Malyla's Account Talk

[malyla]

My targets on the emw have been hit(609) so I will make an exit today.

I think the market has more upside but the risk is large and I have been burned in the past staying in because of greed.

I have Sept-Dec to make more gains.

Good luck out there.

 

[malyla]

Well, I'm now off-board for the Elliott Wave ride down (thanks Uptrend).

My entrance point is 540 - 510 on the EMW, with 540 being the most likely.

My Elliott wave info source (along with Uptrend first) http://caldaro.wordpress.com/

I like Uptrend's counts more, but I do check out other counts from time to time including the fearless forecasters on tradertalk

 

[polarbear]

This is about the first time I have visited Malyla's thread. M's discussions and FireWeatherMet's are pretty meaty, it would take me some time to digest all of that. For now, 1) I read Tony Caldaro since 2007 or so, but one has to be careful with what anybody writes and not misinterpret it or let it sway you one way or another, just try to sift out the useful info from the rest, this includes all sources, 2) having bitten myself in the dubcza (doopcha) a few too many times, i.e., snatched defeat from the jaws of victory, I am serious about (1) and also I agree with Malyla, PATIENCE before Greed or itchiness, etc.

This is one wild mouse of a market, pessimistic panic followed by fairly giddy euphoria. It's about time for a smackdown IMO. We'll see.
I am waiting for int.iv to complete and int.v to start up. Best luck to all, including Birchtree, Go Gators! Hey, if you want some nice voodoo candles, go to La Aurora on W. Univ. Ave.

 

[Guest2]

Well, I'm now off-board for the Elliott Wave ride down (thanks Uptrend).

My entrance point is 540 - 510 on the EMW, with 540 being the most likely.

My Elliott wave info source (along with Uptrend first) http://caldaro.wordpress.com/

I like Uptrend's counts more, but I do check out other counts from time to time including the fearless forecasters on tradertalk

Always wise and a great read ta boot ! Thanks Malyla ! Uptrend has always been a strong resource ! The wave was one of many reasons I jumped ship as well ! Good Luck !

 

[Guest2]

Hate to root fer others to lose $$...but...
am hopin "Mr Elliot" gives us some nice buy in prices.
come September.
​

Your not root'n fer others to lose $$,,,,, yer hopin the Market goes down for a better buying opportunity, mon ! Good Luck comes in many forms. Don't Bogard it, Pass it down ! :nuts:​

 

[malyla]

Aye Malyla,
Me likes yer Elliot Wave reasoning,
Made some nice ganga stayin in thru Monday,
Was splittin my ganga between C and I funds,
Made up about half me losses but feel better waiting for lower buy ins next month,
than giving in to greed and wantin it all back now, like a tree made of birch,
Want to thank you for your graciousness in sharing yer charting info,
Hate to root fer others to lose $$...but...
am hopin "Mr Elliot" gives us some nice buy in prices.
come September.

​

Hey Mon... It has taken me three years of trying various systems to finally have a positive year (no negative months). TA seems to make sense to me this year. And as so many have said over and over again (Tom, JTH, Coolhand, etc...), it's important to take the emotion out of managing your retirement account. I didn't 'get' this until last Nov when I realized that I had to treat this more systematically and just look for small gains each month. This has had me in the G/F fund most of the year, but seeing the H&S pattern/correction has finally pushed my account above the 10% annual growth curve. Having small defined goals (10% annual growth) and a plan where emotions are out of the mix, seems to work for me this year. What's great about this system is that I made most of my gains this years from 8 days (5days + 3days) in stocks and I didn't obsess over the market as I was 'safe' most of the time. I will admit that I was below the 10% annual growth curve in 2009 due to not believing in that uptrend, but I also wasn't following TA back then. It is also likely that TA didn't work well while the FED was pumping in money via QE1 and QE2. The market has been behaving squirrelly for awhile now. I'm ok with finally finding a nut this year and realize that it may be awhile before I find another such nut in the future. Just following TA for now, but if QE3 happens, I at least have my nut for this year:laugh:

 

[malyla]

Always wise and a great read ta boot ! Thanks Malyla ! Uptrend has always been a strong resource ! The wave was one of many reasons I jumped ship as well ! Good Luck !

