266 replies to this topic
Posted 12 October 2003 - 11:05 PM
I have been only trading stocks, but I want to begin including commodities.
Can someone please give me an assist in finding where to go to trade commodity options ?
Thanks in advance.
Posted 12 October 2003 - 11:09 PM
how 'bout them badgers...oops, I mean buckeyes.
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"
Posted 12 October 2003 - 11:10 PM
first thing - journeyman clerks have to earn much more than $15/hr - then figure in bennies including union retirement. i was in retail clerks 30 years ago. it was a decent job then - it isnt now. swiping cans and stacking cereal boxes is not skilled labor - if you doubt it go to WMT and have a look see.
whats happening is simply a local example of wage deflation and increased competition. the replacement worker isnt chinese, but the impact is essentially the same.
a striker told me "3 more days like this and they will settle." i doubt it - he also said that they will run out of strike funds after a month - they get $300/week. watch as the trade unions come under pressure as willing immigrant workers erode the pay scale. another striker told me he wanted a raise - he's a great clerk, always really cheerful and helpful, but he isnt getting a raise anytime soon.
as MWH pointed out - i found it very ODD that it was suggested that i go to a non-union store.
Iat least we're all safe for now. thank God we're in a bowling alley.
Posted 12 October 2003 - 11:13 PM
HEAD AND SHOULDERS HEAD AND SHOULDERS
turns all the bull dung stocks
into downward boulders
This will all end badly and blow up big.
Margin debt way high - this is what bought 1929 crashing down.
Fear and marrgin calls will flatten this echo bubble.
We are now in the mania stage of Bubble Two.
Every sheep hoper is buying like mad so as not to miss the river boat.
The asian babes are doing a great head and shoulder act.
So is Ebabe.
Insiders unloading like no tomorrow.
Plenty of time to catch the downside when the panic selling hits.
Posted 12 October 2003 - 11:27 PM
I cycled through all timeframes from hourly to yearly on de EBAY chart... where d'ye see a head & shoulders pattern?
Tanks (in advance),
Posted 13 October 2003 - 12:11 AM
the cosmic joke is that no one is going to be in a position to retire in 10 years. Hell ever. Retirement requires real honest to betsy economic growth that translates into wealth building, and I don't see much of that on the horizon.
Posted 13 October 2003 - 12:15 AM
Bare-- Can't figure out how TwoScrews can be correct over the very short run.
I looked at the $NDX to see whether all the wild put and call buying in the Cubes can be justified. I believe the unusual put activity is Da Boyz merely trying to hedge other long positions. So the $NDX should provide better evidence than the QQQ's.
Here's what I think.
First, there's that 19 point gap. It can't qualify as an exhaustion or breakaway gap, so it's likely to be filled.
With the double divergence on the RSI and potentially on the MACD, I'd guess the fill will be sooner than later. Stochastic is diverging nastily.
The rally from the October 1st low of 1302.30 to Friday's high of 1406.30 is 104 points.
If we do some math, a 61.8% retrace would take us to 1342. Considering that part of the rise was a gap, that's not so unusual.
The gap is from 1344 to 1363. so there's a likely fib retracement. Short term corrections in markets are, traditionally, 4% to 7%. Four per cent takes us to 1350, at a minimum. So, once again, there's further likelihood that the gap will be filled in the short term.
There's risk. On Balance Volume confirms the rise. However, Chaiken Money Flow does not.
While ADX has a bullish crossover for the action when the gap occurred, DIplus has stagnated thereafter.
As far as fib time lines go, the decline may end Tuesday or Thursday. INTC reports Tuesday.
Sift the evidence presented here, my friend.
By the way, the address " My friend" is the common parlance when referring to opposing Counsel in Canada for I, too, am a Barrister.
Make dust, or you'll be left in the dust of others.
Posted 13 October 2003 - 12:56 AM
Looking at NQ Daily, there is a potential double 'island reversal' pattern (north) .
I got my beady on 1355.396 for clues.
As my chum, Brian4, would say: "Trade Safe!"
Posted 13 October 2003 - 01:02 AM
Bearvest, u misconstrue HRFF!
TwoScrews is correct (partially) about the wine mkt in China.
That's all The BARE was responding to. SNOT his market views.
HRFF agrees w ya, there. Too illusory. SNOT enuff conFURmations FUR his liking, anyhoo. Which is why he remains short. Were it FURing, heavily, on ALL cylinders, he'd be skeered.
He ain't....SNOT YET, anyhoo.
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"In any case, experience shows people are unlikely to change their ways without a cataclysm of existential proportions" Meinhard Meigel, German economist and demography expert on his prophecy of a Wagnerian abyss of social and economic chaos
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Posted 13 October 2003 - 02:17 AM
Of course you don't share the view...Did I say you did or have to?Considering that health insurance now costs over $200 monthly for a young single and north of $1000 monthly for an older couple, they should be thankful that they aren't being asked to pony up more- 20-25% would probably represent a normal contribution level in today's world. And $15/hour for UNSKILLED light-duty labor should be considered highly paid, to say the least. I'll bet those replacement workers are praying they never settle!
The above was the end of my official retort...
My thought's on the poor unfortunate employers inspired by my former employers ...Click here but you will not like it... so don't click here. No it's not reverse psychology...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
Posted 13 October 2003 - 06:38 AM
Dr. Hussman addresses a subject dear to my heart: that fact that reserve requirements were cut to effectively zero in 1994:
in recent decades, investors had come to expect extremely positive stock market returns following two consecutive cuts in the Federal Funds rate ("two tumbles and a jump"). Unfortunately, this experience was based on a world where a significant portion of bank assets were actually subject to reserve requirements, and where the primary feature of economic recessions was temporary weakness in demand. In the early 1990's, however, the Federal Reserve abolished reserve requirements on all bank assets except for checking deposits, which represent a minor source of bank funding. In doing so, the Fed assured its own irrelevance.
No credible constraint
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Posted 13 October 2003 - 07:09 AM
HEAD AND SHOULDERS
From July to Now
Could be wrong of course
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