Malyla's Account Talk

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SteelSaving said:
Although I agree with the last few points you typed out from Brin, I still find it hard to back a person who singles out Fox News as THE issue with the news that comes into our homes. These days, we easily get 100's of channels streaming in, yet the intelligent ones of our society seem to turn away from television more and more (a good bill to no longer have to pay). It isn't just Fox passing along these talking points. The left has their share of puppet masters as well.
I do hope my generation can fix this mess without violence, it is actually something I believe must happen. But the way we are desensitizing ourselves, I can't be too sure.
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Hmmm ... agreed, the intelligent ones (actually, the thoughtful ones -- not sure intelligence has anything to do with it) have turned away from and get their information from sources other than TV. That's definitely a good thing. And granted, there are certainly a number of liberal talking heads out there. But they have only appeared in recent years (mostly on MSNBC) whereas Rush and his copycats have been at it now for decades, and they (the liberal talking heads) are vastly outnumbered -- not to mention vastly behind in market share (viewership). The question I would ask: does the fact that there are liberal talk show hosts make Fox right? Maybe instead of debating whether the news media left or right are better, we should all be a little more thoughtful about the information our so-called news media put out there. That's a subject unto itself though.

Malyla, sorry for hogging your thread ... I'll start my own some day when I feel I've learned enough about trading to make meaningful observations.
 
People claim Rush and his ilk was a response to the way things were before. When there was no competition except between the big 3. Not being around back then I couldn't go on further then that. For those that were, feel free to debate it.

I take all media, but especially TV, as having one goal in mind: dollars. How do they get dollars? Advertising. How do they get advertising? By proving they can bring the most people into their channel. That's all it is.
No, the left being wrong does not make the right being wrong ok. My only point was that I find the Fox bashers to be incredibly lazy or inherently partisan. If you want to whine about Fox being slanted to the right, then you must feel the same way about MSNBC, right? If not, then quit whining about it.

The best you can do is take as much in from all sides and filter out the noise. Use the noggin you've been building since birth to find your own answers. And don't be afraid to admit you're wrong or just plain do not know.
 
SteelSaving said:
People claim Rush and his ilk was a response to the way things were before. When there was no competition except between the big 3. Not being around back then I couldn't go on further then that. For those that were, feel free to debate it.

I take all media, but especially TV, as having one goal in mind: dollars. How do they get dollars? Advertising. How do they get advertising? By proving they can bring the most people into their channel. That's all it is.
No, the left being wrong does not make the right being wrong ok. My only point was that I find the Fox bashers to be incredibly lazy or inherently partisan. If you want to whine about Fox being slanted to the right, then you must feel the same way about MSNBC, right? If not, then quit whining about it.

The best you can do is take as much in from all sides and filter out the noise. Use the noggin you've been building since birth to find your own answers. And don't be afraid to admit you're wrong or just plain do not know.
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hooyah.
 
Khotso said:
Hmmm ... agreed, the intelligent ones (actually, the thoughtful ones -- not sure intelligence has anything to do with it) have turned away from and get their information from sources other than TV. That's definitely a good thing. And granted, there are certainly a number of liberal talking heads out there. But they have only appeared in recent years (mostly on MSNBC) whereas Rush and his copycats have been at it now for decades, and they (the liberal talking heads) are vastly outnumbered -- not to mention vastly behind in market share (viewership). The question I would ask: does the fact that there are liberal talk show hosts make Fox right? Maybe instead of debating whether the news media left or right are better, we should all be a little more thoughtful about the information our so-called news media put out there. That's a subject unto itself though.

Malyla, sorry for hogging your thread ... I'll start my own some day when I feel I've learned enough about trading to make meaningful observations.
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No worries Khotso. You stated what I was going to comment on and saved me the trouble of pointing out the logic hole in naming those three mostly unheard voices and the use of those names to try to give FOX credibility. Thanks and I agree that it is up to each person to thoughtfully analysis the news media's talking points for spin and validity.