Thanks Squalebear.:embarrest:

Let's hope we all make some good money next month.

 

[malyla]

This is about the first time I have visited Malyla's thread. M's discussions and FireWeatherMet's are pretty meaty, it would take me some time to digest all of that. For now, 1) I read Tony Caldaro since 2007 or so, but one has to be careful with what anybody writes and not misinterpret it or let it sway you one way or another, just try to sift out the useful info from the rest, this includes all sources, 2) having bitten myself in the dubcza (doopcha) a few too many times, i.e., snatched defeat from the jaws of victory, I am serious about (1) and also I agree with Malyla, PATIENCE before Greed or itchiness, etc.

This is one wild mouse of a market, pessimistic panic followed by fairly giddy euphoria. It's about time for a smackdown IMO. We'll see.
I am waiting for int.iv to complete and int.v to start up. Best luck to all, including Birchtree, Go Gators! Hey, if you want some nice voodoo candles, go to La Aurora on W. Univ. Ave.

I've been aware of Tony Caldaro since about then as well, but I didn't start to focus on Elliott Wave theory until this year. I suspect that QE1 and QE2 made the patterns harder to interpret until recently. Good luck.

Just hit 700 posts - another 2 years and I'll be at 1000:laugh:

 

[malyla]

Did anyone else watch The Corbert Report on Tuesday night? Not only was it great seeing the last Shuttle crew again, but the one liner joke that ended the interview had me doubled over in laughter (would have said that I busted a nut laughing, but....):laugh:

 

[polarbear]

Re: QE1 and 2, you're right about that.

 

[malyla]

Scary....

http://www.trivisonno.com/sweatshop-1

Just who are these multinationals that are robbing the middle class to enrich their and their friends wallets/portfolio? If there is no king, are these the nobles run amuck (Really - who are these people?)? Already, 50% of Americans are at or below the poverty limit of $22K for a family of 4. Does anyone believe that a hungry, poor American would not work in a sweatshop if that was the only game in town? How high does the percentage of poor have to grow before Americans just roll over and let the institutions that were designed to provide a level playing field and protect the middle class be dismantled to enrich 5% of the riches humans on this planet?

I have seen dystopian movies about this kind of civilization fall. Just give us bread and circuses.....

p.s. This is a very dark spin on the issue of removing the minimum wage law from the books. Saipan is a far more complicated issue with a lot of it's own spin both good and bad. Companies will always look to lower their cost and labor is the biggest way to do that. So the real issue is whether the US middle class and economy would benefit from the lose of a minimum wage law. More employment but less money to spend lowers our economy, but maybe it's time for some other nation to be the economic leader of the world...

 

[SteelSaving]

So if the point is to make the world poor, who is left to buy the crap they produce?

 

[RealMoneyIssues]

Well FWM, at least we know who your hero is...

Been in my signature for a while:
"There is only one way to kill capitalism—by taxes, taxes, and more taxes." -Karl Marx

 

[RealMoneyIssues]

But I think you mis-interpret (or rather mis-understand) the reason why the corporations are doing what they are doing.

When was the last time the US was business friendly? Not a trick question...

 

[nnuut]

Marxism works as long as you don't run out of other Peoples Money, and so
far it doesn't work really never has worked and can't work.

 

[KevinD]

US gov't gives billions in tax subsides to oil companies.

Nice post FWM. Can you send me a link to more information on the oil subsidies? I don't want to jack Malyla's thread any more than I have to.

On the flip side of the same coin... Have you seen the last 20 minutes of the documentary "Inside Job?" You might want to re-think your hero avatar. :notrust: The conspirators have created the illusion of a 2 party system so we the people think we have a choice by throwing out one party and voting the other party in. One beast with 2 heads.

