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I'd always suspected that but was never able to confirm it.

Fuck that. I've talked to people who grew up in the old Soviet Union and didn't leave until they were in their 30's and older and those people have told me some horror stories.

Are you talking about public or private debt? If you're referring to public debt, MMT doesn't consider government "debt" to be a debt.

The bitcoin crowd is desperate :D

Or....the Fed deciding to leave interest rates unchanged combined with today's jobs report missing the target.

I shorted the fuck out of /ES today from 2623 using TA as my deciding factor and closed out somewhere around 2600. I guess I should give my profits back to my broker. :(

Correct. It's a very expensive way to lose money, too.

I remember asking you about a similar thing a while ago. lol Fortunately, our conversation combined with further personal experience showed that horizontal S&R areas are the best way to do it. I used to wait for confirmation bars and whatnot until I found that I was missing the move in many...

Anyone with half a brain has known this for centuries. Why do you think the church engaged in the most cruel forms of torture? To frighten people into believing that their fear-mongering, fairy tale bullshit was true.

Since I'm not trying to get baited into a senseless argument, I'd rather not. :D

Two things. #1. Stop being a pussy and actually trust my system. It was demoralizing to be continuously right about my market calls all the way down to the point of calling damn near top or bottom tick, only to talk myself into passing up the trade. #2. Let my profits run. After I stopped...

This is all hindsight by now, but any chartist would have saw that the markets were about to decline around that time in 1987. I've posted a chart explaining why. The mood had turned bearish way before Black Monday. The market double topped in August, broke down in early September and came...

I've done technical analysis on charts going back hundreds of years...drawn trend lines and channels, etc. and prices behaved the same back then as it does now. Truth be told, I don't know why trend line and channels work but I just know that it does. That's all I need to know. I will add this...

Fuck a call. Is he making money off of his calls is the question?

That's been my experience.

Let me word it differently. I rarely play trend reversals.

To tell you the truth, I've never considered any of those factors. I like to go back and view old charts (going back 100 years in some cases) and I don't see how price action has changed despite the changes that have occurred in the markets. All in all, my decisions are based 99.9% on basic...

They waited 400 years to correct us?

I've noticed that most people who use volume always do so in hindsight. In my own case, however, I find wave volume to be pretty useful in spotting turning points. Individual bar volume? I can't do anything with it unless it's to identify a potential buying or selling climax.

Well, I've made consistent money in commodities based solely off of reading charts. Then again, I'm not a long-term trend trader...I'll hold for a few days at the most.