Animated moments

What happened last week, and the week to come

http://www.financialsense.com/

Here's a great link to what happened last week and speculation of what will happen next week.
The news source takes a global analytical view of the current debt crisis. Some say it's a contrarian point of view, I say it's ahead of the curve. It does not matter if you are a single stock trader, bond guru, or boss hog pit trader, you still need a firm grasp of how markets relate to each other on a world economic level. Don't take my word for it, just ask George Soros.

PNL Today - 243 243 0 9831.41

Much better then yesterday! The profits were lower but fewer contracts traded. The weekend is here!

ES Z8 10-24-08

E-mini's traded up during US Hours competing with the malice and mayhem caused by European traders in the early morning hours. This little engine could not break the downward momentum caused by fear and indecisiveness! There was one attempt to break this downward trend, most likely caused by sellers buying back their contracts, at least I know I was. This upward momentum occurred at the 2:00 ET trading hour as sellers surged to get out of their positions before the weekend. No short term trader in their right mind would want to hold anything over the weekend! In this period of uncertainty, you will certainly be taking huge risks with whatever "plans' the BOE, ECB, and FOMC may have to unleash over the weekend. That is unless you know a guy that knows a guy named Fair, Triche, or Berneke

PNL Today - 417 417 0 12196.94

Riding the slope of bad decision making and billionaire bailouts. I didn't do as well as I anticipated. The monstrous emotion that is inside of us all started eating away of my profits. This same emotion got Bear and Lehman 2 tickets to the poor house. Greed, not only will it bite you in the ass, you will lose friends in the process. Life is about living well not making it harder for others to live. Don't be short sided, care about about your future as well as your neighbor. Our economy works better when we all are financially sound. Don't be greedy.

Here is my ES Z8 Chart for the day with limited regression resistance lines.

It's 3:37 in the A.M.

Good Morning Sunshine!

During the early morning hours where the losers are sleeping in their beds or with street hookers. I am up and ready observing our friends across the sea in the EU and UK. As it should be no surprise to anyone by now, the world is not doing so well with it's self-confidence! Take a look around at any stock market and your see more red then green. You might not even need to look far from home, just ask your fund manager, that is if they still have their jobs.

Do not put faith in something that is amoral as the market. It gives and takes without caring the least of your future.