Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Equities in for a big fall? They took metals down with them the last time.
Steve Baur - "How deleraging looks:"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
6 month, 1 year and 3 year EMA's Five waves down, hitting the 3 year ema, and now ascending price. closing above the 1 year and 6 month ema's first time in 6 months. MACD oscillator looking good as far as wide divergence that generaly swings back to the mean and overshoots. williams seems bottomed and now ascending. It looks pretty good to me, but would value others opinions regarding this. Text
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
RoadRunner and all others, please check out the monthly Silver chart in my post above (click on "Text") and advise of your opinions, analysis's, estimates, refutes, additions, hoots, etc..
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
The chart referenced by NumbersUSA is a 10 year of silver futures with MACD and William %R. I tend to keep my charts simple, though recently have been watching some of the old archived ThinkorSwim webinars from the past two years, on some different technical indicators. I don't look at ten year charts very much. Five years is about as far out as I like to look at.
The silver chart leans bullish, but it isn't a table pounding buy by any stretch. I looked at some equity charts this weekend, and silver would be way down my list in terms of bullish looking charts. I recently took bullish positions in two beautiful looking (to me) charts, APC Anadarko Petroleum and XRT Retail ETF, and have a list of more if the stock market correction continues down for another day or two. I am going on the premise of no stock market crash in 2012. Could happen, but I'd put the odds of a U. S. stock market crash before November at 500 to 1 or so. Again, my thinking is that this is an election year and the sitting president will do everything in his power to stem or stop a full crash because of the damage it would do to his reelection chances, and cut the donations from his mega money backers on Wall Street.
I dont find monthly charts to be particularly useful. The time frame is much too long. Surely the chart shows a nice uptrend, but so does this one. And quite frankly I dont see much difference in the two.
<< <i>Yes this is an election year and the fed are doing their best to keep the stock market up, thats been the presidential cycle norm for decades.
The announcement of basically free money by the fed till 2014 seems to cinched it for now. >>
Retirees that see the free money policy erode their savings won't be part of the "clinch." It is no secret that the FED is doing everything it can to insure re-election.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Normally the election year means the fed will be more apt to ease. Well, I think it's a moot point to describe this years market as trading on an election year Fed. It's been an election year Fed ever since 2008, no different this year, imo.
<< <i>I dont find monthly charts to be particularly useful. The time frame is much too long. >>
If your a day trader or a very short term swing trader (2-3 days) there is not much use for a monthly. However, if your a stacker or a trader who plans on being in the market for 3 weeks or more then a monthly chart is very good and almost essential to determine the major trend and the current status of that trend. Trading against the major trend is ok for very short periods but is a good way to lose a bundle otherwise.
I always consult the monthly, weekly, daily and hourly charts to give a true and whole picture, and to pin point timing before entering a trade, but then again I'm not a day trader. Silver Monthly Chart
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots.
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit. I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again.
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit. I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again. >>
It is interesting that you used to focused on daily, and also hourly charts, and then post a link to a monthly ten-year chart. A ten year monthly chart tends to be appropriate for a person with a 3+ year time horizon. I am all for different strokes for different traders, and whatever works for each individual is the ultimate bottom line. I still find it curious.
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit. I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again. >>
It is interesting that you used to focused on daily, and also hourly charts, {That was approximately fifteen years ago and I still use them every day, but since then i consult the weekly and monthly 2-3 times a week, and prior to placing any trade}
and then post a link to a monthly ten-year chart. A ten year monthly chart tends to be appropriate for a person with a 3+ year time horizon. I am all for different strokes for different traders, and whatever works for each individual is the ultimate bottom line. I still find it curious. >>
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice.
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice. >>
Hey, easy, no need to get snippy. Like I said, if it works for you, more power to you. I confess to have a poor history trading paper silver, so I am not the best person to ask. I took a good look at the monthly chart and it leans bullish, but that's about all. Yes, the major uptrend is intact, but the 40%+ crash from the highs is not to be ignored. Another factor is that if a person isn't used to looking at a certain kind of chart, their interpretation is probably not all that valuable. The exception might be chart reading savants, but that ain't me. If you regularly look at them, you might well be the top forum expert on the subject of the ten year chart.
It might also be interesting to get your read of the shorter term charts, because that used to be your entire focus. On the 2-year, 1-year charts, I see mixed signals, and no reason to be aggressive on either side for silver or gold. Like I said in my other posts, I am finding more compelling charts to trade than silver or gold.
Always listen to the chart that tells you what you want to hear.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice. >>
Hey, easy, no need to get snippy. Like I said, if it works for you, more power to you. I confess to have a poor history trading paper silver, so I am not the best person to ask. I took a good look at the monthly chart and it leans bullish, but that's about all. Yes, the major uptrend is intact, but the 40%+ crash from the highs is not to be ignored. Another factor is that if a person isn't used to looking at a certain kind of chart, their interpretation is probably not all that valuable. The exception might be chart reading savants, but that ain't me. If you regularly look at them, you might well be the top forum expert on the subject of the ten year chart.
