Friday, June 25, 2010

TF Swing System Adds To Long Position

I apologize for the getting this out late...but I have been moving both my office and home so yesterday and today (actually this week) have been crazy.

Wednesday, June 23, 2010

TF Daily Swing Triggers Long at current levels

What a whacked out market...well, looks like the next short, probably in July will be the one to watch.

SSO and BGU 34 minute systems exit long entries

First losing trade in a long time. Down around $6,000 for $200,000 or so in positions. I have built a method to filter entries such as this to require higher tolerances for triggers especially after many winning trades in a row such as these systems have had. Additionally, the functionality should reduce dollar allocation as well. That technology is not implemented in the trades indicated.

One other thing to note is that, I reduce allocation to trading intermediate-term/intraday systems when there is a turn going on or conflict internally with the models agreeing on direction. I prefer trading the swing systems until the situation clears up.

More big words from Soros - nationalism, social unrest and xenophobia

"Right now the Germans are dragging their neighbours into deflation, which threatens a long phase of stagnation. And that leads to nationalism, social unrest and xenophobia. Democracy itself could be at risk." The comments have little impact on the euro; +0.1% vs. the dollar. - George Soros

SPY finally finding a bid

The exit from leverage has been slowing and the cash market is now modestly/relatively rights there should be some attempt at rallying somewhere in here.

Tuesday, June 22, 2010

ES Daily Swing System Covers

It may be premature, but the ES Daily Swing covered its short for a very nice profit. A warning sign for me is the bounce in the dollar may only be wave B and therefore the dollar may move lower for a new countertrend low and thus the market may trap a bunch of shorts again! surprise surprise. Very difficult setups in this market.

Note: SSO Daily, and ES Daily Income covered on the close also.

Obama Administration Knew About Deepwater Horizon 35,000 Feet Well Bore

Not the we did not know that Obama is a good actor...if this does not clear up who the government is working for I don't know what will...THEY ARE NOT WORKING FOR US! Do you think we need a war with Iran? Apparently, Bernake and Obama do. Two weeks before the spill Obama opens up the Gulf for drilling...this is why:
President Obama and Secretary of Interior Ken Salazar, Secretary of Energy Steven Chu, and Defense Secretary Robert Gates were informed that BP would drill an unprecedented 35,000 feet well bore at the Macondo site off the coast of Louisiana. In September 2009, the Deepwater Horizon successfully sunk a well bore at a depth of 35,055 below sea level at the Tiber Prospect in the Keathley Canyon block 102 in the Gulf of Mexico, southeast of Houston. 
During the September drilling operations, the Deepwater Horizon drill penetrated a massive undersea oil deposit but BP's priorities changed when the Macondo site in the Mississippi Canyon off the coast of Louisiana was found to contain some 3-4 billion barrels of oil in an underground cavern estimated to be about the size of Mount Everest. It was as a result of another 35,000 feet well bore sank by the Deepwater Horizon at the Macondo site that the catastrophic explosion occurred on April 20.
According to the Wayne Madsen Report (WMR) sources within the U.S. Army Corps of Engineers and the Federal Emergency Management Agency (FEMA), the Pentagon and Interior and Energy Departments told the Obama Administration that the newly-discovered estimated 3-4 billion barrels of oil in the Gulf of Mexico would cover America's oil needs for up to eight months if there was a military attack on Iran that resulted in the bottling up of the Strait of Hormuz to oil tanker traffic, resulting in a cut-off of oil to the United States from the Persian Gulf.
Obama, Salazar, Chu, and Gates green-lighted the risky Macondo drilling operation from the outset, according to WMR's government sources.
WMR learned that BP was able to have several safety checks waved because of the high-level interest by the White House and Pentagon in tapping the Gulf of Mexico bonanza find in order to plan a military attack on Iran without having to be concerned about an oil and natural gas shortage from the Persian Gulf after an outbreak of hostilities with Iran.
BP still has an ongoing operation to drill down to 40,000 feet below sea level at the Liberty field off the north coast of Alaska.
Source: click here

SSO and BGU 34 minute systems take long entries

Short-term systems looking for bounce...

