Happy Holidays!

Hi RK, and RR, and anyone else that is out there.  I hope that both of you have enjoyed your holiday time so far.  Sorry that I have not been updating the site, but so far we had just reached the predicted area that I had mentioned way back in Oct., and RK, I hope that you capitalized well on that turn date, it was right on the $$$$...  Nice call.  I am honestly still looking for a double top at the 1300 area on S&P, even though we are down nicely today.. 90 days is approaching around the 4th of Jan. so that could end this move... but it could also bounce till the 180 ends in march... just the opposite bounce from the "09" scenerio,  so, just buckle up, and keep looking at safe stocks like DUK, wow what a move it has made. Deregulation has done the electric co.'s well. 
Happy New Year to all, and a prosperous 2012 to everyone!  Especially you two!  later L

$VIX and futures

At the end of the day Futures ended down with a mighty splash!, and since 7p.m eastern time they have remained flat.  This move in what seems to be wave 1 of wave 5 down has just started... we should bounce in the morning since we made a new low in the $SPX and that bounce should be the 2nd wave up in wave 5.. and sometime tomorrow around early afternoon from what I can tell we should start the 3 of 3 of 5 down...  Looking at the dow I see 10,500 as a possible low, but others are calling 10,300 , In the $SPX I am looking for 1070-1050... others are looking from 1048-1065.... from the selling pressure at the end of the day... its possible that we fall even further...and I would not be surprised if we do not fall further... Rr, I have changed my turn date back to the 11-14th and I even have possibity of going into NOV..TZA took off like a rocket too... up over $8 so look at the Russel next stop that I have for tza is $80 .. let me know what you think... gotta run... have a good night guys and gals..>L

IMF may need billions in extra funding...

http://www.telegraph.co.uk/finance/financialcrisis/8788223/Christine-Lagarde-IMF-may-need-billions-in-extra-funding.html

I luv the british tabloids, if you need the real news go there... here's http://www.telegraph.co.uk/finance/financevideo/8785741/George-Osborne-weve-got-weeks-not-months-for-the-Eurozone-to-take-action.html       and I think that Maria had this guy on not too long ago.. http://www.telegraph.co.uk/finance/financialcrisis/8782351/World-Banks-Robert-Zoellick-the-world-is-in-a-danger-zone.html     Geee whizzzzzzzz is that enough... Protesters in NYPD land ....spraying pepper sray and arresting those sacrificial lambs off of the Wall street!!!!!!! what  all of that in just a few days... hummm wonder what is next?????   the old wall of worry is getting thick and people all over the world are about to panick... civil unrest could occur at anytime...

Upside potential is whaning a good fight from what I see tonight... it is getting closer and we should turn  down from what I see either tomorrow or Wed.  but Clorox could be the buy of the yr in just a few days...
so keep your eyes on that ... but still looking for the 1070 ish area... same turning area that you have RR...oct 4th give or take a few days... the top should be in tomorrow and bottom by the 4th..... goodnight>L

Futures up....but Greece is still the best Movie....

Ok, Asia is lower,  Michael Vicks breaks his arm, Obama is campaigning already,  and Merkell is trying to save a dying Greece.  If Greece goes who is next?   Foreclosures in the U.S. where up again in the mo. of August. http://www.worldpropertychannel.com/us-markets/residential-real-estate-1/realtytrac-us-foreclosure-market-report-home-foreclosure-report-default-notices-nod-lis-foreclosure-filings-distressed-home-sales-bank-reo-sales-4774.php                                                                                              

OK, we have alot to cover tonight...http://www.livecharts.co.uk/Members/display_stock_pivots.php  this gives all the Pivots for almost anything covered or smotherd on wall street.  

So, now you know fib pivots, and cam levels... it makes it easier to set yourself up for the next few days...

From what I see at the moment we are at a very close bottom of this wave... but we could have a very quick A/B/C move that could last just a few days... so Tues is very important in my opinion and the 1150ish area is very important... we could go up (futures are indicating that already) but I am looking for this to just be a quick move, and down we go again.... EW is calling for further downside movement too... broad range targets between 1050-1070.  Well, we have to look at the possibility that we are very oversold too... so Upside potential from what I see... is 1170... and if we go higher than 1180, well, the bulls are back in town.