It might also be interesting to get your read of the shorter term charts, because that used to be your entire focus. On the 2-year, 1-year charts, I see mixed signals, and no reason to be aggressive on either side for silver or gold. Like I said in my other posts, I am finding more compelling charts to trade than silver or gold. >>
If I came accross snippy, I sure didn't mean to. I enjoy learning and reading others insights and I also know that the written word sometimes don't come accross the same as you are speaking and meaning it.you get none of the verbal cues, sound, inflection, smiles, frowns etc. I speak of the silver and gold charts because of the forum topic. I trade also in stock and bonds etc. both foreign and domestic, but usually don't discuss it much hear. The daily as you said looks like it could go either way, but I lean toward a bullish read, of course there will be corrections and therefor. The weekly still looks good but again not as solid as the monthly. The monthly read helps in either establishing the signals in the weekly and the daily or discounting their false signals. That 40% hair cut surely surpasses what is generally accepted as bear market territory which is 20%. Then again we took a worse haircut in 2008 and recoverd nicely.
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
Where's the picture of the long, flat road that just goes sideways, never changing elevation by more than a mean a hundred feet or turning more than a few degrees...
trading range... trading range... on and on. when does it bore out the money with the intermediate level of patience waiting for the black swan?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
LOL! Maxwell!!!!
I knew it would happen.
Four aces!
<< <i>Why is the dollar splunging? >>
It seems that the Bernanke (aka CTRL+P
Steve Baur - "How deleraging looks:"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Of course it could change, time will tell.
Five waves down, hitting the 3 year ema, and now ascending price.
closing above the 1 year and 6 month ema's first time in 6 months.
MACD oscillator looking good as far as wide divergence that generaly swings back to the mean and overshoots.
williams seems bottomed and now ascending.
It looks pretty good to me, but would value others opinions regarding this.
Text
opinions, analysis's, estimates, refutes, additions, hoots, etc..
The silver chart leans bullish, but it isn't a table pounding buy by any stretch. I looked at some equity charts this weekend, and silver would be way down my list in terms of bullish looking charts. I recently took bullish positions in two beautiful looking (to me) charts, APC Anadarko Petroleum and XRT Retail ETF, and have a list of more if the stock market correction continues down for another day or two. I am going on the premise of no stock market crash in 2012. Could happen, but I'd put the odds of a U. S. stock market crash before November at 500 to 1 or so. Again, my thinking is that this is an election year and the sitting president will do everything in his power to stem or stop a full crash because of the damage it would do to his reelection chances, and cut the donations from his mega money backers on Wall Street.
I dont find monthly charts to be particularly useful. The time frame is much too long. Surely the chart shows a nice uptrend, but so does this one. And quite frankly I dont see much difference in the two.
Knowledge is the enemy of fear
The announcement of basically free money by the fed till 2014 seems to cinched it for now.
<< <i>Yes this is an election year and the fed are doing their best to keep the stock market up, thats been the presidential cycle norm for decades.
The announcement of basically free money by the fed till 2014 seems to cinched it for now. >>
Retirees that see the free money policy erode their savings won't be part of the "clinch." It is no secret that the FED is doing everything it can to insure re-election.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It's been an election year Fed ever since 2008, no different this year, imo.
<< <i>I dont find monthly charts to be particularly useful. The time frame is much too long. >>
If your a day trader or a very short term swing trader (2-3 days) there is not much use for a monthly.
However, if your a stacker or a trader who plans on being in the market for 3 weeks or more then a monthly
chart is very good and almost essential to determine the major trend and the current status of that trend.
Trading against the major trend is ok for very short periods but is a good way to lose a bundle otherwise.
I always consult the monthly, weekly, daily and hourly charts to give a true and whole picture, and to pin point timing before entering a trade, but then again
I'm not a day trader. Silver Monthly Chart
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots.
Knowledge is the enemy of fear
<< <i>Numbers,
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit.
I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again.
<< <i>
<< <i>Numbers,
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit.
I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again. >>
It is interesting that you used to focused on daily, and also hourly charts, and then post a link to a monthly ten-year chart. A ten year monthly chart tends to be appropriate for a person with a 3+ year time horizon. I am all for different strokes for different traders, and whatever works for each individual is the ultimate bottom line. I still find it curious.