Thank Aireman - I don't watch MSNBC or any channel that requires me to lower the volume so as to not disturb my neighbors so I haven't heard Ed Schultz at all. The last time I watched CNN was the Gabrielle Giffords shooting and before that I hadn't watched since 9/11. I now never watch FOX after the attacks during the 2000 campaign and the defense of the worst administration in modern US history. Fox's attacks on those voices for moderation was brutal and mean spirited and unlike anything I have ever seen before outside of Russian literature.

So I read papers, internet news, blogs, and watch some national news (PBS and major networks) always with my mind open to the message that may be under the spin. I have stopped hoping that the news is right and all is well and have become a realist. Dick C's ultra paranoia helped that process as how many times does it take buying ducktape and plastic sheeting with no obvious need before one stops trusting that someone else knows what they are talking about? Time to think for ourselves. It's exhausting and scary as we now must take responsibility for our own conclusions, but it is the saner approach than listening to the authoritarian nutters out there telling us either the sky is falling or that we are protected by giving up our freedoms.

Alevin - Thanks for the link. That was sobering article. I'm still digesting the ramifications and solutions, however, just as it will take decades of zero-carbon emissions to slow down and stop the climate change ocean liner, how does one reverse globalization quick enough to help this and the next few generations?

SteelSaving - There is a myth out there that FOX was just compensating for the 'liberal bias' of the network news organizations during their build up years in the 1990s. I haven't found that to be true. What I saw was a religious right (fundamentalist) who were unhappy that they were not getting more coverage on the national stage. These extreme organizations such at the Moral Majority and others found a willing platform with FOX for airing their ideology and FOX grew as the home of the radical network willing to show the extremes of modern life. Where the religious rhetoric has been toned down, Fox's news legacy is still the spin and punditry of these far right ideals now embodied in the Tea Party platform. I know the audience (many family members) for FOX news and I understand some of the ideals they are trying to preserve, but the methods are odorous and full of lies and half truths. You can imagine the discussions at my family reunions when I challenge those methods and talking points.
 
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To some of our newer members regarding politics: I enjoy a good political discussion as much as the next guy but unfortunately not everybody is able to do it civilly. We've been there, done that. A couple of years ago members were banned for being abusive to each other, name calling, etc. It got ugly at times. We decided to move all of the political discussions over to a new forum called beltwaytalk.com so as not to pollute TSP Talk with angry, bitter political discussion.

As long as things remain civil, I won't have a problem, but at some point someone is probably going to chime in and things will take a turn for the worse. Just remember that in case you see it. If you believe someone is breaking the rules, please Report the post(s) to us so we can stop it before things get out of hand.

http://www.tsptalk.com/mb/showthread.php?3295-Rules-Guidelines-and-TOS

Thanks!
 
tsptalk said:
To some of our newer members regarding politics: I enjoy a good political discussion as much as the next guy but unfortunately not everybody is able to do it civilly. We've been there, done that. A couple of years ago members were banned for being abusive to each other, name calling, etc. It got ugly at times. We decided to move all of the political discussions over to a new forum called beltwaytalk.com so as not to pollute TSP Talk with angry, bitter political discussion.

As long as things remain civil, I won't have a problem, but at some point someone is probably going to chime in and things will take a turn for the worse. Just remember that in case you see it. If you believe someone is breaking the rules, please Report the post(s) to us so we can stop it before things get out of hand.

http://www.tsptalk.com/mb/showthread.php?3295-Rules-Guidelines-and-TOS

Thanks!
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Thanks Tom and you are right. This discussion (partly my fault) has veered away from the original subject of the debt ceiling and taxation of the top 1% all tied to the economy. It was a good discussion though and I thank everyone for their inputs and self control.
 
malyla said:
If tomorrow is down in the morning, I will consider going in for a 4% rally.
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Malyla,

Just cause Tom put out the warning flag doesn't mean you have to go back to talking about the market! Geez, a lot of us were thoroughly enjoying the discussion! I will gladly stay on the outside looking in on almost all of the conversations except to point out that to thoroughly understand any issue you have to listen to both sides and try to understand their perspective(s). As for what news source to watch/listen to do this...all of them, especially overseas markets looking at our sillyness from the outside! It is amazing how if you watch BBC (not the BBC in America) they will point out very pertinent US issues that our press doesn't even touch.

