The setup for the big trade

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Sun, Aug 3, 2014 - 8:40pm
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The thing about targets (as

The thing about targets (as they are usually calculated) is that they work on a "glass ceiling" or "glass floor" mode of operation. Which is to say that until it breaks, reversal is assumed. In general, professional traders prefer to trade reversals to range middle or other side rather than to trade the breakout alternative. That said, those who trade for a living are very fast at recognizing genuine breaks and very fast at getting out of erroneous positions.

If targets are required for lower prices I have no problem calculating them several different ways, all of which are valid. I do them in RNP and price then hits all the levels and bounces between them. In the case of gold and silver I have not needed to renew this often because price levels described a year ago still work.

Normally I try to not do "targets" because people take them (a) literally, (b) fixed) even after they are broken and removed and (c) they refer to targets long after their sell by date as if they are still a claimed valid target! If readers choose to read into written words meanings other than what they say, that predisposes me to not say the words in the first place, even if everyone wants it, and even if that's what the mainstream analysts do.

What I do, again and again, is say when a break was genuine and unlike the other breaks that look the same, or say when a coming date will contain an important market decision. All that's required is to follow the new direction. Possibly try to relax between these times. Don't worry 24/7 when it hits a price for the tenth time, there's no need - it's only the hit on the inflection day that matters!

So often I relax a bit in-between times and let others do the talking.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Sun, Aug 3, 2014 - 8:43pm
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AM Blog piece is

AM Blog piece is uploaded.

It's a video and the Main St thread is here: "Laundry Day" and Some Gold and Dow Rhythms

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Sun, Aug 3, 2014 - 10:33pm
redwood
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wildbadbill

You must have gone far in life with the integrity that you display.

I've just been through a most harrowing experience with a loved one in cardiogenic shock, a state that has less than 50% survivability in the first 24 hours. Lucky for us we got through. Certainly puts things in their proper perspective (again).

Sun, Aug 3, 2014 - 10:58pm
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Redwood,  Very sorry to hear

Redwood,

Very sorry to hear of your personal situation with a family member.

And Solson, a belated well wish on the loss of your mother.

Yes, life situations put financial and geopolitical matters in their proper perspective.

And sometimes world financial matters are a nice reprieve from such events.

_______

Ebola seems to have caught everyone's attention and I guess it is not a good situation in W Africa. Besides one individual being flown to the US, it's a non-event thus far here. But all the talk got me thinking...

Couldn't find much about epidemic and pandemic statistics from Foundation of Cycles which I am sure they have, but just some anecdotal observations scrolling through dates, S&P sell offs, panics, recessions would seem to have some correlation to worldwide epidemics. 69 sell off in S&P -11.9 with the Hong Kong Flu. 57 Asian flu, and -14.7 S&P. HIV in 2001 and -13%, 2002 Sars and -23 % S&P

You get the point. Would have to spend alot more time looking at cycles but it probably exists somewhere.

https://en.wikipedia.org/wiki/List_of_epidemics

https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

Mon, Aug 4, 2014 - 6:53am
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all the best for you

all the best for you Redwood,thank you...

Mon, Aug 4, 2014 - 1:37pm Green Lantern
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$900

GL: Thank you for your perspective and insights on this subject.

Mon, Aug 4, 2014 - 2:47pm
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@Redwood I hope everything

@Redwood

I hope everything works out OK.

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Mon, Aug 4, 2014 - 2:58pm
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SPX moving back to fill a VAP

SPX moving back to fill a Volume At Price (VAP) deficit centred at 1905. Support via the recent trading range is confirmed by VAP peak which begins to rise at 1894 and is strongest at 1872.

The low volume breakout at 1734 remains sticking out in a sore thumb fashion - somewhat like a missing rung in the ladder SPX has ascended. It will be interesting to see how much time passes before that gets revisited.

The moving average which matches this peculiar trend is going to arrive at 1905 about end of August which looks a bit late given the rate of descent of price over recent days. Time for a pause soon?

argentus maximus Rhythm and Price http://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Mon, Aug 4, 2014 - 3:22pm wildbadbill
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Ivars, etc...

I wanted to chime in and say I also find it interesting to hear Ivars perspective about the Rocks/Roths. The paradigm makes sense from a world view. I think it also ties in with AM's work. It was Green Lantern who recommended "Bablyon Banksters". Why did the Roths then sponsor Dewey's work on cycles? IOW, I think it pays to understand what their plans might be and tie that it to news information, time and price.

