Starting it off.
I hope to be more active this week.
JI
jimkane
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Posts: 33,089
The really insane part is that probably when this thing implodes it won't bring down the entire system, as I and many others hope, it will lead to an even bigger bubble than this one, since this one was to 'cure' the housing bubble, which was to 'cure' the DotBomb bubble, and wait, where does that 2008 oil bubble fit in...
http://davidstockmanscontracorner.com/the-implosion-is-near-signs-of-the-bubbles-last-days/
http://davidstockmanscontracorner.com/the-implosion-is-near-signs-of-the-bubbles-last-days/
JI
jimkane
Rep: 3,058
Posts: 33,089
'It's different this time. Really, it is...'
http://www.theburningplatform.com/2014/07/15/buy-high-sell-low/
http://www.theburningplatform.com/2014/07/15/buy-high-sell-low/
JI
jimkane
Rep: 3,058
Posts: 33,089
This is that 3D and SL I mentioned previously. Look at that black line!
JI
jimkane
Rep: 3,058
Posts: 33,089
Scroll down in the comments section and read the article by Brett Arends.
JI
jimkane
Rep: 3,058
Posts: 33,089
Can someone with Firefox latest version (30.0) do me a favor. On the above page highlight some text in the comments section and tell me if an ad magically appears shortly after, right next to it? WTF? How is that possible?
JI
jimkane
Rep: 3,058
Posts: 33,089
Yawn. Got up to check the long setup from earlier, looking good. Should be no issue setting the new all-time highs. The only question, again, is with or without a 'get better prices in the AM' move. The approach is pretty much always the same. If the play includes an overnight hold, a trailing stop is set, and it either keeps rising or it takes the play off, and then the better prices scenario is in play, and when it hits the area and triggers, that's the play. Lather, rinse, repeat is the game. Okay, back to bed. Just trying to explain this so my overseas readers can follow the logic as it unfolds.
JI
jimkane
Rep: 3,058
Posts: 33,089
Another day where I rate the trading potential off the scale. Right off the area yesterday and basically straight up 31.75 points. Who could ask for more than that... Some day we'll look back and remember how wonderful the trading action was. For now, I just want to appreciate how incredible all this manipulation is, from a trading perspective. Again, all just my viewpoint.
