DrStool Posted March 14, 2012 Report Share Posted March 14, 2012 Heading for Montreal this morning. Back with you this afternoon! Link to comment Share on other sites More sharing options...
DrStool Posted March 14, 2012 Report Share Posted March 14, 2012 spx 2 day cycle projection 1397.50 Link to comment Share on other sites More sharing options...
DrStool Posted March 14, 2012 Report Share Posted March 14, 2012 3 day cycle projection 1401-03 Link to comment Share on other sites More sharing options...
Trader Joe Posted March 14, 2012 Report Share Posted March 14, 2012 Major averages not reflecting some underlying weakness in the "short term" TJ proprietary indickator ® We'll see how it plays out Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 All out destruction of bonds. Link to comment Share on other sites More sharing options...
Bungster Posted March 14, 2012 Report Share Posted March 14, 2012 All out destruction of bonds. Yep, not looking so good... This could be the start of something big... Link to comment Share on other sites More sharing options...
psyche doctor Posted March 14, 2012 Report Share Posted March 14, 2012 If you look at the crapple chart that I posted, many traders will think that the current overlapping 5-wave structure is an ending diagonal. It could be, but I think that there is a higher chance that prices could pierce the upper parallel, back test it and explode toward the 600 mark or higher. Looks like it is happening.... Maybe without the backtest, even... Oh, by the way, the 2.618 extension of the previous high and low is right near 600 Link to comment Share on other sites More sharing options...
I_Am_Madness Posted March 14, 2012 Report Share Posted March 14, 2012 This is some serious extreme chit. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 14, 2012 Report Share Posted March 14, 2012 Here is another version of the comp with uptrend line. This line is positioned a little different but has more points touching it. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 14, 2012 Report Share Posted March 14, 2012 got the comp 3000 close. Now, just need the 1400 SPX close to mold the sheople's brain that 08' never happened and the future is forever bright. 1400 not 14000 Link to comment Share on other sites More sharing options...
Bungster Posted March 14, 2012 Report Share Posted March 14, 2012 Out of QID and SDS positions for losses... Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 Anyone want to bet that Bernakenstien's 2014 rate "promise" will = epic fail? No way, Jose. Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 No comment yet on this op-ed from the GS resignee? What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym. Avoid Standing Near this Guy Near Sniper Lines of Site Link to comment Share on other sites More sharing options...
Jimi Posted March 14, 2012 Report Share Posted March 14, 2012 More: It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids? No humility? I mean, come on. Integrity? It is eroding. I don’t know of any illegal behavior, but will people push the envelope and pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client’s goals? Absolutely. Every day, in fact. Link to comment Share on other sites More sharing options...
bundys_dodge Posted March 14, 2012 Report Share Posted March 14, 2012 New York Times OP-ED on Goldman Sachs. Is this really happening?. NYT actually printed this!?. OP-ED Why I Am Leaving Goldman SachsBy GREG SMITH Published: March 14, 2012 TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it. --- Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence. --- What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. B ) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym. Why I Am Leaving Goldman Sachs Link to comment Share on other sites More sharing options...
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