I am watching the Colts vs. Pitts game... Rothisberger has gotten slower....and is getting sacked alot tonight.... Colts look good... but never drive in Indy after a game is let out... they are all drunk behind the wheel ... bad really bad there..... and can anyone tell me whats UP with the Long Hair in FOOTBALL.... its awonder their brains have not been pulled out from under those Helments...LOL!  ....... Have a good day trading tomorrow... Later.L

Krugman

http://www.nytimes.com/2011/09/12/opinion/an-impeccable-disaster.html?src=me&ref=general

China CPI Very important for tomorrow's trading.... and then their is OBAMA...

You need to Pass this right away..... pass what... tax cuts... the American Jobs Act... You need to pass this right away... thats about all I hear at this moment.... they could have just given all of us a million dollars each and this would all go away... instead they just keep spending Trillions... I think this President stands Neutral with me... he reminds me of Ronald Reagan... great speaker...good actor... good man inside... but his Congress and Senate are not even clapping... Oh.... the times are a changing..... OK  enough of the Obama plan...

China CPI..... this # tomorrow will be important....  very.... important... http://www.businessinsider.com/china-august-inflation-2011-09        

The weather is a changing too.... http://www.noaanews.noaa.gov/stories2011/20110908_lanina.html       OK, I gotta run... but his speech is nothing new....boring... later>L

LABOR DAY!!!!!!!!!!!!!!!!!!!!

The jobs report was just perfect for the start of a possible wave 3 down.... Bernanke will be coming to the rescue soon, but he will be forced to do it...He does not want to do anymore stimulus;  he knows what it will do to the people and to the debt of the U.S..  The goverment, if you can call it that, is finally beginning to wake up a bit... huuuummm.... and they are realizing that the Big Corporate Paychecks that they have recieved from the lobbyist's have been a bribe for yrs, as they now realize that they(the Corporations) have taken over the Country and pretty much control it.  Goverment  and Wall STreet are controlled by big business, the BIG Corporate buy backs on stock, has only giiven a few CEO's HUGE  PAYCHECKS!, and left the stock holders with nothing. Even my Co's CEO Scott Davis got a wopper of a raise!!!!!  while most of the new hire's(those unfortunate few) got screwed by having to work their A's off  for pennies on the dollar!  

If most of you have not figured it out by now Slavery has never ended!!!!     We the People, have been, and will continue to be at the mercy of Corporations and Goverment  for our lives before this is over with.  I know some of you think I am welll........ Nuts at times..... but you have got to wake up... this is not a bad dream People!!!!!!  Reality is you have NO $$$$$ to pay for Gas.... $3.48 yesterday morning, by 5oclock pm  it had jumped to $3.75.....  How can the poor get to work and feed their children on $8.00 an hour? and still have $$ to put a roof over their heads, get the car fixed ????   They walk, ride a bike, they go to second hand stores for almost everything, and they climb into dumpsters for food.

We snarl in digust when we see this... we feel sorry for them... but now even the what we called rich, wealthy and upper lower middle class are on the streets just trying to live...survive.  They have sold everything for pennies on the dollar... last wkend I saw a guy pull up with a very very expensive SUV, at the flea mkt get out and put all his high dollar toys on a table... stereo's, shoes, shirts, jewlery... now had he lost his  job, or was he addicted to coke... who knows... all I can tell you he looked lost, desperate, and had no idea what he had got himself into... You could tell, that the flea's where going to eat him up... thats a flea mkt for you... he needed cash now...sad.....

This could be you next.... prepare..   THE PROTEST IS ON>>>  Its Labor Day wkend... we all need to PROTEST in the streets   OUR JOBS are in Tokyo, and Bejing, Bangladesh and Thailand... we need them back... they belong here where they once where.

Have a great Labor DAY wkend.... jobs are what its all about....

