Murphys Economic Escapades

Lets see if, The 3 point fib of 84.803, 87.013 and 85.086 place this pair at 2.618 at 90.87178 (Considering this as the internal fib.) and The 3 point of 84.803, 87.017 and 87.013 ( considering same as initial projection results from Gain V1 charts, or external fib.) place 1.618 at 90.5887, then since The Ichimoku Cloud bottom is at approx. 90.6 on the Daily, Which according to some net sites represents a strong buy area (Then, I assume it is possible that the 1.618 area represents weak resistance) and that a retracement of some degree should occur , then the pair should enter the Cloud finding resistance at the 2.0 fib. at 91.433 before going on to 2.618 at 92.79878

All of this speculation is for Amusement only and not meant to be considered as financial advice or anything other than speculation.  

http://www.thestreet.com/story/10637857/1/kass-goodbye-yellow-brick-road.html?cm_ven=GOOGLEF

Just had a go at USD/JPY as it is retracing down around 88.20, Just as I was getting warmed up after a few pratice pitches, The waves I am surfing showed that after I had banked the Ten I had  just hung over the board on a bounce.

That 1 of 2 things had just occured,

1. I had gotten off the wave too soon
2. I had done good and needed to catch the next wave up @ 87.999 (double bottom) as indicated by what could develope into a 1st wave down of minor degree.

But just as I proudly planned my next pitch and subsequent wave surfing alas [everything pointing to a lower dollar ?]

TO SURF OR NOT TO SURF THIS IS THE QUESTION ?

• Is a 4.25 projection @ 87.22 the wave to wait on, will I miss my ride @ 87.99 ?
• Being as I sure can't quit my day and night job to find out then.

GOOD LUCK TO ALL AND MAY YOUR SURFING BE PROSPEROUS AND YOUR LONGS HAVE AT LEAST A 2.618 HALF LIFE

?????????????????

Just being cute ! 

Are Small Caps A Good Buy ?

Well if you want to get filthy rich then picking a small cap with promise that survives and is expected to grow as a LONG TERM investment then yes Small Caps that may turn into Lage Caps are the only way to make BIG MONEY !

As they grow stock splits double your holdings as the shares rise , just look at what 100 shares of Wal Mart cost when they started and multiply the splits  and the rise in share value . MILLIONS !

It's not going anywhere man, It's like in N.Y. dude !

There is this guy that thinks that if this move up is strong enough the pullback may have already occured and the market could shoot up with few obvious pullbacks to considerably higher levels (s&p) 1100 maybe

What do the fluctuations in the DOW, NASDAQ and the S&P really mean ?

A. Well like man my old lady has got about 9 dudes in line on standby in case my financials collaspe, you know man like up from the usual 2 or three.

B. IT'S like all those people are freaking out dude, you know like a bad hair day with the interest rate going up on there credit cards dude !

C. WOW MAN that is really deep stuff !

D. Hey man like don't get weird dude ! 

E. There is this guy that is some kind of guru that wears this sea shell necklace and reads Fibonacci papers and all man, that predicts stuff and people lose money, take profit, have breakdowns (pull backs) and a lot of them get bounced a lot .

In being honest I must disclose that although I do not give financial advice, I may however with the appropriate mutual understanding of that I do not give financial advice and of course disclaimers, contracts etc..., be induced in a completely understood situation, meaning for amusement only  be willing to suggest certain , Long term trades to investors which I might have entered into on a short term basis, NO CHARGE !!!!!!!!!!

In particular besides any and everything else, I am not responsable for financial institutions financed by the fed selling everything at a loss you can ever dream of going long in and saving otherwise forced long, closed out shorts.

Leg 1 up as measured from th e low of 666.920 on 3/6/09 and the high of 719.60 of 3/10/09

produced  804.836 @ 2.618 , 890.81 @ 4.25 and 983 @ 6

To be valid as a 4th leg correction the ongoing retracement should not fall below 719.6, otherwise any retracement should be expected to be at least .618 under normal conditions and as much as .875 otherwise unless this turns into a complex correction, this could be a 3rd wave down in progress which should be followed by a 4th wave up before completion of the 5th wave down  between 761.47 and 708.66 in theory if I am correct. Other more complex possabilities exist including triangles, flat corrections etc...

This is by no means financial advice and I am a novice at best, but although

the general concept is doom and gloom I have found that a loose Elliot Wave count and supporting FIB. and FIB. RETRACEMENT NUMBERS, Will in most cases come in a lot more accurate than ANY professional.

The bulk of my experience is in fx trading, and I have found that if I take into consideration a professional trade plan and then evaluate this plan and find faults or get a negitive outlook, I am far better off to avoid such plans

however professional plans have been presented that although I choose to pass, do in fact occur exactly as stated. I think this market may be stronger than predicted by many experts, part of the pull back has been stated as "take profit", which is normal after a large gain, although a large retracement may occur afterwards.

Fib Retracements                               Assumed 1st leg down projection

.125 =785.41--------------------       1.618 = 777.08 

.214 = 773.36--------------------       2       = 771.12

.270 = 765.7766                                     2.27  = 766.9053

.382 = 750.60956                                 2.618 = 761.473

.5 = 734.63                                              4.25 = 735.9975

.619 = 718.6504                                      6.00 = 708.68 

.786 = 695.8998                                  

.875 = 683.8475

Bottom  @ 666.920  Extream Caution If S&P Exceedes the previous low, expect new lows

1st leg assumed as  being

802.340 high

786.73 low

In the event your father in law (the guy that saved you from being sacraficed at the last office party), does tell you to wife swap CDS , That is ok but

IF your father in law tells you to get into derivatives as well AND gives you the keys to an exclusive remote time share, an envelope full of money, a long weekend off and a bottle of sedatives as he is telling you that it is alright to talk to the stuffed parrakete at the time share, that it worked for him and says good luck !

Your butts in deep do do.

Now I remember why I dumped this stock before , It moves opposite of the market BUT !

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=MW&Date=20090317&ID=9702570&Symbol=BSQR

I gave it another try based on good reviews