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Thx Oso. I think I was remembering 3rd Q numbers.

circuit breakers gotta kick in soon huh? 130 points on NQ? We're at 111.00

Trudat.

Do you think those that make 9 figures are a slave to money? It seems like people who do that well are in highly stressful positions and essentially slaves to their job, image, career, or whatever the case may be. Notable exceptions might be Buffet and Gates, but they are rare specimens in the...

The first breakout was the technology hysteria that led to new efficiencies in productivity and which became the dot com bubble. The second bubble is artificially low interest rates set by Greenspan and the economy growing through people borrowing against their homes; the housing bubble...

The bailout bill is not good news...no matter what anyone says. It spells long term financial doldrums if the history of Japan is any guide.

The ole buy the rumor, sell the news trick.

I assume it's a general term for the big boys. When he gets a chance, he names them. Is that right?

Looks like Hank's buying and punishing the shorts.

I've noticed it too. There's a saying that goes "The second mouse gets the cheese". Anytime I see a place where there's a little bit of consolidation near a previous S/R, I wait. Why, because I see people getting short / long and then figure the MM's are going to tap the opposite side to...

It makes sense that gold was going to slip on a bailout announcement. Typical knee-jerk reaction. Let time pass to see if this is just the beginning of a snowball rolling down the hill. What happens when the next request comes in for another $700 billion. If the 62 trillion in credit-default...

Surf, that is an excellent dissertation on gold. I think it accurately reflects current reality. Let be bring some ideas to think about though. Like gold, there is no intrinsic value in a federal reserve note. It's just a piece of paper printed by some bank that is deemed legal tender...

Hate to see ya go Anek, but I understand and support your decision. Thanks for all the words of wisdom. Best of luck R

Probably a Williams %R indicator.

I'm toying with a different approach to OR. Instead of an arbitrary time, what if we let the market define it? Wait for a high and a low to be made whether it takes 10 minutes or 45 minutes. Then plan a strategy around the day's first areas of S & R. Seems like a logical approach, but I...

Thanks for the post Anek. I find your chart posts / comments to be excellent mind food.

I think gold and silver have been used as a measure of wealth since historical times because it represents work done and is easily transferred between people. This is not currency, it represents and is used as actual money for this reason. Fundamental economics dictates that growth results...

What's it say about our system when the American citizen is on the hook whether they like it or not? I'll tell you what it says...that citizens are merely bait fish placed on the hook by these crooked, ultra greedy pricks. No moral compass whatsoever. Some heads should definitely roll here.

I wasn't set up for the volatility on some of those moves. I'd take an ultimately correct entry and the MM's seemed to like to give it two shakes today, the second being heaviest. They got me a couple of times, even after expanding the stop. The rest of the day was digging myself out of the...

I've got to ask. The COT report indicates that there are a few commercial traders (i.e. probably banks), that are responsible for the heavy shorting of gold. Do you think they actually have the gold on hand should someone call for delivery? Or are these naked shorts?