<< <i>
<< <i>
<< <i>Numbers,
My point that monthly charts are too long is depicted in the chart I posted of the nasdaq. If you followed this based on monthly charts you would have stayed in the martket until at least a close beneath the 50 month average (2400). At this point you have lost more than 50% from the peak. I dont see anything useful about losing 50% of my money. Look at every chart objectively, whether it is gold, stocks, cow manure or sun spots. >>
I agree, using any one single time frame is just asking for it. I learned the hard way years ago; I focused on the daily, but did use an hourly to assist with entry and exit.
I did not consult the weekly and enterd into a trade that quickly turned bad. If I had viewed the weekly I would not have placed the trade.
They still go bad at times and thats what trade management is for, but at least I consult the big four time frames first, so as not to make that costly mistake again. >>
It is interesting that you used to focused on daily, and also hourly charts, {That was approximately fifteen years ago and I still use them every day, but since then i consult the weekly and monthly 2-3 times a week, and prior to placing any trade}
and then post a link to a monthly ten-year chart. A ten year monthly chart tends to be appropriate for a person with a 3+ year time horizon. I am all for different strokes for different traders, and whatever works for each individual is the ultimate bottom line. I still find it curious. >>
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys
only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't
for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice.
<< <i>
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys
only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't
for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice. >>
Hey, easy, no need to get snippy. Like I said, if it works for you, more power to you. I confess to have a poor history trading paper silver, so I am not the best person to ask. I took a good look at the monthly chart and it leans bullish, but that's about all. Yes, the major uptrend is intact, but the 40%+ crash from the highs is not to be ignored. Another factor is that if a person isn't used to looking at a certain kind of chart, their interpretation is probably not all that valuable. The exception might be chart reading savants, but that ain't me. If you regularly look at them, you might well be the top forum expert on the subject of the ten year chart.
It might also be interesting to get your read of the shorter term charts, because that used to be your entire focus. On the 2-year, 1-year charts, I see mixed signals, and no reason to be aggressive on either side for silver or gold. Like I said in my other posts, I am finding more compelling charts to trade than silver or gold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Always listen to the chart that tells you what you want to hear.
I've tried that too-it don't work
<< <i>
<< <i>
I think you may be missing my point. I don't think anyone places a trade based solely on a monthly but if you do not consider the major long term trend and focus on dailys
only, then you are very apt to get burned or at the least not do as well as you could in your trades. Refering to the the Monthly and weekly is a requirement for me. If it isn't
for you then thats fine, but you might consider it before you place a trade that you plan to be in for 3+ weeks. Again I'm not talking day trading or those who try and catch a 3 day move (but I would still at the least consult a weekly). If you have never read Tading for a Living by Dr. Alexander Elder, give it a shot, great book and he covers this aspect of trading principles in some detail. My purpose for putting up the monthly though, was to get input on the premis that it looks like the major up trend is still intact and that a longer term low may be in, and that we can now narrow it down to the weekly and daily and hourly to pinpoint a number of trades, or if your a stacker (long termer) then knowing we have potentialy reached a longer term bottom would be good in order to buy the dips. Thats if the reading of the chart and technicals is correct. Please add to the discussion of it being a bottom or not, or just a short term bounce, etc. or any other helpful advice. >>
Hey, easy, no need to get snippy. Like I said, if it works for you, more power to you. I confess to have a poor history trading paper silver, so I am not the best person to ask. I took a good look at the monthly chart and it leans bullish, but that's about all. Yes, the major uptrend is intact, but the 40%+ crash from the highs is not to be ignored. Another factor is that if a person isn't used to looking at a certain kind of chart, their interpretation is probably not all that valuable. The exception might be chart reading savants, but that ain't me. If you regularly look at them, you might well be the top forum expert on the subject of the ten year chart.
It might also be interesting to get your read of the shorter term charts, because that used to be your entire focus. On the 2-year, 1-year charts, I see mixed signals, and no reason to be aggressive on either side for silver or gold. Like I said in my other posts, I am finding more compelling charts to trade than silver or gold. >>
If I came accross snippy, I sure didn't mean to. I enjoy learning and reading others insights and I also know that the written word sometimes don't come accross the same as you are speaking and meaning it.you get none of the verbal cues, sound, inflection, smiles, frowns etc. I speak of the silver and gold charts because of the forum topic. I trade also in stock and bonds etc. both foreign and domestic, but usually don't discuss it much hear. The daily as you said looks like it could go either way, but I lean toward a bullish read, of course there will be corrections and therefor. The weekly still looks good but again not as solid as the monthly. The monthly read helps in either establishing the signals in the weekly and the daily or discounting their false signals. That 40% hair cut surely surpasses what is generally accepted as bear market territory which is 20%. Then again we took a worse haircut in 2008 and recoverd nicely.
trading range... trading range... on and on. when does it bore out the money with the intermediate level of patience waiting for the black swan?
Liberty: Parent of Science & Industry
Gas @ the pump on way up up up