Sorry Malyla...

 

[malyla]

Nice post FWM. Can you send me a link to more information on the oil subsidies? I don't want to jack Malyla's thread any more than I have to.

On the flip side of the same coin... Have you seen the last 20 minutes of the documentary "Inside Job?" You might want to re-think your hero avatar. :notrust: The conspirators have created the illusion of a 2 party system so we the people think we have a choice by throwing out one party and voting the other party in. One beast with 2 heads.

Sorry Malyla...

Nothing to apologize for. I enjoy a simulating intellectual discussion :laugh:

I agree about the two party system, but corporations are not going to give their money to candidates they can't control and it's impossible to get elected to our highest offices, as it's set up now, without money. The lobbyist and congress have made sure the laws favor business as usual which is large corporate donations for favors. I love it when Steven Colbert points that out as he has done with his SuperPac money.

 

[RealMoneyIssues]

And the solution to all of that FWM is to tax the working and give it to the non-working... interesting, but it won't solve any issues... except drive the people who work out of the country and then you run out of other-peoples-money.

On one hand, I agree that we have too much corporate welfare. On the other hand, we are America, not Europe and if you want to have a guaranteed job, full health care, lifetime unemployment compensation, a 20 hour work week, a 10 month work year, then move to Europe. If you want to make America like Europe, that is where we differ and you will get a fight from me and millions like me.

Also, take a look back and see which parties were in the White House and Congress to make your discussion a little more fair. You blame everything on conservatives, make your argument more viable by actually blaming the party for the problems you say are all conservatives fault...

Edit: Oh yeah, forgot. Businesses are in the business to make money, not to provide a job, or become a tax base for your social welfare. If you want businesses to make money, don't create an environment where you are going to take more of their profits or over-regulate them (more regulations and restrictions cost money in case you forgot). If you create regulations that cost business money, they have to cut costs somewhere... typically in jobs.

 

[DakotaKid]

And the solution to all of that FWM is to tax the working and give it to the non-working... interesting, but it won't solve any issues... except drive the people who work out of the country and then you run out of other-peoples-money.

On one hand, I agree that we have too much corporate welfare. On the other hand, we are America, not Europe and if you want to have a guaranteed job, full health care, lifetime unemployment compensation, a 20 hour work week, a 10 month work year, then move to Europe. If you want to make America like Europe, that is where we differ and you will get a fight from me and millions like me.

Also, take a look back and see which parties were in the White House and Congress to make your discussion a little more fair. You blame everything on conservatives, make your argument more viable by actually blaming the party for the problems you say are all conservatives fault...

Edit: Oh yeah, forgot. Businesses are in the business to make money, not to provide a job, or become a tax base for your social welfare. If you want businesses to make money, don't create an environment where you are going to take more of their profits or over-regulate them (more regulations and restrictions cost money in case you forgot). If you create regulations that cost business money, they have to cut costs somewhere... typically in jobs.

First, FWM never said Conservative. Not once. He said US gov't multiple times but didn't specify a political party. You injected that.

Second... Holy Crap! I can't believe you said the part that I emphasized in bold... Who the hell wouldn't want a guaranteed job, health care, etc?? Are you kidding me? You say that like it's a bad thing!

I guess it's a difference in Morals?... I just can't wrap my head around your statement.

 

[RealMoneyIssues]

First, FWM never said Conservative. Not once. He said US gov't multiple times but didn't specify a political party. You injected that.

This is a long going discussion between FWM and myself, crossing multiple subjects and multiple threads. If you want to inject midway, then I could understand your confusion.

Second... Holy Crap! I can't believe you said the part that I emphasized in bold... Who the hell wouldn't want a guaranteed job, health care, etc?? Are you kidding me? You say that like it's a bad thing!

And who, do you think, will pay for all of that?

I guess it's a difference in Morals?...

Must be...