Sunday, April 05, 2009

Sisters of mercy

Oh the sisters of mercy, they are not departed or gone.
They were waiting for me when I thought that I just can't go on.
And they brought me their comfort and later they brought me this song.
Oh I hope you run into them, you who've been traveling so long.

Leonard Cohen

Just as there is a difference between dreaming and living, there is also a difference between forecasting and trading. Please keep this in mind as I post these pieces, obliquely ranging between two dimensions. Observations are nothing, without the patience and discipline to allow these patterns to mature. The casino is unforgiving, the payoffs elusive. Persistence collects an untimely reward.

Above the Daily VIX. Tracked with perfection by the False Bar Stochastic. BUY the tops, SELL the LOWS, ignore the drizzle that follows the storm.

Below the weekly forecast chart of market, still tracing out it's complex 4th Wave. Just bars away from an FBS Sell.

Follow the FBS beneath the previous Wave 2 rally. Look at it today. Bring out that patience, stowed away for a rainy day.

By special request, a look at Gold:

The forecast and trend say lower. Maybe a few days up to shake the weak hands first.

Well they lay down beside me, I made my confession to them
They touched both my eyes and I touched the dew on their hem.
If your life is a leaf that the seasons tear off and condemn
They will bind you with love that is graceful and green as a stem.



Anonymous said...

Oh please. I'm tired of losing money following your "it's gonna sell off" forecasts. Any birdbrain can tell you a sell off is coming soon considering how much upside the market has seen in so short a time.

Anonymous said...

I agree. I think this rally off the low is very the end. I'm hoping for one more rally into the 8108 to 83-something area.

The market has opened lowers, but I'm hoping it will bounce and we'll see a new high early this week.

I think anyone who has any sense of how the economy works is leaning toward the bearish side. All this spending, borrowing and printing of money will bring the economy down sooner or later. It is very difficult to be long, when you know ultimate the economy is doomed.

I'm long now, and will be out somewhere above 8108.