Back to www.cobrasmarketview.com |
GOOD POINTxfradnex wrote:.......... I think that Credit balances in margins accounts first would have to be higher for the crash and burn senario.Al_Dente wrote:PAGING
Dear Al,Al_Dente wrote:PAGING HARAPA
Awesome
It will take me a long while to digest all of that
Just saying: if u get only little response from boardies, DON’T THINK that folks don’t care…. because we do…
I’m devouring jeff miller overview right now [edit: possibly one of the best links of the year??]
Thank you very much
Yes, If we go back to Cobra’s newcomer material, focused on price action, it was time to go long Thursday. Must be open to market changes instantly and price action has anything we can speculate or discuss here.xfradnex wrote:I want to point out the unnatural curve that occured on Thursday. After the breakdown occured on chart, there should have good movement to the second lower horizontal line. That did not happen. We (I) should have known something was wrong at that point. I felt I really did not known something was wrong until the end of day when the rebound was stronger than expected. The point I was trying to make, was that a change in the state of my mind was not made because it was focused on Health Care news. Lesson learned. Must be open to market changes instantly.
Al at this point, although Margin debt has not peaked, this hill is much shorter than the previous peak, so I believe the high on the S&P was in. I just want to make that point clear and see my disclaimer (just in case).Al_Dente wrote:GOOD POINTxfradnex wrote:.......... I think that Credit balances in margins accounts first would have to be higher for the crash and burn senario.Al_Dente wrote:PAGING
If by "solution" you mean it is temporarily preventing the inevitable, then I agree it has worked, so far.Cobra wrote:KENA wrote: In the end, printing money is the only solution. All those countries simply keep borrowing and borrowing and borrowing as the best solution is to make the problem worse and worse and eventually, impossible to return the money, then the problem is solved automatically.
so teach us how you trade today. I swing trade over scalp... fwiwSWalsh wrote:If by "solution" you mean it is temporarily preventing the inevitable, then I agree it has worked, so far.Cobra wrote:KENA wrote: In the end, printing money is the only solution. All those countries simply keep borrowing and borrowing and borrowing as the best solution is to make the problem worse and worse and eventually, impossible to return the money, then the problem is solved automatically.
But it will not work. I have posted the link to Hussman's Oct 2010 article (a number of times) about Bernanke entering the Liquidity Trap, which is one of the most sound theories in economics. Quantatative Easing didn't work for Japan and it will not work in the US or Europe. No growth in GDP, which is what is need to raise the tax base and create jobs, occurs by adding money. An MIT professor, and Hussman, show that the velocity of money is essentially a perfect correlation in slowing for every dollar added. We have 30 years of Japan to see that. There is no solution.
Another great read is "Endgame: The End of The Debt Supercycle And How It Changes Everything". We have a great chance of deflation, for which there is no solution.
I can't "teach" anyone to trade without knowing just about the middle name of their first born. I can tell you to look at the DayTraders Lounge and the post about scary markets, and read Mark Douglas' "The Disciplined Trader". Because what I use might not suit your trading personality at all. It might be great, it might be awful. I use EW with some oscillators I like and I prefer to be short because what I see is that EW often breaks down and is not clear on forced rallies by HFT machines, but tracks truer on drops. There's much more to trading than charts. Wall Street is loaded with analysts that wish they could trade.jdow wrote:so teach us how you trade today. I swing trade over scalp... fwiwSWalsh wrote:If by "solution" you mean it is temporarily preventing the inevitable, then I agree it has worked, so far.Cobra wrote:KENA wrote: In the end, printing money is the only solution. All those countries simply keep borrowing and borrowing and borrowing as the best solution is to make the problem worse and worse and eventually, impossible to return the money, then the problem is solved automatically.
But it will not work. I have posted the link to Hussman's Oct 2010 article (a number of times) about Bernanke entering the Liquidity Trap, which is one of the most sound theories in economics. Quantatative Easing didn't work for Japan and it will not work in the US or Europe. No growth in GDP, which is what is need to raise the tax base and create jobs, occurs by adding money. An MIT professor, and Hussman, show that the velocity of money is essentially a perfect correlation in slowing for every dollar added. We have 30 years of Japan to see that. There is no solution.
Another great read is "Endgame: The End of The Debt Supercycle And How It Changes Everything". We have a great chance of deflation, for which there is no solution.