Mon, Aug 4, 2014 - 10:39pm
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Green Lantern,  wildbadbill

Green Lantern, wildbadbill and argentus. Thank you for your kind words. We are making a slow recovery....I think the worst is behind us.

But it was a wild return to my old training days when I used to think about the small stuff that people concern themselves with. This forum is not small stuff, but the occasional discontent about idiosyncratic viewpoints leaves me perplexed sometimes.

More importantly it's dangerous. I watched my loved one fall through the cracks as each of the 5 practitioners followed their diagnostic formulation, each based on their level of expertise and training. And worse still they were all reasonable calls given the information. It took one ICU specialist who incidentally entered the room while consulting on another ill patient to call it right and literally saved the day.

Keeping open minds...its tough especially with life's exigencies. But here's the thing. With it life becomes full, understandable and productive. The alternative is ignorance, frustration and early demise.

Tue, Aug 5, 2014 - 9:28am
ivars
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GSR aiming back into the old

GSR aiming back into the old channel?

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Tue, Aug 5, 2014 - 9:53am ivars
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Ivars...

If the elites control the global corporations who own all the news networks; (Roths/Rocks) why all the recent new topics on the subject of Israeli aggression and antisemitism? You'd think the news would be pro-Israeli, etc. no?

Tue, Aug 5, 2014 - 10:36am eclectic
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To force move of Jewish

To force move of Jewish capital out of Europe and even USA to Asia as anti-semitism increases. Israel is Roth creation, so they can do what they are told to increase anti-semitism.

Besides, Rocks are NOT Jews. Have never been. Huguenots, Masons, Puritans yes but never Jews. They path have crossed with Jewish one already in Ancient Egypt as far as I can figure out.

Sometimes they cooperate, as in bringing down Russian Empire, but they did split immediately after Soviet revolution as Rocks tried to take control over Russia in the end of 20-ties (google New Economic Policies) . That would be the end of Roths forever if Rocks had succeeded. So Roths supported Stalin and thus saved future for themselves.

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Tue, Aug 5, 2014 - 10:38am
ivars
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It seems Armstrong have the

It seems Armstrong have the same idea of splitting influence spheres but he thinks its the USG arrogance not a forced agreement that makes USA act as it does:

https://armstrongeconomics.com/2014/08/

USD does not die in his scenario either.

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Tue, Aug 5, 2014 - 2:33pm ivars
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It's well above the trend

It's well above the trend line now. Unusually big divergence between G & S today.

Nemraci

Tue, Aug 5, 2014 - 3:42pm Nemraci
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Nemraci wrote:It's well

Nemraci wrote:

It's well above the trend line now. Unusually big divergence between G & S today.

Nemraci

Such sudden spike..in my theory, could be a message from Roths to Rocks that Rocks must be more proactive. Lets see if it leads to some USG response/actions over Ukraine or elsewhere. Or maybe USD needs to be talked down a bit. Lets see. Though the spike was not too big, but the key is it was noticeable and out of line with silver.

Any future development must involve changing something which people have never challenged up to the present,and which will not be shown up by an axiomatic formulation. P.A.M.Dirac
Tue, Aug 5, 2014 - 6:15pm
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Birds Of A Feather?

ABC News executive producer Ian Cameron is married to Susan Rice, National Security Adviser.

CBS President David Rhodes is the brother of Ben Rhodes, Obama’s Deputy National Security Adviser for Strategic Communications.

ABC News correspondent Claire Shipman is married to Whitehouse Press Secretary Jay Carney

ABC News and Univision reporter Matthew Jaffe is married to Katie Hogan, Obama’s Deputy Press Secretary

ABC President Ben Sherwood is the brother of Obama’s Special Adviser Elizabeth Sherwood

CNN President Virginia Moseley is married to former Hillary Clinton’s Deputy Secretary Tom Nides.

Tue, Aug 5, 2014 - 9:48pm
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Don't forget Anderson Cooper.

Don't forget Anderson Cooper. A Vanderbilt. The family of some the greatest stock manipulators of all time.

And obviously, Jenna Bush and Chelsea Clinton.

If being married to an ex-Fed chairman counts too, then you can add Andrea Mitchell

Wed, Aug 6, 2014 - 1:14am
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West Coast Trees Give Life

Redwood,

Interview with Haida Gwaii Chief and Master Carver Jim Hart
Wed, Aug 6, 2014 - 3:07am
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1408 CAD trigger gold

1408 CAD trigger gold price...

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