Interesting Read...Financial Advice Gleaned from a Day in the Hot Seat.....

http://finance.yahoo.com/banking-budgeting/article/112974/financial-advice-gleaned-day-hot-seat-nytimes

listen to David Rosenberg economist.... and Marc faber is in the lineup

http://video.cnbc.com/gallery/?video=3000040242#eyJ2aWQiOiIzMDAwMDQwMjQyIiwiZW5jVmlkIjoiOU1CWFVvWCs2dUtFYXFCNW0xQ2dMUT09IiwidlRhYiI6InRyYW5zY3JpcHQiLCJ2UGFnZSI6IiIsImdOYXYiOlsiwqBMYXRlc3QgVmlkZW8iXSwiZ1NlY3QiOiJBTEwiLCJnUGFnZSI6IjEiLCJzeW0iOiIiLCJzZWFyY2giOiIifQ==

GGGOLLLLLDD FEVER!!!!!!! getting overbought bad........

Ok, gold is peaking.... oh what a ride it has been... it broke out of my channel on Fri. So it is time to start picking up some short's on Gold .  I would see what happens Mon. morning.. but Its momentum is heavy... and it could reach $2000. I will try to run some Fib retracements and post a chart... if I have time.. but ... when it turns it should fall hard fast .... and for at least 2-300 dollars ...we should be able to make some good cash to the bear side...silver 2X inverse silver index is ZSL  gold 2X inverse is DZZ or 1X inverse is DGZ ... have a good wkend ...L   OK, UPdate already went to visit over at Channels and Patterns... Springhill Jack has the gold charts and are they swwwweeeeeeeeeeeeeeeeetttt.... along with his awsome S&P charts.. so go over and check it out... http://channelsandpatterns.blogspot.com/

COMPOUND INTEREST 1+1=2+1=3 Etc.

For you RK.........

If you where to put $2000 thousand dollars a yr. in a good mutual dividend paying fund starting at the age of 19 and stopped putting it in at the age of 26 or so.. you would be worth up to 2 million dollars by the time you retired...????????? AMAZING!  all by simple compound interest... 

Most of us do not get out of college until we are already in our mid twenties today.  The 4yr college degree has now stretched to 6 yrs.  Colleges have found ways to keep people in school longer, so they can make more money and keep people out of the job market that we all know already that unemplyment is really sitting between 15-20%...  many have just given up hope of ever working again and most of those have lost everything they had worked their entire life for.

So, how do you as an investor beat this lovely system, you start young or you try to catch up like alot of folks... so the more help you have the better....

MONTHLY Dividend stocks or funds... most are trusts,    SJT, MTR, PGH... http://www.italkcash.com/forum/equities/11884-monthly-dividend-stocks.html             here are just a few... I like the U.S. trusts better... why, you have to pay Canadian tax so it cuts your dividend, but some are cheap and you can own more for a little. 

'My" favorites are PGH, SJT, MTR... MTR is probably my favorite of the 3... pays a very nice dividend usually 10 out of 12 months... that compounds fast...  so sit down and figure it out.. if you re-invest the dividend and just let it keep compounding... wa- La!  it begins to add up and over a 20-30 yr period it is worth alot more than sitting around trying to figure out when to buy and sell while your trying to do your job.  How do you think the rich keep getting richer..?????  they set up funds for their newborns and those kids are millionaires by the time they are 40 yrs old... time is on a babies side.... take care RK, and thanks for the comments...L.

HI HO SILVER! NO Really I mean GOLD!!!!

Did any of you out there miss me? Yes, I have been on vacation for awhile, a trip of a life time, I will share it with you later... I needed it really... while I was gone, well, my portfolio stayed even, I had purchased a few stocks to counter my downside stocks .... so honestly I really was not ready for this great bear move..... sad to say... but .. I do believe that we could have a chance to get out of those upside stocks in this bullish move that has bounced off an old support line that I had going back several yrs ago at around  S&P 1105... I realize it broke below that, but that support/resistance held alot of history so.. that will be the first retest area... when it turns again... I have 1200 and 1224 ish as  upside tagets right now... 1250 again would be my top... to be bullish again we would have to pop over 1325 from what I see... some would go higher.. Do not get depressed over this move..Bernanke is not out of bullets yet he will waste more $$ before this is over but you need to choose your exits wisely,  most of you have made good gains over the yrs...go to cash as soon as possible.  I have stressed sometimes, well, more than once that cash is king, gold and silver will become very important over the next few yrs,  but Prechter says that even it will take a dive too. From what I see on the charts it is due for a correction, but that it could jump as high as $5000 a troy ounce, or higher... panic situations tend to make things go crazy... as a matter of fact this morning on CNBC's site they have an article  about the GOLD FEVER On EBAY!   maybe its time I sold some of mine...LOL!  Europe will be the death of all markets.... Germany will try to take over again.... funny  maybe Hitler is still alive??? I am just kidding....  but the Germans control most of the policies at the moment... along with the British.... so, how  can we trade it.... I need to do some homework...   but you might need to buy a gun to add to your survival gear... remember, at least 3-6mo's worth of food and water to be rotated at all times...that includes ammo. I am not kidding on this. Search Survival gear on google and you will hit some great info.  OK... thanks for the comment RR, sorry I missed ya... hope all is well....later L

