RE:Dubya Budget: onward christian soldiers? Flat tire philosophy....
I've gotta take issue with you this time MG! Pardon me for interrupting your dialogue with the preeminate traveler of our time, the one, the only, Trader Berney!!! Since he will be on travel for the next 22 hours or so, I will attempt to occupy you! g g g g
Dubya is a NOP.
In case you've forgotten (which I suspect you haven't) but the NOP is a software instruction in assembly language that is a place holder that marks time until a valid instruction can be executed!
Don't get me wrong, at this stage in our (the US) development we may need a Dubya NOP! I dunno. We caint (Texican for can't) keep going up for ever at the rate we established last year! (sic) Thus a major correction.
But, but, but, why care if the market is going up or down??
The only thing I care about is "VOILITILITY", in capital letters. The more excursions we make between my lines the more money I make! I think its great. The only problem that I have is in those transition areas when we go from an up trend to a down trend and vice versa.
If you trade the way we have begun to, the only importance of the trend is to recognize which one it is (IS - is this defined in Websters?)... ggg (Slick Willie could tell which one it is, its an up trend if you can slide a cigar in it!) ggg Aint politiks fun?? ggg
On the serious side, the FMAGX trade is going good, although we went in one day too early. We need to watch out for the (first) daily down trend line which will be OEX 669 tomorrow. If we pause or fail to continue through it, this will be an indication that a FMAGX trader might want to "put the fish in the box", i.e. take the profits and run. There are two things to watch out for, OEX hitting the daily down trend line (the first one, because there are two, one longer term than the other) and/or the DOW refusing to go through 11,000 on a closing basis. Tomorrow, near the close will be the decision point for this.
If the DOW goes up and hits its head on 11K and backs off we might see a pull back in the market, thus a pull back in OEX. I mention these because we have broken the OEX 60 minute down trend line and the next task/decision point is if we break the 60 minute uptrend line to the down side or refuse one of the daily or weekly OEX down trend lines.
Well, Sandy bought me some COYOTE CREEK chardonny (thats Texican for chardonnnay)! BTW my heritage is south Texas or TEXICAN, I understand a little (por'kito) Mexican, but I don't use it to get votes!! gggg
CU (make a Lot of MONEY)ggg
Paul Kellam |
