"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
Trader Dan's Work is NOW AVAILABLE AT WWW.TRADERDAN.NET
Saturday, October 26, 2013
Trader Dan Interviewed at King World News Markets and Metals Wrap
Please click on the following link to listen in to my regular weekly audio interview with Eric King over at the KWN Metals Wrap.
Prophet Elijah, Alex always talks about how he is so shocked how the "establishment" allows him to stay on the air. I submit to you that he and his type do the globalists a great favor by discrediting his movement. They want him on the air. He deflects and discredits.
The longer the markets and system keeps afloat, the more he and his followers look like fools and are marginalized. This is why I say repeatedly to stop listening to the doomers and gloomers and understand that while they may be correct eventually, listeners to this sensationalized trash will be so burned out that by the time stuff does happen these people will be broke financially, spiritually, physically, and mentally. Their wives and children would have foresaken them, and theey will be isolated and insane.
KEEP YOUR POWDER DRY, and understand reality.
Remember the term "backfire." I admitted I was wrong, we all need to admit it and get on. However, always have one eye on the abyss as we walk by. OK. How do I play equities? I see the directional move, so I own a boatload of call options on SPYs and few on DIAs. I don't even play the QQQs, as they are very volatile.
Alex and the "patriot" movement will be on the air all the way until the bombs drop on DC, doing their followers untold harm in the process.
I follow people like Joel Skousen. He says these events will come, but there is time to do what we need to do. He says if collapse comes the globalists will get the blame. That will cause them to lose control. The USFed will not withdraw stimulus and cause a collapse. They will get blamed for it. People will stop paying taxes, and riot, etc. Only global war gets them out of this. History repeats, except the US will be the villian.
I don't even waste my time voting. I remain objective, with my biblically-based moral compass intact. I have no opinions, just observations.
"This is why I say repeatedly to stop listening to the doomers and gloomers and understand that while they may be correct eventually, listeners to this sensationalized trash will be so burned out that by the time stuff does happen these people will be broke financially, spiritually, physically, and mentally. Their wives and children would have foresaken them, and theey will be isolated and insane."
My sentiment exactly to a bro of mine who listens to Alex daily. How many years has Alex been on the air talking about the same thing. I suppose someday he might be right - maybe in 60 years?! There are too many things to enjoy in life rather than living with paranoia.
Wow...I thought I was reading some wankers .... I didn't even know there was garbage like Alex Jones, Max Kieser etc. Armstrong is totally correct when he states that the nut jobs in the Gold world have done more to destroy it's value than anything else.
If I didn't stop in here to read some of these POSTS on Trader Dan's Market Views I would probably short circuit with all the news that I sift through on www.thenewsunit.com
That YOU TUBE VIDEO above that was posted there by Elijah is terrific. :-)
At this point in our nation it seems to me that things really are deteriorating so I am resigned to submit to satire and just laugh at it all with the Lord God who sitteth in the heavens:
He that sitteth in the heavens shall laugh: the Lord shall have them in derision. --PSALM 2.4
Having said that I have to say for those of us who care a bit about preserving our financial solvency I would be very careful trading these next couple of weeks. IN and OUT ONLY! There are no more investments. Just my own feeling on it right now.
Weekly : not only we finish on the tops, but we are breaking above the mlh sup of the nastiest downtrend pitchfork which appeared as a possibility since last top at 1430. The MACD is NOT crosssing (bullish), though it's still Under its propagation axis. The CDur may reverse up soon, also a good sign. Daily time unit : I added an Upwards pitchforw, in green. MACD and Cdur are well oriented.
What is interesting is that on many time units, most résistances are pointing at the 1400+ area, say more precisely 1410-1420. This is clearly my target, even if I have only half my normal long position since I sold 50% the other day at 1346 (I didn't feel quite confident...). Of course, now I'll keep this position until we reach this target or I get stopped.
http://i40.tinypic.com/29fsgfl.jpg
I'm adding a complementary 3day chart. It shows how volatility has been diminishing once more after we dove to 1180 $. We are in a psychology of triangle. Tops are lower and lower. Bottoms are higher and higher. All this is shown by the Bollinger Bands and reaction of prices on them. On the last 2 impacts, prices bounced on them. They are now in a range. Of course, guess where is the Bol sup? Yes, 1400 $+ area. I'd like to see prices go up there. I'd sell my remaining 50% and consider shorting, depending on the smaller time units and what they would say.
the chart is trunked, so because I said I would put it to be auhorized to post their charts (dang, they are the ones who should thank me and pay me for advertising their platform lol), this chart is courtesy of prorealtime. Btw, I actually think they are a good Platform for free to start Learning doing your own charts (for beginners) down to the daily time unit. Just don't pay for the lower time units and you have quite a "pro" charting service with real data for free, unlimitted time. Maybe there are some more of course, but that's the one I'm using :)
Prophet Elijah,
ReplyDeleteAlex always talks about how he is so shocked how the "establishment" allows him to stay on the air. I submit to you that he and his type do the globalists a great favor by discrediting his movement. They want him on the air. He deflects and discredits.
