I wrote a post on friday talking about the importance of the SPY 111.38 level and how the last four times the operators have gapped the SPY either over/under the level. Well this morning looks like the operators are going to jump the creek again over the 111.38 level.
Now the opening tick will be interesting because of the co-relational 1/22/2010 open which was SPY 111.20 and the 2/19/2010 close which was 111.14. Remember the 1/21/2010 close was 111.70 so a open within .10 or .15 of 111.70 will fit the bill.
If you want to know why the country is going down the toilet and all the necessary reforms are not enacted, listen to Charlie Munger, Warren Buffett's right hand-man.
I don't think too many people are happily dancing through any of this! And it's never easy as far as I can tell! I'll let you know in 3 years if I know what I am doing 🙂
The people on Project Camelot are NOT insiders… they interview insiders like any journalist would on main stream TV. Their outlet is on the internet because main stream TV wouldn't be allowed to broadcast what they cover.
He was featured on Jesse Ventura new show called Conspiracy Theory Manchurian (http://www.youtube.com/watch?v=8YQsYj2ZFf4). It takes time for people to finally come to their senses, but it will happen with time.
The “insider's” are simply people that have come forward from different parts of the government, and other organizations, to tell the people at Project Camelot what is really going on.
Of course I don't agree or believe every witness, insider, or whistleblower, interviewed on the site, but I'm open to listen to others inside those various organizations.
I am not trying to make you feel bad at all. Nor was I commenting on your opinion on Red's work. Eventhough it is really none of my business, I just felt a bit concerned when it looked to me like someone is happily dancing through a minefield. If you know what you are doing, then disregard everything I said and forgive my intruding.
SC, where did this come from? I just appreciate Red providing free information, and liked his chart, think he is a caring person. I made a VERY stupid move by blowing 20K on an option trade. I appreciate your concern but I am already aware of my folly and don't really want someone to make me feel worse. I have a 6 figure account and I realize that a loss like that is inexcusable and I don't plan on trading options again before seriously understanding them. However, the way I see it, as a trader (or investor I suppose), you have to pick your time frame. I don't claim to be a day trader, I have too many obligations to focus on the day to day technicals nor do I think I would be any good at it- that is why I read blogs like Red's and others so I can accumulate and dissect the information and form my own conclusions about trends. I am so grateful that there are people like Red out there. While there are convincing bullish arguments, I feel that the bearish ones are more convincing, so i have stuck to my plan and will continue to do so until we reach new highs. NO ONE can predict the future and trading (or investing) involves serious RISK if you are taking a long term approach. I am willing to continue to take that risk and have my mental stops in place.
Do I agree with Red's non market theories? – perhaps not although I don't doubt that there is some manipulation of the markets going on. But, I don't care, his arguments are interesting and fun to read.
Again, I appreciate your concern but I have learned my lesson.
Red, those guys in that camerlot project whatever, are not 'insiders'. They are fringe elements of the society with delusion. They are not 'in' on anything. They are on the outside looking in. They can't hack it in their own field or profession.
There is no modern day Ninja. There are no 10,000 ninja assasins. And Japan does not have $5 trillion foreign reserve. Japan does not even like immigrants let along letting a whitey become Finance minister. It is all insane babbling of a mental patient.
A lot of Hollywood movies were written from information given to them by “insiders” in various parts of society. Steven Spielberg once quoted that he didn't make fiction movies. Hollywood has been given many scripts that were based on true events.
Yes, this is going a little off topic for this blog, so I won't go to far into it. I'll try to keep it related to corruption in the system, and such… I think we can all agree that “corruption” is real.
No. I just read his bio. His bio tells me there is no need to waste time on what he has to say. The whole crew missed their true calling in life. They should be writing fictions and scripts for Hollywood and make millions!!!
update 8:30est
SPY trading 111.55
I wrote a post on friday talking about the importance of the SPY 111.38 level and how the last four times the operators have gapped the SPY either over/under the level. Well this morning looks like the operators are going to jump the creek again over the 111.38 level.