OOOOOoooo llaaaaa laaa EU Bailout for Greece NOT SO GOOD????

http://www.cnbc.com/id/43449610

Inflation? Cashin is usually right....

http://www.cnbc.com/id/43343135

According to headlines on CNBC this evening... fed's about to spend the last billions on treasury probably the 10 yr liken cashin says.... so it could be interesting.  This week could get very well weird.... its the only way I can describe it.  We gapped down on Friday, so that was a 3rd wave of what could have been either the beginning of 3 of 3 or its a  5th wave and 1257 is my target  either way... for the end of 1 of 3 or 5 of 1 of a minor degree wave  of wave C down.... so the bounce is near... have a good wk I am on vacation so I will be off and on the site.... L.

How about that QE3!!!!!

Damn, I hate to be BLOWN UP!!!  Started as a gap day, the BS about Greece, the  dismall reports on about everything, including housing... flooding, tornadoes,    Is the world Ending?????  (I think the billboards where just adorable)  Is it even debateable anymore about the mixed messages that are surrounding us.  Margin requirements have been raised on Physical delivery goods(oil, gas, gold, silver, corn, beans, pigs, cows...LOL!) but they have Lowerd requirements on futures for the S&P, Dow, Naz. now is that weird or what?   

SPARKS are flying!  what are we supposed to do next!  where is the money going....??????  The House of Reps are right now at this moment voting on Debt  Ceiling, should they raise it or Not?   Hmmmmmmmm  HELP!!!!!!!!!!    LOL!   does anyone have anything that is not a bit INSANE at this pt and time. 

OK,   Lets just boil it down to this ....... What is the Left hand doing, and then lets look at the Right Hand.....       Just look at your own... seems like they are empty huhhhh       They are covering up everything.. they want to take your focus away from what you thought was happening in the left hand and bring in some new news so that you begin to look at into your right hand.... funny how we thing the media is not being manipulated.. but it is... have you looked at how many new banks forclosed last month?  You go look... You will be amazed!@!  Ha Ha...but the volume was super low last wk, and it seems that we tend to go crazy up during these light moments,, and today was another Spark... but volume was not light... so where did this supersized volume come from... most everyone I know is on Vacation this wk.. Myrtle, or florida bound from all the rain and flooding... we all need a little sunshine here in the mid-west.. so that leads me to conclude it has to be coming from Bernanke... and that is fine... has has billions left to spend of QE2, and he will have billions more from my research from interest and dividends that he is taking in... so be ready... we could trade in a range for awhile... 1300-1350... on s/p or if we break the 1350  we go as high if not higher than 07 in my opinion.. but it will all be on false data, and worthless $$$$   inflation and 5$ gas is not far away for the Mid-west... I hate to know what it costs already on the west coast?  so, whatch your backs this wk... the Sparks could be very interesting...L

Greece getting the Hammer!

Morning all, and Hi to you RR, thanks for the comment, was not sure if you where still around, great to hear from you.  

The Water isn't just rising in the South it seems flash flooding is occuring over-Seas too... check this out..http://www.businessinsider.com/   

My channel lines have barely been broken, but with Asia performing down and europe looking blaugh, who knows how Washington will step up to bring more cash to operate and to buy more stocks to keep the market going higher.... but have you looked at Goldie locks lately... (GS)  down pretty good.  Financials will have to pick up the pace to keep the market floating, and for now they do not look good.  High oil will soon catch the transports even they  can't keep running on $4 diesel fuel. 1300  on S&P will be an important break is it happens... have a good wk. L

McLaren is back!