Best of luck on the bounce you are looking for!
 
Mcqlives said:
Malyla,

Just cause Tom put out the warning flag doesn't mean you have to go back to talking about the market! Geez, a lot of us were thoroughly enjoying the discussion! I will gladly stay on the outside looking in on almost all of the conversations except to point out that to thoroughly understand any issue you have to listen to both sides and try to understand their perspective(s). As for what news source to watch/listen to do this...all of them, especially overseas markets looking at our sillyness from the outside! It is amazing how if you watch BBC (not the BBC in America) they will point out very pertinent US issues that our press doesn't even touch.

Best of luck on the bounce you are looking for!
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LOL - I didn't post the market trade I would do tomorrow because I was scared off. I posted because we hit 520 on the EMW which was what I was expecting as a short term bottom. Unfortunately, for reasons I have no clue about, the market had a major rally in the last 30 minutes and my projections are now wrong.

I did realize after rereading my last political post that I let my disgust with the 24 hours news stations get the better of me and started using some inflammatory language to illustrate that disgust over the coverage of certain political groups (well one administration and all the other political cowards on both sides who didn't want to look unpatriotic - uh, there it is again....:cheesy:). I guess that video "Everything is OK" made me angry as I did fall for some of the scare tactics over the last 10 years and hate feeling the fool. So, for all those who have a different opinion, thank you for sharing that opinion in a civil manner. We all have the shared experiences of being citizens of this amazing country during some extraordinary times. As long as we can be civil in our discourse, I believe we will overcome the issues of the day for the betterment of all (really!). Hugs for everyone! [I couldn't find the original post but I think the video below is the one I watched]

I listen to BBC radio most mornings and love their extended coverage on complicated issues. I have also just found (a few months ago) the CCN International cable station which also has some great 'looking in from the outside' stories that concern us. Anyone remember what was the preoccupation of the cable news station before Sept 11, 2001? It was almost excursively about the stock market and the celeb scandal of the day. Now it seems to be the economy and the GOP race. Sarah should make it interesting although I would have liked a lawyer turned politician instead of a beauty queen turned politician as the first woman president:D:embarrest::sick: huh...lol

http://www.youtube.com/watch?v=iCbOSrU0FmY
 
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FireWeatherMet said:
The reason for the rally was that the European Finance Ministers were near completion of "a plan".
....
I think your original Elliot Wave theory and target price around 1050 on the S&P might be a really good one to keep in mind. I've hear a lot of those on CNBC mentioning that number, even after the late day rally.
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Well, I reanalyzed my charts and realize why I missed this expected bounce. I was expecting an over reaction below the 540 (EMW) to 520. Well it went to 540 and I missed the IFT signal due to the noon deadline for our IFT. Then Tuesday I saw the market back to the levels (530s) at noon that it was on monday at close and decided to wait as the risk seemed high that this was the expected 10% bounce (it was). If I had jumped in on tuesday, I still would have missed the majority of the uptrend but I would have had the 4% I look for in a trade and I would have left today (cob prices). Today is showing weakness and it looks like, as of now, that the 4% gain will hold. Oh well, under the rules we have and with the volatility in the market, I will miss some gains. Congrats to all of you who caught this one.

I am expecting the market to go lower in the next few weeks.

smallcapsOct3_7_2011.JPG
 
You will have an entry point. I am expecting it to go lower next week and then some. A pullback. It doesn't move in a straight line. Last week I got a lesson in a short bounce. That was a **short** bounce. Should have gotten out on Tuesday, didn't, so I needed to deal with the ups and downs that transpired afterward. Read Tom's market commentary this morning. It looks like some weakness is developing or culminating that should make the mkt go down lower. Add to that the mysterious vagaries of movement in Europe. CNBC TV this morning commented on that, to say, we hemmed and hawed before taking some medicine here in the US in 2008 and something similar is happening in Europe right now. You're not going to have many volunteers to take haircuts. I would say, the sitution in Europe is going to get interesting before it gets uninteresting, so I think we will have an end-of-year rally, but not straight up.

