35 replies to this topic

[fib_1618]

except as germ-encrusted band aids for the real problem of a lot of idiotic fiscal policies, among other things

Ah Hum...that IS Keynesian Economics...it advocates that the government corrects all the ills of the private sector. It is the backbone of social engineering.

The economy today is like a drug addict...it requires a fix from time to time just so it can appear to be in "good shape"...when it isn't.

For a market technician, though, sometimes the "rush" of the initial injection can show the market's prowess, but once the "rush" subsides, you're still left with the same problems that existed before the injection.

Like IYB likes to say, it's all in the "context".

Fib

[DrSP]

I am sorry, guys. But, why fight the trend? Forget the Fed. What happened to the rules of not fighting the trend? I am talking about VST. I was cash into the weekend, went long on Monday and I got a lift. May be that doesn't happen everytime, but mostly does. ST shorts should still be fine. ST shorts can bear a 6% swing against them, that is if they went short at 1160 SPX. Not too bad for them till now. My ST system is in cash now. No buy yet.

[fib_1618]

What happened to the rules of not fighting the trend?

Who's fighting the trend? Certainly not myself, and I do say, based on the posts provided on the board, no one else has either.

The "trend" by the way, has been sideways since November 17th...with a bearish bias. Prior to that it was up.

Fib

[salsabob]

except as germ-encrusted band aids for the real problem of a lot of idiotic fiscal policies, among other things

Ah Hum...that IS Keynesian Economics...it advocates that the government corrects all the ills of the private sector. It is the backbone of social engineering.

The economy today is like a drug addict...it requires a fix from time to time just so it can appear to be in "good shape"...when it isn't.

No, that's megaphone talk one gets off the Internet and CNBC rants. I know, I had to teach the stuff for a few years.

Yes, the economy needs the federal govt to inject dollars into it. When instead, the federal govt, on net, sucks the money out and destroys it (i.e. more taxation than spending) very bad things happen. Every economic depression was proceeded by just a few years by such stupidity.

On proportional basis, worst Depression, by far was not in the 1930s, it was during Andrew Jackson's time - started just a little over a year after he held the big party in the WH for eliminating the entire federal debt - never happened before, hasn't happened since and pray it never does again.

Remember those Clinton surpluses? Do you think that might have led to a little bit too much borrowing in the private sector to stay afloat? Now the a-holes ( - Left/Right, Liberal/Conservative/Libertarian/Socialist, doesn't matter) are setting us up for more stupidity - 1/1/2013, both the failed Super Committee automatic spending cuts and expiration of the Bush Tax Cuts kick-in taking $5 trillion out of the economy ($6 trillion counting lost interest payments). We can all applaud the deficit/debt reduciton... from the soup lines. Morons.

For a market technician, though, sometimes the "rush" of the initial injection can show the market's prowess, but once the "rush" subsides, you're still left with the same problems that existed before the injection.

Like IYB likes to say, it's all in the "context".

Fib

Now that is true.
By the way, just incredibly good TA from you. Thanks so much for sharing; it is particulary appreciated in times like these.

[zoropb]

What happened to the rules of not fighting the trend?

Who's fighting the trend? Certainly not myself, and I do say, based on the posts provided on the board, no one else has either.

The "trend" by the way, has been sideways since November 17th...with a bearish bias. Prior to that it was up.

Fib

I agree with you fib that is exactly what is going on.

I mentioned here back in January this was going to be an oscillator type year not a trend kind and it sure has been.

btw SP500's 3-day move (Monday-Wendesday) = 88 pts so far; SP500's 2-day move in SEP 2008 = 98 pts

[fib_1618]

We can all applaud the deficit/debt reduction... from the soup lines. Morons.

I am constantly apologizing to people about today's group of legislatures...evidently they took too many drugs during the 1960's and 1970's to where they have no use of their brain power.

In fact, for many of them, they still don't know that time in our history happened 40 years ago...Vietnam included.

One wonders what we would find if every member of Congress was tested for drug use!

But take heart! Evidently some of them believe they have done enough damage now that they are retiring from office.

Let's all hope that the proverbial door does hit them on the way out...good riddance.

I mentioned here back in January this was going to be an oscillator type year not a trend kind and it sure has been.

I remember that Z...and that's been right on target from a bird's eye view...nicely done!

Now, what have you done for me lately?

Later

Fib