Its been a few months since I posted anything, and I apologize to any of you who still come by checking for anything.  Personal problems have kept me  away, but I hope to try to post updates at least once a week right now, to get back in the swing of things. So enough said check out Mclarens report. very interesting.
'Thanks.. L .http://www.safehaven.com/article/20913/mclaren-report

Futures Rolling Over to June!

Well, its been a while since I updated.. and I really can't apologize since I had nothing to say till this Market decided to go one way or the other.. which it has by the way.. up, then down, and thats a great Mkt for the future trader and option traders.. spring break is coming up.. and alot of these guys are worn out... Many are celebrating all the BONUS's and great returns that they have made from the Past two Yrs!....... WOW! How time flys!   So lets recap for a moment... two yrs ago we had a country in Crisis mode.. banks where folding like cards on a Poker table, and Now we are hearing of Crisis in those same places again, Europe, now China and there Jobs problem(remember I wrote about that not too long ago)  Did you know that they have to have almost 274million... yes million jobs to sustain there economy!  Thats just absolutely amazing!  to have to feed that Population let alone create that many Jobs... I think the U.S. Population is only around 410 million.. and we have something like 25-30 million with-out jobs... that includes people who have just given up hope, and went back home to live with their parents ... or they just found a box out of the trash to live in...

Our country amazes me right now... it really is pathetic what is happening to My own state let alone Wisconsin.  These so called elected officials blaming the common working person for all of the states problems...let alone the countries.. I don't know if any of your caught the Sam Zell show on CNBC a wk or so ago... all of these crisis problems are the fault of Unions and Collective bargaining... what Hog Wash!!!  to go around blaming Unions when they had the right to go back to the table Just like GM, FORD, and Chrysler did and they where able to work out the deals of a life time to save there companies, and a few good jobs before they lost the whole boat to the Tsunami!!!!!!!!!!    This country was slave labor when it started and it still is!   The goverments both state and federal have slowly over the yr's taken our civil rights (what little we had) away from us again.... all over corporate greed  and Wall streets stupidity... the slaves will have to bail them out again and again... but this time its really different than the past... there is NO MONEY!  the WELL has gone dry!  They have no choice but to tap onto all the major resources they have to collect tax money and that is gasoline... the fuel that drives america... the higher the gas the more tax dollars for the states and fed gov'mts..  Our country at the moment is in termoil.. and what I mean by that is for every worker there seems to be an unemployed person or a person who has had to settle for a job that they are making half what they where making before.  So, these people are not traveling like they where.. they go to work, grocery shop and then home.. there is no extra driving for this or that... they do not have the extra $$  so the state and fed gov't is not pulling in their usual revenue from gasoline so they raised the price so they get their tax dollars from those few and all of those who are working.. they are not missing out on a dime of revenue.. as a matter of fact every penny is worth a billion dollars did you know that?

