Why is news a joke? They are attaching news to whatever is moving at that given point, often flip flopped many times a day. This was a real treat though, what would you be here…bear or bull based on this news?

And as said prior 1000x, pros use news to flip shares to the hyped up masses. Essentially the entire market is a pump n’ dump if you think about it. LOL

LOL…spent way too much time on this but it was worth it! It’s true…tell me it’s not.
Well ok…the rich took over well before the internet but you get the point!

The point is they lull us into complacency and show us what we “need” to be cool in the media. They use news to scare us or sell us $hit they know is making them the most $ at that time, then they create and push the next fad in our faces. It’s not “cool” to have thoughts or a style of your own. Unless you strive to fit in something must be wrong with you right? It’s not accepted to go off the beaten path or to question what we are being spoon fed. Do so and you’ll be polarized like a circus act. They are the rich and we are the sheep.

Hey…this MC guy says the market is toppy and has no pro participation…what an idiot, the DOW is at 14k making new highs. Maybe it’s my skateboarding background from way before it was “cool” to do individual sports. Maybe it’s that I’ve always questioned “authority”. Maybe I have always been happy to be a black sheep, whatever it is I’m thankful and proud to be a free thinker!

Here’s a rant I wanted to post for awhile. Call me wacko if you wish.

It’s all make believe here in the US…roads, bridges, monuments, hospitals…everything has been created by fiat bullshit currency. It’s funny what the US has done on loan more less…a loan they could never possibly pay back. Look at the vast empire we’ve built here…all on a farce. Yet it’s done and here to stay so it’s tangible.

The US is perhaps the most crafty, conniving nation in the history of the world. The country with the biggest GDP and most workers/output can conquer all with what fiat and fractional lending has done for the US. The fact that our currency is…scratch that HAS collapsed (more less) and is backed by air is proof that they have paid workers in defaulting IOU’s it would seem. I’m beginning to wonder who the idiot is here though. Me who tries to live within my means while saving shrinking USD along the way, or the frivolous people? They are imitating what the US has done and which has worked so well to build an empire. They are buying things they can’t afford just as the US government does decade after decade. I seemingly will have nothing left as the USD becomes stretched further and further thanks to inflation devaluing my unbacked savings vehicle. Those that drink their paychecks away will at least have had fun doing it. Those that are spend happy will have tangible items where I will have defunct currency in a defunct bank account. As they say…live & learn right?

Rant back on the forum…please. I love to rattle cages and provoke thoughts. If I can turn just 1 person on to become a free thinker I’ll be a happy man!

http://www.tradersbase.com/forum/general-discussion-misc/751-us-all-illusion.html#post4414

Just WOW! I wasn’t expecting that big a move that quick otherwise I’d have posted the weekly chart as well.

I would think the weekly 200ma will provide some basing here, let’s watch this unfold.

Check it out via the link below.
MC

http://www.tradersbase.com/forum/technical-analysis/743-some-thoughts-volume.html#post4342

Toot Toot!
I had to toot my own horn on my 2 silver shorts (red circles) called here on TB. Targets worked out very well also.

The 200ma/structure support would have provided a safe shot at a long with a tight stop this last go round. BUT my bias was short based on how many times it had tested the $16.50 level and the USD move.

To provide even more value I have decided to add Market Profile (MP) levels to the premium members blog which I update each night.

It’s going to be open for maybe a week to let you feel the power of these levels. This will give you enough time to donate $ or “donate” quality posts to TradersBASE and secure access to this data. It will also give me time to sort out the subscription module to keep things automated.

Folks…just below the TB logo up top on the forum I’ve added a Donate button that will allow users to help cover hosting fees via paypal and allow TB to keep rockin. You guys know I’m not looking to profit here, only cover or at least offset a portion of the monthly hosting costs. If you donate you’ll get a fancy new title here showing you are a “Donating Member” as well as access to a new premium section.

As stated above I opened a premium section with a key level blog to add value for active members and/or members that donate. I’ll do a nightly update for use on the following days action on the YM and ES. If this gets a positive response I’ll be willing to perhaps add other liquid markets in my list as well. I’ve come up with what I feel is a fair price for the info which is $5 per month. If someone is “paying” me with good posts frequently I’ll be willing to allow that in place of monetary payment because to a site content is priceless. This is basically a way for me to give TB supporters what I think will be important levels and help offset some of the costs the site presents so donations will be appreciated either way.
TB Premium Users Section - TradersBASE
This is the link…it’s also hard to miss on the main forum page as it’s in it’s own section above all other sections. Free for about a week to give a taste of what I’ll be offering and allow me some time to work out some kinks.

Also I’ve cut the chatbox off for guests and inactive members. For now “active members” will be defined as 2 posts or more, though stakes will increase as participation grows. If people don’t help TB stay open through posting good content why should they be able to reap any rewards right? I will be looking further at how I can keep the chatbox up yet still get post based participation. For now I will turn chatbox on at market open and off at market close. This way we won’t lose our chatbox which I feel is needed to share our RT market thoughts with each other. Hopefully this attempt to improve post participation works and nothing more dramatic is needed.

When it comes to MACD…12,26,9 is the stock and most widely used setting. Often stock settings have the most eyes and are the most valuable when it comes to indicators. In my example…12 is the slow EMA, 26 is the longer EMA and 9 is the smoothing line. The moving lines you see on plotted MACD are 12 (slow EMA) and 9 (smoothing line), the 0 horizontal level represents the 26 (longer EMA). In the background on MACD you’ll often see a histogram, this measures the difference between the slow EMA and smoothing lines and plots this data in an easy way to watch momentum change incrementally. Both pieces of MACD are useful for spotting momentum shifts and divergence.

With 3 lines of interest plotted you can have 2 major crossovers.
1)Slow EMA crossing the fast EMA (0 line) (red circle & arrows)
2)Slow EMA crossing the smoothing line (black circles & arrows)

Most use the slow EMA crossing the smoothing line as indication of a momentum change. Sometimes on longer time frames like the above weekly there is no divergence needed for a mid term reversal and when slow and smoothing cross its a big move. See the below link for an article I wrote on divergence.

http://www.tradersbase.com/forum/technical-analysis/469-whats-divergence-diverging-indicators.html

Note: The most recent down move has built bullish divergence (green lines) where price tested lows yet the MACD as well as the MACD histogram failed to even come close to their prior lows. This was a VERY bullish indicator. I would have preferred the volume had been lower on the 2nd test giving a 2nd and more important diverging indication though. That would have told me there were less sellers at a prior key level and we didn’t get that so I’m not a total believer of this rally yet. I will become more bullish if/when the same level (or lower) has very low volume aka: brings out very few sellers. I will become full bull when the red downtrend and structure resistance are cleared and legitimately defeated.

In the morning we will get the employment numbers. These numbers can really move the markets and I fully expect a wild move this time. Traders and investors are all wondering just how bad the economy is, the employment number can tell you a lot about the state of our economy. Technicals tell me the dollar and the stock market will continue to rally, on the other hand I expect this report to be worse than expected. I am going to wait for the reaction to make moves, there should be good day trading tomorrow.    

On another note im headed to vegas for the weekend, I’ll be putting some more money to work on the craps tables!

and for a quick laugh