Monday, June 21, 2010

SSO and BGU 34 minute systems close longs

at the open. These systems have been working very nicely as hedges for the short positions that the swing systems are building. Today looks like it will add another short entry at the close for the swing systems.

Sunday, June 20, 2010

40 Years of oil exploration in the gulf...

The most consistent attribute has been cronyist governmental regulation and support. The government is the partner and facilitating investor making the whole charade possible. Corporatist regulation has legalized what was not legal or too risky. Now a company can drill say - "we did nothing wrong"...ironically, the reason the government is posturing with hollow efforts and promises is that they want the exact same thing. "We, your government did nothing wrong. BP's ass is the one we want to nail..." That is what everyone wants - a finger to point while protecting their conflicted adgenda.

This well should have been blown up when it mattered and would not have caused secondary methane and gas explosions of mammoth proportions. Obama and the government knew that. So, why are we here?...feels like familiar territory.

Here's a good summary of the governments statements/view.

Not to be too depressing...I think its reasonable to relook at Chernobyl

The BP/US oil spill is an example of what cronyism and bad policies can do. However, we must remember that finance IS government in our world currently. The russians have just proposed a new Global Supranational currency while the fiat system is on its last legs and this ultimate coverup, no matter who it is proposed by, is simply a farce. A new debt system (or more accurately debt currency) can not be adopted now. And by design the objective of the current system is to complete a comprehensive wealth transfer from the people to the cronyists. Simply, look at Russia and the US - both shining examples of the process at work. But it has only just begun.
Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”
The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.
The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.” - July 10 (Bloomberg)
Some of the sad consequences of inappropriate financial policies are mammoth detonations. The oil spill, our banking crisis, the housing crisis, Chernobyl, various wars and the upcoming depression are all examples. I think that its important to realize exactly how delicate and frail this whole thing is. What happens when more bad decisions are made? What happens when funding is not available to maintain hazardous disaster zones? What happens if war/depression or terrorism facilitates an attack on an aging disaster like Chernobyl or other Oil Wells? Given how woefully unprepared we are for a simple Oil spill and Russia was for Chernobyl, it seems that in a depression there is considerable risk to the assumption that resources will be appropriately placed, developed or available to ensure things remain stable with the current risk elements...especially when we have CEO's and politicians worried more about their bank accounts and special interests than the responsibilities they were assigned and chose.

A friend (as well as many others or her age group in southern Germany) had her thyroid removed due to cancerous growths, most likely related to the radioactive cloud that covered europe from Chenobyl when she was 19 or so. She was not warned to stay in doors until it was much too late and no one knew or was told at the time that a second explosion was a high probability that it would have rendered the entirety or Europe uninhabitable.

The US/Western wars, imperialism and financial terrorism have, in my opinion, put us all at a significant risk if things were to get "uncomfortable" globally. This Oil Spill is a wake up call...and potentially just the tip of the iceberg of man-made or influenced disasters facilitated by our fiat system of government. I do not see our valueless currency system as a financial issue...our fiat system is a form of government, control and wealth transfer and what is happening in the markets is a form or rebellion.

I suggest that anyone of us "small people" upset with how this Oil Spill disaster was handled, look at its implications as far as how prepared or conflicted as a society we may be in other regards legacy and other issues that lie beneath the fancy rhetoric coming out of Washington, political and corporate leadership globally and the central bankers of our world.

If the global economies and currency systems fail...what happens to facilities like Chernobyl and many other high risk strategic initiatives that governments can no longer pay for or coordinate as effective managed catastrophes? Is the ever increasing US imperialism going to come to the rescue or be part of the problem?

Below is an excellent documentary on Chernobyl that everyone should see. My question is, how much have we really learned?

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