New Page-  March 15th, 2011. 
when I wrote the above paragraph Japan was still hustling and busling like NYC.  Today it is a disaster, and another Nuclear reactor has gone off simulating the Atom bomb of WWII.  People are resilient, and the Japanese culture has already proved that once.  The amazing thing about this disaster and that of Haiti, is how fast the U.S. reacted to helping them yet left our own Katrina victims thirsty and hungry for days on end, acting as if nothing had happened. New Orleans looked like Japan, and most of it still does.  On top of that they get a huge puddle of Oil to top it all off to destroy fisheries and kill off many family run business's that where already on the edge of the cliff due to Katrina, well, they fell off the cliff and no one  is their to help them.   America is always first to help the other countries, but where is America to help their Own!  I have no problem helping Japan, or Haiti, believe me, the last thing I as a Human want is for another human to die over stupidity. That is what hurts me when I see what is happening  in our Own Country right now.  A sign went up at a local church the other day just down the street from me... "FREE meal Tues. Night starting at 6p.m.",  Humm I said, so I had to get up a bit early but I went over tonight to see how many people where there... it was packed, not a single place to park. I was amazed, stunned, this could not be all perishiners I said.  My neighbor was parking in the grass with grocery sacks in her hands, I got out to help her, she was a bit stunned when I got out, and asked what I was doing here?  Free meal sounds good to me and I chuckled, again she asked, and I told her I just had to see how many people where here, and its good to know someone who goes to this church. She called me just a min. ago to tell me she had to go back to the grocery another time, just to make peanut butter sand. for kids. They where overwelmed. They had not expected so many people the first night. Can you imagine what the people of Japan are going thru as you are reading this... I know at times I preach in my writings to have food, water, and emergency kits ready but tonight was just a small example of what it must have been like for millions in New Orleans, Japan, Haiti, and Indonisia.  How scary!  We are a spoiled society, we take everything for granted, and we whine like children if we do not get what we want even as a society. But, our gov'ts have created this mess, they have commercialized farming, they have commercialized almost our daily lives. We rely on the local grocery store to feed millions of us, kids do not know that their food comes from a farm, they think the food is made right their at the store... how cute is that?????? REALLY!                                                                                                                                              This Earthquake and tsunami is just an example of what is to come, all the cycles are coming together March 19th is a full Moon and What is SOOOOOOOOO Special about this Full MOON is its orbit to the earth is the closest it has been to Earth in many many yrs.(I do not know the exact thousands of yrs or so)  so the earths gravitational pull is going to be tested and is as I type... Magnetism is important on all of us, we are made up of Positive and Negative ions, in our blood and cells, and this pull from the moon does funny things to people. Mother Earth is made the same way, if you cut her down the middle she looks like an atom and thats we are made of tiny atoms... all with as much capability of exploding as the Nuclear reactors in Japan   Pos, and Neg ions all play a major role in our lives... now think of this On Dec 21st 2012... the Myan calendar ends right?  guess what else happens that night....???/   All of the PLANETS line up together... it is the most amazing of all Planetary alignments to take place in millions or billions of yrs... Could it be the end? Who knows, I nor anyone else could never tell you what could happen.. since no one has ever experienced this incredible event before, but can you just imagine what kind of forces will be pulling on the Earth that day and at the precise time of total alignment????

I have to run, but these are just a few of the things that I have been working on.. I have alot more, but I am not sure who really wants to chat about this kind of stuff... March 18-21st is a major turning date.. I will update what the others have to say in the morning.. havea good night L.

Prophets of Doom

I got home a bit early this morning to view a show on the History channel called the Prophets of Doom.  All I can say is you should really take the time to watch this show... its beyond interesting, and the facts that are stated by this group is amazing.. each man has a unique dedication to his thoughts since they look at the past and the present. Try really even though we have a very Bearish day due to tradgedy, or is it?  Did you all know that our goverment does not have the $$$ to keep going or stay open is the best way to put it..... Japan is sad, and a million times worse than expected ...    S&P could fall to the 1227 area... if that breaks, I am looking at 1173, to the 1160ish area..  that should end wave 1 of wave 3  IMO.  there are severalother counts but I will stick to this one..  I have another update that I have been working on over the past wk or so... it will be long but a good read I hope for the few of you who pop in time to time..  Have a great Bear Day!!  thanks L.

Grid Iron

This current mkt condition to me is at a serious point.  Both sides are fighting hard if you ask me, the bulls are still in control but the real data is starting to surface... but Uncle Ben and China are the controllers of it all if you ask me. The questions that are stirring in my mind is how bad is the Job situation in China? Is there a Bubble in their own Housing mkt. ?  China is low on food, water, and commodities in general... or are they?  could this be another run  that they are creating these false bubbles on purpose to make trillions of dollars back that the U.S. gov owes them, but can not pay? China is buying gold as I have stated before.. outbuying India.. and recently the British gov't in now considering the same flight... to gold... whats up with the precious metals??? flight from their own dollars???  I stated many yrs ago to buy as much silver as possible.. and if you did it is paying off... buttttttt  silver and gold could take a major drop in price again  and if it does... I really feel that it is another buying opportunity if you have the extra $$$  because I am looking at $100 on silver on the next round... inflation or deflationary situations this time... I feel that the precious metals will go up higher and higher.....  
Back to the Market..... again we need a nice correction and our friends at CNBC has been having alot of their buddies on saying a correction is wayyyyyyyyy over due.. well, yes but the 2yr time window is coming in March... and Uncle Mchugh has a bradley turn date on the 17th,, buttt his Phi mate turn date in TODAY.... we are overbought and have overextended this rally and it has been to wipe out all the bears and to get all their money... while getting others to overextend themselves to the long side and get more out of their pockets(yours and mine)...bens magic and 600 billion are still at work... pooffffffffff!!!!!!  Have a Nice Valentines day!   