The longer the markets and system keeps afloat, the more he and his followers look like fools and are marginalized. This is why I say repeatedly to stop listening to the doomers and gloomers and understand that while they may be correct eventually, listeners to this sensationalized trash will be so burned out that by the time stuff does happen these people will be broke financially, spiritually, physically, and mentally. Their wives and children would have foresaken them, and theey will be isolated and insane.
KEEP YOUR POWDER DRY, and understand reality.
Remember the term "backfire." I admitted I was wrong, we all need to admit it and get on. However, always have one eye on the abyss as we walk by. OK. How do I play equities? I see the directional move, so I own a boatload of call options on SPYs and few on DIAs. I don't even play the QQQs, as they are very volatile.
Alex and the "patriot" movement will be on the air all the way until the bombs drop on DC, doing their followers untold harm in the process.
I follow people like Joel Skousen. He says these events will come, but there is time to do what we need to do. He says if collapse comes the globalists will get the blame. That will cause them to lose control. The USFed will not withdraw stimulus and cause a collapse. They will get blamed for it. People will stop paying taxes, and riot, etc. Only global war gets them out of this. History repeats, except the US will be the villian.
I don't even waste my time voting. I remain objective, with my biblically-based moral compass intact. I have no opinions, just observations.
"This is why I say repeatedly to stop listening to the doomers and gloomers and understand that while they may be correct eventually, listeners to this sensationalized trash will be so burned out that by the time stuff does happen these people will be broke financially, spiritually, physically, and mentally. Their wives and children would have foresaken them, and theey will be isolated and insane."
DeleteMy sentiment exactly to a bro of mine who listens to Alex daily.
How many years has Alex been on the air talking about the same thing. I suppose someday he might be right - maybe in 60 years?!
There are too many things to enjoy in life rather than living with paranoia.
What I said is that we must remain vigilamt, sober, and objective. We need to reconcile our opinions objectively with what reality presents.
DeleteWho is Alex?
ReplyDeletea rush Limbaugh wannabe out of Dallas; swb in sparks
DeleteWow...I thought I was reading some wankers .... I didn't even know there was garbage like Alex Jones, Max Kieser etc.
ReplyDeleteArmstrong is totally correct when he states that the nut jobs in the Gold world have done more to destroy it's value than anything else.
If I didn't stop in here to read some of these POSTS on Trader Dan's Market Views I would probably short circuit with all the news that I sift through on www.thenewsunit.com
DeleteThat YOU TUBE VIDEO above that was posted there by Elijah is terrific. :-)
At this point in our nation it seems to me that things really are deteriorating so I am resigned to submit to satire and just laugh at it all with the Lord God who sitteth in the heavens:
He that sitteth in the heavens shall laugh: the Lord shall have them in derision.
--PSALM 2.4
Having said that I have to say for those of us who care a bit about preserving our financial solvency I would be very careful trading these next couple of weeks. IN and OUT ONLY! There are no more investments. Just my own feeling on it right now.
A few positive things for the bulls, imho.
ReplyDeleteWeekly : not only we finish on the tops, but we are breaking above the mlh sup of the nastiest downtrend pitchfork which appeared as a possibility since last top at 1430. The MACD is NOT crosssing (bullish), though it's still Under its propagation axis. The CDur may reverse up soon, also a good sign.
Daily time unit : I added an Upwards pitchforw, in green. MACD and Cdur are well oriented.
What is interesting is that on many time units, most résistances are pointing at the 1400+ area, say more precisely 1410-1420. This is clearly my target, even if I have only half my normal long position since I sold 50% the other day at 1346 (I didn't feel quite confident...). Of course, now I'll keep this position until we reach this target or I get stopped.
http://i40.tinypic.com/29fsgfl.jpg
I'm adding a complementary 3day chart.
It shows how volatility has been diminishing once more after we dove to 1180 $. We are in a psychology of triangle. Tops are lower and lower. Bottoms are higher and higher.
All this is shown by the Bollinger Bands and reaction of prices on them.
On the last 2 impacts, prices bounced on them.
They are now in a range. Of course, guess where is the Bol sup? Yes, 1400 $+ area.
I'd like to see prices go up there. I'd sell my remaining 50% and consider shorting, depending on the smaller time units and what they would say.
http://i43.tinypic.com/s4q89y.jpg
Wishing everyone a nice weekend,
the chart is trunked, so because I said I would put it to be auhorized to post their charts (dang, they are the ones who should thank me and pay me for advertising their platform lol), this chart is courtesy of prorealtime. Btw, I actually think they are a good Platform for free to start Learning doing your own charts (for beginners) down to the daily time unit. Just don't pay for the lower time units and you have quite a "pro" charting service with real data for free, unlimitted time.
DeleteMaybe there are some more of course, but that's the one I'm using :)