Sunday, November 28, 2010

Vacations Over...

Hey all, hope everyone got some much needed rest.  The mkts just seem to be all over the place and right-fully so with all the news, good and bad. 

Are we topping or are we in a lesser degree wave 4???  I have pounded my brain out the past few days trying to get to the bottom of where we are.... its a coin toss.. we really could be topping, but we are still in a trading range and until we break to the upside(1184) or downside (1174-3) then we are probably in either or.  If we are in a 4th wave, we could only be in wave A of 4 and in A we are in C or E of a triangle... now the pros all say two diff  things.. and I can count it both ways myself.. so.. just as I also count it as a possible topping pattern... and we could really just fall to at least 1150, and that could also complete wave A of 4.. then we go up into a larger degree B of 4... and that could take another 60dys.. then fall into C, then D, then E... if each take 60dys.. total 280dys to 300.. from the start.. from april... so daytraders dream if we are in a 4th wave.  will try to get some drawings up later today... >L

Thursday, November 11, 2010

Coal

Now a few weeks ago I think I posted that I was buying JRCC... James river coal co.  and I did and it has been a very nice profit so far.. as of today Coal in general seems to be breaking to the upside.. so as Cramer says... ALL IN.... I am still in Nat. Gas. and I am going to stick it out... UNG still looks good to me.. as far as the overall mkt goes.. I now think we go further down.. as coal rises.. so at the present moment this is beginning to look like a B wave of B... Now PUG has some good analysis tonight on where we are.. and there is just no sense in me conveying what has already been charted and said so http://pugsma.wordpress.com/2010/11/11/nov-11th-2010-update-4-eod/     but please look into some of the coal stocks like JRCC and BTU   they look really good right now.. later>L

Tuesday, November 9, 2010

1349

1349 seems to be the next destination of this move up... it could still end before that but at this present moment we seem to be in a 3rd wave... and started a 4th wave of this 3rd wave as of yesterday.. that should continue till at least Thurs. then I see 5 of 3 occuring. then larger 4 correction and then final 5th up to the 1349 area.. have a good day..>L

Thursday, November 4, 2010

Woooooooooooooooe PONY!!!!!!!!!!!!!

I am sitting here laughing my butt off!  CNBC is argueing amongst themselves and the Mkt is climbing over poorer jobs report.. (whats new), and  my small prediction that if the Republicans stampeded we are going to climb.  The Fed Reserve is out of control and our economy is just moving at  a snails pace. 

Humm.. The only economy that I see moving along is a shit load of $$ floating down the Niagra River and getting ready to go over-board... falling with the  Falls......  this is great!    So, are you all ready to make some serious $$$$... its time to get out of Equities.. I think Friday is that day.  I think that the shit hits the fan next week... I have a turn coming somewhere in the Nov. 8-11th area... Now the question is how large a correction we have... since we where supposed to already have this correction and it has not really hit>>>?????  So where is Waldo right?  He is coming with us... this could be the big one..but Ben is involved so that is not the answer yet... let Ben spend his Billions... so that means we are just going to correct to the 1150 area.. or a little higher... then up we go to all new highs on this move... 1250  could be it or higher... lets not worry about that right now.. we need to focus our energy on setting our outs on any equites that you might have...looks like this could extend out to 2011... I was hoping for the big one.. but when that happens you all better be debt free.. back up food, water, and be ready with alternative energy ways.... sounds silly doesn't it?  will update this wkend... everyone.. have a good day>L

Monday, November 1, 2010

A Political Point of View

Republicans, Democrats, Dr. Bernanke, Inflation, Deflation, China = $USD, Treasuries, Bonds, Equity Mkts, Gold, Silver, geeeeeeeeeezzzzzzz... did I miss anything... ohhh ya  POLITICS...   So, to tonights update:

Republicans gain control...... Mkt  goes up another 500-1000 points(dow)
Democrats  remain in control.... Mkt falls, and then corrects, and then falls again...  I have not figured out the bottom yet...
Tea Party and Libratarians well, that is a good one... they could wipe the Rep & Dems off the map... they could change the worlds economy over-night... from what I have read this wkend... Many Senate, House, and Congressional jobs will be lost... the mkt falls... but I am not sure if it ever comes back.... so Cheers to your votes!  I could care less if your a Dem, or Rep or Tea or Lib...   JUST Please  VOTE!   my point of view is just a theory..... do not trade on what my thoughts are... so what are yours?>L