But one of Tom's recent posts shows a statistical analysis that suggest that next week or next month there could be a nice gain at some point.
 
malyla said:
Well, I reanalyzed my charts and realize why I missed this expected bounce. I was expecting an over reaction below the 540 (EMW) to 520. Well it went to 540 and I missed the IFT signal due to the noon deadline for our IFT. Then Tuesday I saw the market back to the levels (530s) at noon that it was on monday at close and decided to wait as the risk seemed high that this was the expected 10% bounce (it was). If I had jumped in on tuesday, I still would have missed the majority of the uptrend but I would have had the 4% I look for in a trade and I would have left today (cob prices). Today is showing weakness and it looks like, as of now, that the 4% gain will hold. Oh well, under the rules we have and with the volatility in the market, I will miss some gains. Congrats to all of you who caught this one.

I am expecting the market to go lower in the next few weeks.

View attachment 15647
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Wow! Today is really looking bad. I'm feeling better about missing this three day rally (only two of which would have been profited from).

Need to look at my next entry level. Stay tuned:)
 
FireWeatherMet said:
Hope you don't mind me polluting your thread with my own analysis, but would like to know what you think on it.

Well, at the risk of sounding too much like Birch...I might have to swallow some crow and shift gears/ways of thinking about this market.

When I posted here a week ago, I was probably more in the theoretical Elliot Wave mode, or more inclined to fllow exact definitions of Bear Flag downturns, where we look at the original plunge...take that as the flag pole...then tack it on to the top of the bear flag to get our "bottom".
However, the big "macro picture" for when this downturn would end was by all experts defined as:

1) When will Euro Zone/Greece solution be offered.
2) Whether US is headed for Recession.

.....
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Sorry for the delay. Real life is hectic.

The elliott wave is still in play and the end of the 5th wave happened at EMW 530ish. I missed the uptrend start and got too busy to take the risk for the rest of it, but I believe this up wave is exhausted. I need to look at the charts and see how the next pattern will form but we should have a down wave for today and Friday - JMO.

When I get some free time, I'll post the wave patterns.
 
quote_icon.png
Originally Posted by Birchtree
The young lack wisdom.
quote_icon.png
Originally Posted by malyla
...and the old lack flexibility:D
quote_icon.png
Originally Posted by bquat
I'll take wisdom over flexibility any day of the week :D


This has been peculating in my head for a while now. Is wisdom always better?

I would say no! When wisdom becomes hidebound, unable to move beyond traditional morays to meet the present circumstances, then NO wisdom does not trump flexibility. Lets face it, everyone who lives in this technical age is wise beyond anyone who lived 30 years ago including themselves. The fact that information is just a click away on a computer or your smart phone makes us wiser in instant knowledge and the ability to get various interpretations on that knowledge than we ever could 30 plus years ago. That knowledge is power and we have entered an era of enhanced spin on that instantaneous knowledge retrieval. The cult of personality can not survive this world of instant information retrieval and only control of that knowledge can provide the control that many wish to have over the populace. Discrediting the free sources of information available is just one means of control for dissemination of information. When wisdom is couched as an adherence to tradition (father knows best) or a 'respect your elders' (really! why are we in this mess now?), then wisdom fails to advance the human experience and flexibility to change and new ideas will win the day.

If I was to bet on who would win in this era of corporate selfishness, the Tea Party or the Occupy Wall Street, I would vote for flexibility and that tells me OWS would win.


On the markets, Uptrend has posted my interpretation before I could get it together. Wave C will be higher than wave A. Pick your buy in point. - Major props to Uptrend!
 
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quote_icon.png
Originally Posted by malyla

Lets face it, everyone who lives in this technical age is wise beyond anyone who lived 30 years ago including themselves. The fact that information is just a click away on a computer or your smart phone makes us wiser in instant knowledge and the ability to get various interpretations on that knowledge than we ever could 30 plus years ago.


RealMoneyIssues said:
Information availability doesn't make one wise, only informed... There is a distinct difference.
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Explain the difference! Wisdom requires knowledge, not spin.
 
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