Near and Far

Ahhhh, now some of you are extremely lucky. Living in what I would consider Paradise at the moment, sunshine, maybe a bit of rain, but at least the temperatures are warm, not Icy like the mid-west is at the moment.
Now I am lucky that tonight, because of Mother Nature, I get to do an update that I should have already done over the wkend.  Sorry, again. We have just been cloobered by Old man winter this yr. It feels like winter is never going to end. So to some of you out there, just thank your lucky stars you do not have 3 inches of ice hanging on your roof, to others who might frequent this site and you live in Snow,ice and Fear, well sorry your feeling the winter blues too!!

To my update:  Momentum and Near Term lines in my opinion are BULLISH.. Overbought conditions do persist though long term... some may not agree, that is fine I do understand your stance on that... but for you we still have room to the upside...  I am looking now at the 1310-17 area in the $SPX.  There is of course the possibility of it going higher but lets go for that for now... 1350 is not out of the ?   I got caught on this one to the downside.. so I am a little pissed to say the least.. Mon. was not a good day for the Flipper... oh well we live and learn... have a good day..>L

Sell Signals

Mc, is calling a sell on NDX, and Transportation sector... Dow has not confirmed yet.. but $RUT has confirmed sell... callling a rising bearish wedge on this wave C of (B)... so short at your own risk.. we could be topping.. and if that is the case.. its been happening over the past month IMO.  and if we are topping, then we could bounce up and down for sev mo's like I had mentioned before.. It could get interesting.. but, its all about the stimulus if you ask me.. and unemployment when it runs out.. will they extend it again???? most of those people who have been on Unemployment for this long will never get a job again... because they have not worked for so long.... OK have a great wk.. will update in the comments hopefully there will not be any major snow storms this wk.. really sorry..have not updated in sev wks.. >L

Holding on~~~~

Ok, I said I would have an update tonight...LOL!  All I can think about is the snow storm that I will be entering this morning.  The U.S. is currently 70% covered in snow... how do you like that.  So, the cycle of the weather is spot on..but the cycle for this move is going to bounce for several more months to come.  I was reading an old traders site this morning and he seems to believe it is not a bad idea to take any profits and just go on vacation for awhile....... I say he might be right, and I figure his analysis is 75% right in the past yr.  I already took any profits that I had.. and that is not alot. I am stills sitting in Nat.Gas , I still feel that in time it too will begin a rally to its already huge correction, but again it could still fall further after that is done, so the summer mo's do not look good for Nat.Gas..  Coal on the other hand well, it could just go higher from here... it is the other side of Electricity and with the storms that we have had lately the south is turning up the heat, I have gotten in and out of JRCC several times, but as with the S&P it still could go higher.. but I will not be in it ... we could be topping... but did we just finish a Minor wave B up is the question.. if so, then we will only fall for several weeks off and on.. so this is just a corre cti ve wave 4 at best... but if we are topping this could go on for several months... or my calcul.. till March-april... then we could have a nice serious correction... for the start of one of those scenerios that I sent to both of you.  OK, I know that was really vague... sorry..   I do like NFLX though.. earnings are comeing up soon...later>L

OH What an interesting Morning already!

http://www.bloomberg.com/news/2011-01-01/goldman-sachs-says-fed-to-end-qe2-u-s-yields-to-rise-in-2011.html                                                                                                                 

Ok... we have to go higher.. and according to that GS report.. we go alot higher.. so does my Expanding triangle theory stand a chance.. Oh yes it does... but   check this out ... it was posted over at Hot option Babes site...  http://www.youtube.com/watch?v=5eMx1eharis                  Charles Biderman just tells it like it really is... so is the market rigged... if it is then oil  is going 10X higher... could it go past the previous high... wow... I have alot of homework.. this could get interesting... gotta run.. have a good day.>L