit rating? you're joking) fed enacted in 1913? or was it 1916? since then (over 90 years) we've had 1 year of deflation (even with the contortions CPI goes through). that's ONE YEAR at 0.1% deflation. and now...
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    100% Consumption....Zero Savings....

    I'm salaried at 115-120k, no kids, no wife, and no car payment, but there is no rational way I would ever buy a house over 350k even in my situation. Add in some kids and a wife and I'd be looking at a 200k home. These people are idiots. I grow more and more scared with every passing day...
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    Toyota chief fears GM, Ford demise

    liberals suck the money into govt control through all the ways mentioned. buying votes, emotional arguments, fear, etc. republicans distribute the take. two sides of the same coin
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    Get rid of Alan Greenspace and the Fed?

    Yes. The Fed is a fraud. Theft by inflation. It's all by design. It allows gov't to spend more than their tax revenue by stealing from its citizens. A hidden tax. Monkeying around with stimulating the economy in the short term (for some short-sighted goal like getting someone elected)...
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    housing crash

    I agree to a point and it certainly provides a solid floor, but I think you might be underestimating the number of newbie investors in the marketplace. I know quite a few people speculating in homes who have no business "investing" in real estate. In Scottsdale, the house across the street has...
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    Price and Volume: Strategy

    Still don't understand what db is going for, but it sounds like tactics so for his last chart: The break of the up trend line says the trend has changed. No signs of reversal yet and it might be basing in a longer term up trend. If you're long, stop should be the recent swing low. If...
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    Price and Volume: Strategy

    Db, I would like to understand how you're perceiving the chart and question you posed so here's my attempt: "A" is a retracement that tested Resistance. "B" shows Supply remains at that Resistance area (and/or Demand is weak at that level) so "B" is a continuation of a down trend. Volume...
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    Exiting trades on the ES/NQ/YM

    Ok. What I see right now on the ES daily: Looking for a potential short setup soon. The smart move would be to cover at the recent lows and look for another setup, but I'd have strong desire to hold for what I consider to be a long term downtrend on the weekly. You'd say that's a scalper...
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    Exiting trades on the ES/NQ/YM

    So what are you if: - When flat, you're impulsive and like the action of scalping - When in a trade, you're patient and like to hold - You know how to make money scalping but it's difficult to force the exits - You prefer a fair # of trades to even out the drawdowns (5-6/day min) - Haven't...
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    Exiting trades on the ES/NQ/YM

    I trade 1 contract and use pivot points, previous HLC, daily swing points, etc. as potential S/R. Entry is divergence OR a reversal candlestick formation near one of these #'s on the 70 tick chart. It doesn't have to be perfect, just the gist of a reversal in the direction of a longer term...
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    Exiting trades on the ES/NQ/YM

    Yes, but which trend? Frequently you're entering on a small time frame (in the direction of the larger timeframe), but when do you change the trade to follow the larger timeframe? The indexes are very good at taking out trailing stops so the conflict is deciding when to grab the extensions...
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    Exiting trades on the ES/NQ/YM

    For the index intraday traders out there: How would you categorize someone who trades from pivot to pivot? Using divergence or candles at pivot points or S/R for entry and then exiting at the next pivot? Is that considered scalping? Under what conditions do you hold through a pivot point...
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    Poker and the Beginning Trader

    Yep. Trading and blackjack are battles against yourself. Poker is a battle against yourself + a battle against moving targets that shoot back.
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    Trading Intuition

    I use intuition extensively in other areas of expertise and am very comfortable with using it. I think about the problem at hand, let my mind go blank and the answer bubbles up. Sometimes this takes time and the right "blank" state of mind, but eventually the answer just pops up. The...
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    Trading Intuition

    The danger for the newer trader is all this talk of "intuition" leads them to believe in some sort of innate gift or magic. A connection with some spiritual realm that suddenly tells them when to buy or sell. I just wanted to repeat what others have said: intuition is simply a build up of...
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    The Big Move

    The cash SPX shows large volume down days with declining volume this week. (a messy bear flag?) And the action on the 19th is a good short signal in my book. My take is we are working off support and have a 50/50 shot at popping up for more fuel before pushing through this support area...
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    EBAY finally topped?

    Where else can small-time sellers go for a pool of consumers like Ebay's? It sucks, but Ebay's profits should only increase and the sellers can't even pass off the increased costs to consumers.
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    Is the US government perpetrating criminal fraud with the CPI?

    Did you ever notice that SS is the only tax that has a max cutoff at 78K/year or so? The designers of SS weren't stupid enough to leave themselves open to that huge 12.4% drain on their own wealth. If we really ran into a social security liquidity problem, we could just raise the 78K limit...
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    Is the US government perpetrating criminal fraud with the CPI?

    I agree there is huge incentive to reduce their expenses and manipulating the CPI is one way to do that. You can call it fraud (and it essentially is), but they are simply working within the confines of the existing system and maximizing for their own gain. You can't prosecute the people who...
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