10/09/2012 Live Update

[daytradingES]

Looking for UP day tomorrow.
Reasons:
1. astro
2. crooks ran low stop level 1
3. p-bar

[daytradingES]

Trader Girl: What are your thoughts on GDX? I'll buy you a shiny rock

Short term...gap down tomorrow?? This kind of price action gapped down on the last low...on 9/26

I have a big turn coming on the 12th, usually happens within 2 days on either side of day...thought it might be a down day, but if it finds support could be a bounce...but if it should get down to support around $51, then looks like a descending triangle...

If that doesn't hold, I always thought $48 would be a good place to buy.....maybe I have my bear goggles on...

Thanks TG! I'm short so have my bear goggles on as well. It's hard for me not to be biased when I look at charts so I really appreciate your comments.

is GDXgold? I am wating for a buy entry on gold

Gold miners group - potentially looking to breakdown NTA

[Petsamo]

I'm a college grad who took a truck driving job to earn decent money. You don't need a degree to drive a truck.

LOL and 20% of the crap you are taught will be outdated by the time you graduate and another 50% you will never use so in my books 20% of schooling is efficient for the average man. ie not scientists and professors etc

It's the big fat lie to persuade kids into going to college. It's pitiful that college grads themselves believe the lie.

It's really a shame.
In 1990 USA exported all the jobs and the planets health with preferred nation status to China.
At my local bank a teller has his degree in health sciences and a job as a teller for $15/hr - which you can't live on in Vancouver let alone service a $40,000- $60,000 university loan.

My local Starbucks has baristas working for minimum wage wtih college/university degrees.

A plumber dropped by to fix the heating in my unit. Not only does he earn $60 /per hour he is an expert poker player and becoming an expert trader in stocks, in his free time.

---
now China is facing the same prb.
The owner of my local dollar store, recently moved here from China, was telling me they have 7 million college grad a month! and no jobs for them.

There was a guy I knew who just got his MBA. He voted for Obama. Last I heard, he took a job in a factory part-time for half of what his wife is making in the same factory. If there's a guy who deserves to be in the predicament he's in, it's that guy.

[TraderJoe]

Petsamo,
You ask about dividend etf's, here are a few;
MLPI
ETRACS Alerian MLP Infrastructure ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.4279 Quarterly 4.98%

MLPL
ETRACS 2x
Monthly Leveraged
Long Alerian MLP
Infrastructure ETN
10/1/12 10/10/12 10/12/12 10/22/12 $1.0822 Quarterly 10.04%

MLPG
ETRACS Alerian
Natural Gas MLP Index ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.4287 Quarterly 5.56%

MLPW
ETRACS Wells
Fargo MLP ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.3635 Quarterly 4.96%

BDCS
ETRACS Wells Fargo Business Development Company ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.4429 Quarterly 7.08%

BDCL
ETRACS 2x Leveraged Long Wells Fargo Business Development Company ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.9169 Quarterly 14.13%

RWXL
ETRACS Monthly Pay 2xLeveraged Dow Jones International Real Estate ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.1000 Monthly 4.29%

DVYL
ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.1900 Monthly 8.13%

SDYL
Monthly Pay 2xLeveraged S&P Dividend ETN
10/1/12 10/10/12 10/12/12 10/22/12 $0.1381 Monthly 5.76%

[Jack12]