Friday, December 18, 2009

LET'S BID THIS BIATCH TO IMMORTALITY

Or in the bull's case that stay too long for the party to HELL. My next inspiration will be when the 61.8 fib is achieved (or nearly achieved). Obviously I am not a clairvoyant so believing me that we will hit the 1240 SnP means that you are a sucker. But keeping it as a possibility and the reasons I have been throwing this number out to you is that I believe it is the maximum they can achieve. It still does not really matter in terms of my overall philosophy in trying to trade the BEAR of all bear markets.

Many of you that read this blog remember my posts on yahoo last year when we discussed how treacherous this market would be for bears and bulls alike. The bulls are enjoying the last buy and hold period that this secular bear market will see until 2012. Pay very close attention to my explanation here. Then the next two years will be a traders market only. That means long or short ....you must be nimble. If you hold physical gold you may hold. But as some very experienced gold traders say....take half off the table at 2000 for a trade. We will revisit this advice later. As far as shorting goes nimble will remain the key.

Back to the task at hand. Next week I will venture a guess they paint it monday and tuesday for Xmas. Other than that my crystal ball is worthless. Wait...its worthless anyway that is why I am playing the miners and speaking of.....OMFKNG.......WTF....did you see that EGO....I am really waiting for GS to kick the chit out of it but they won't. BASTARDS. Happy holidays gang

http://jessescrossroadscafe.blogspot.com/

good advice from Analyze's comment below:

One thing for sure is true, the market this year was a cake-walk compared to what trading it in 2010 will be. Only those willing to admit if their premise is wrong and adjust accordingly on the fly will survive it. It will not be an environment to make predictions and stick doggedly to them while your account evaporates before your eyes. It will not be a utopian time for amateur prognosticators posting their best guess in hopes of 5 stars on a message board - run from those kind of people. Trade to a premise to have enough conviction to be successful in the trade, but sidestep when unsure and adjust at the first sign your premise is invalidated. Conviction comes from YOUR premise, not someone else's, that is the only way to have enough confidence to handle dicey trades. The way to lose in trading is to not follow strict rules despite your emotions, or to stick with a loser when anyone else would have bailed to save their account instead of holding on in hope of saving face. - Analyze.

12 comments:

  1. One thing for sure is true, the market this year was a cake-walk compared to what trading it in 2010 will be. Only those willing to admit if their premise is wrong and adjust accordingly on the fly will survive it. It will not be an environment to make predictions and stick doggedly to them while your account evaporates before your eyes. It will not be a utopian time for amateur prognosticators posting their best guess in hopes of 5 stars on a message board - run from those kind of people. Trade to a premise to have enough conviction to be successful in the trade, but sidestep when unsure and adjust at the first sign your premise is invalidated. Conviction comes from YOUR premise, not someone else's, that is the only way to have enough confidence to handle dicey trades. The way to lose in trading is to not follow strict rules despite your emotions, or to stick with a loser when anyone else would have bailed to save their account instead of holding on in hope of saving face. - Analyze.

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  2. Analyze,

    Bravo!

    palmer

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  3. This is where this economy is headed:
    http://www.youtube.com/watch?v=1EBw_da7BZk

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  4. I love Jesse's Cafe! Found it through here (and no I don't remember how I found here) and still check it out every day.

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  5. That sounds like a diner Morla. Are you sure you're on the right site:)? - Analyze

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  6. Just yanking your chain, it's a link on the blog list. - Analyze.

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  7. BTW when I said the last buy and hold...I am referring to this rally......after this is over...its PURELY a traders market until 2012...then its short only

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  8. I have a decent acoustic solo for you Kli, Faded love by Pasty Cline but on the acoustic. This is not me in the video, but I have a similar version I play to this. - Analyze.

    http://www.youtube.com/watch?v=JFiMSQpcAHI

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  9. Here is another from the top acoustic guitar player of our times, the great Tony Rice with Church Street Blues.

    http://www.youtube.com/watch?v=9JFgC3Ub10E

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  10. I gotta wurk all night and appreciate the contributions.......

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  11. I have one other for you, as you know I worked in Kansas for several years, so this one is closer to home for you and me. Steve Kaufman with a version of Danny Boy. - Analyze.

    I have always believed that music is just another language, where people play instruments to vet their emotions, so it is only when you play an instrument that you actually are honest in how you feel. But that could be just crapola, at least whenever I have played, it is how I have always felt.

    http://www.youtube.com/watch?v=YKfadHdK03c

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  12. The power of the internet, 50 years ago there is no way we could communicate. Now anyone worldwide is as close as the keyboard. As accessibility to people spreads, the need for direct interaction is replaced by the illusion of closeness through what you see on your screen. Why this works is that people feel cut off by the people around them, because we are in a society where love has grown cold, so they retract from people nearby, and read the emotions they are looking for into strangers under userids that could be from anywhere. It brings imagination closer than reality, so it is easier to embrace false hope than what is on the doorstep. Why risk emotion exposure when you can enter a world of pretend where acceptance is whatever you present, and if it is rejected, just create another userid with a new profile, until acceptance is found. It is also why you see posters seek validation on message boards, everyone is looking for something, so their imagination takes over to replace reality. This will continue and grow in power as part of the overall great delusion gripping the world. Watch. GL Trader. - Analyze.

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