Now the opening tick will be interesting because of the co-relational 1/22/2010 open which was SPY 111.20 and the 2/19/2010 close which was 111.14. Remember the 1/21/2010 close was 111.70 so a open within .10 or .15 of 111.70 will fit the bill.
That's an interesting read… funny, but poetic in how it describes America. Sad but true…
If you want to know why the country is going down the toilet and all the necessary reforms are not enacted, listen to Charlie Munger, Warren Buffett's right hand-man.
http://www.slate.com/id/2245328/pagenum/all/
I don't think too many people are happily dancing through any of this! And it's never easy as far as I can tell! I'll let you know in 3 years if I know what I am doing 🙂
The people on Project Camelot are NOT insiders… they interview insiders like any journalist would on main stream TV. Their outlet is on the internet because main stream TV wouldn't be allowed to broadcast what they cover.
The only person so far that has made it to main stream TV, that was first interviewed by Project Camelot, was Duncan O”Finioan (http://www.projectcamelot.org/duncan_o_finioan….).
He was featured on Jesse Ventura new show called Conspiracy Theory Manchurian (http://www.youtube.com/watch?v=8YQsYj2ZFf4). It takes time for people to finally come to their senses, but it will happen with time.
The “insider's” are simply people that have come forward from different parts of the government, and other organizations, to tell the people at Project Camelot what is really going on.
Of course I don't agree or believe every witness, insider, or whistleblower, interviewed on the site, but I'm open to listen to others inside those various organizations.
I am not trying to make you feel bad at all. Nor was I commenting on your opinion on Red's work. Eventhough it is really none of my business, I just felt a bit concerned when it looked to me like someone is happily dancing through a minefield. If you know what you are doing, then disregard everything I said and forgive my intruding.
SC, where did this come from? I just appreciate Red providing free information, and liked his chart, think he is a caring person. I made a VERY stupid move by blowing 20K on an option trade. I appreciate your concern but I am already aware of my folly and don't really want someone to make me feel worse. I have a 6 figure account and I realize that a loss like that is inexcusable and I don't plan on trading options again before seriously understanding them. However, the way I see it, as a trader (or investor I suppose), you have to pick your time frame. I don't claim to be a day trader, I have too many obligations to focus on the day to day technicals nor do I think I would be any good at it- that is why I read blogs like Red's and others so I can accumulate and dissect the information and form my own conclusions about trends. I am so grateful that there are people like Red out there. While there are convincing bullish arguments, I feel that the bearish ones are more convincing, so i have stuck to my plan and will continue to do so until we reach new highs. NO ONE can predict the future and trading (or investing) involves serious RISK if you are taking a long term approach. I am willing to continue to take that risk and have my mental stops in place.
Do I agree with Red's non market theories? – perhaps not although I don't doubt that there is some manipulation of the markets going on. But, I don't care, his arguments are interesting and fun to read.
Again, I appreciate your concern but I have learned my lesson.
Red, those guys in that camerlot project whatever, are not 'insiders'. They are fringe elements of the society with delusion. They are not 'in' on anything. They are on the outside looking in. They can't hack it in their own field or profession.
There is no modern day Ninja. There are no 10,000 ninja assasins. And Japan does not have $5 trillion foreign reserve. Japan does not even like immigrants let along letting a whitey become Finance minister. It is all insane babbling of a mental patient.
Why are you even listening to that bunch?
A lot of Hollywood movies were written from information given to them by “insiders” in various parts of society. Steven Spielberg once quoted that he didn't make fiction movies. Hollywood has been given many scripts that were based on true events.
Yes, this is going a little off topic for this blog, so I won't go to far into it. I'll try to keep it related to corruption in the system, and such… I think we can all agree that “corruption” is real.
No. I just read his bio. His bio tells me there is no need to waste time on what he has to say. The whole crew missed their true calling in life. They should be writing fictions and scripts for Hollywood and make millions!!!