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Faber Vs. MIT


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Each of our lives is a series of compromises or checks and balances, if you will, that serve to keep us centered and healthy in all four areas - physical, mental, emotional and spiritual - and to keep all of these categories in proper proportion.

 

Disease (dis ease) occurs when when we become unbalanced in one or more of these areas. And, as a rule, when it starts in one there is a very good chance of it spreading to one or more of the other three.

 

For example, the cause and effect relationship between prolonged mental stress and then emotional depression and then ultimately physical tsuris is well known. And it all relates to the immune system, something that is supposed to do the job of keeping us healthy but can start breaking down if we allow ourselves to be subjected to enough abuse in any one of these areas to cause serious imbalance of the whole system.

 

Like the constant mental and emotional pressure we all face on a daily basis playing The Game. Something that would surely lead to the draining of Essence, Chi depletion and immune system depression if there was no way to counteract on a continuous basis this aspect of the Dark Side of The Force.

 

Remember Norman Cousins, the author of Anatomy Of An Illness? Those of you who are unfamiliar with him please, once again, refer to The Blessed Google for details on how he literally laughed his way to recovery from a life threatening illness.

 

Now if laughter could do this, think of how powerful it is in preventing illness in the first place by maintaining and restoring balance to our systems whenever necessary, even under times of great stress.

 

And intraday and short-term trading has to score pretty high up there on the list of stressful activities. Why do you think there are now defibrillators on the floor of the New York Stock Exchange?

 

All of the above, in case you haven't guessed by now, is in response to yesterday afternoon's Faber vs. MIT (thank you, Mousey Dung, for the label) debate. My answer to this is that both are very necessary. MIT is what makes us the money, Faber is what preserves our sanity. Just having one without the other would in itself would not only constitute a great imbalance here, I'll go one step further by saying that to try to do MIT without the leavening influence of Faber would be something quite unnatural which, IMO, would not last for long because of what would happen to us mentally and emotionally.

 

We need both and the synergy we get from both. Remember that In The Beginning (of Stoolville) Our Founder's First Commandment was Thou Shalt Have Fun. And he saw that this Commandment was good.

 

So in closing I ask all you predominantly MIT stoolies, who I greatly respect and honor for your invaluable contributions here, to please understand the method in this madness, the necessity for both Faber and MIT, and why the two really are inseparable.

 

A Chaplain Glad Original

 

 

And two members of our community arrived here one year ago today:

an2.gifHappy Anniversary, soup.

an2.gifHappy Anniversary, IrishJew.

 

And a belated congratulations to MrHanky who reached the thousand post milestone yesterday.

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2 possible paths intraday......a small pop could be expected as I explained on an earlier thread with chart.....I remain position short and currently scalped day long from Bloobex.....CIT's high 1030 +/- low 1130+/-....watch then what happens into high 1200+/-...if we are making new highs on day then we take a further corrective path generally upwards towards 830 from 1415 to 1530...if that was not a new high then we head straight to new lows at 1430 before small ending day rally......well that's the theory of it...good trading folks.....bbl

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I see you joined in early December, Oyster, but don't recall seeing you in this part of town until now. Welcome and glad to have you with us.  

 

thx Gladiator....I am kept very busy.......so not sure how often I will be able to be here....Vesselin has invited me on so I thought I would endeavour to share some of my thoughts here when I have time......longterm and minute intraday....Rock and Roll

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Hello folks,

 

Sorry for not posting more often but my real job is keeping me very busy lately. There is a deadline for submitting our product to a test - there are about 10 days left to the deadline, so we're all too busy adding detection of as many viruses as we can before the test. So, don't expect me to post much during the next 10 days or so.

 

Regarding Doc's proposal yesterday to open a TA-only thread. For the record, I support the idea. Those who opposed it - I think that you have missed the point. Nothing prevents the chatter and fun in this thread here from continuing. Nothing prevents people from posting TA here, if they prefer. It's just that, if we have a specialized TA-only thread, it will make life easier for those of us who are interested mostly in TA and don't have the time to read all the chatter.

 

However, I oppose the idea to have no discussions in the TA-only thread. By having discussions (expressing different opinions, considering different arguments, asking questions) is how we all learn. I'd just like to have the discussions limited to TA only.

 

Also, I wouldn't like it to be a single humongous thread like Night Stool has become. It's better to have a new one opened every day.

 

But, as Doc said, if a real need for such a thread arises, it will appear spontaneously, like the intra-day gold thread.

 

Regards,

Vesselin

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SG dings in

 

Last night, I posted up a good thread topic on my forum regarding "public recognition in a 3rd wave, we aint there yet"

 

You may want to read it here:

3rd of a 3rd public recognition, still to come!

 

That said, last night on the same thread... I talked about what to expect today.

 

In summary, I said 1285 on the NAS, with a close near 1273 ish. I dont expect alot of movement today.

 

There was an "incomplete" clear 5 wave pattern yesterday on the NAS, which is why it was easy for me to call the 1279 close. We could heat map up another 78.6% hysterical retrace today, which would take the NAS to 1291....

 

Bottom line, 5 waves down are still under way, today is a wave 4 move up for a bit.... with the 5th mini wave to follow DOWN.

 

I expect most of the selling to commence next week...

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Good morning and good stool to all!

 

Doc managed to get both the Stoolwethers and Suctors posted this morning by 8:15.

 

Will wonders never cease.

 

For those of who who are not subscribers, Suctor Watch and Stoolwetehrs are charts of 15 leading market sectors and 15 major market moving big cap stocks with cycle channel projections and cmaps. Very interesting stuff.

 

Become a fullfledged stoolie today. Subscribe to the Anals!

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Attached chart from Raptor Research this am agrees with my vision

 

1285 to 1291 retrace on NAS... followed by a downleg below Yesterday's close of 1279.... some support at 1265 ish.... but 1223 remains my target that I picked several weeks ago... near term that is..

post-3-1045142929.gif

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