PLEASE READ THE DISCLAIMER AT THE BOTTOM OF THIS PAGE WHICH APPLIES TO ALL CONTENT IN THIS BLOG AS WELL AS ANY OTHER MATERIAL FROM WE ARE FUTURES TRADERS LLC. READING ANY CONTENT BELOW CONSTITUTES AN AGREEMENT BY ALL READERS THAT THEY HAVE READ AND AGREE TO ALL THAT IS SET FORTH IN THE DISCLAIMER AT THE BOTTOM OF THIS PAGE.
Wednesday, June 16, 2010
Here is a trade I am trying to get into today, a short in GOLD. We have a long ways to travel to reach my entry point, but you just never know. Since the majority of the action happens overnight nowadays it is doubtful this will move enough during the day for the order to be executed. We have quite a bit of divergence here on the trend oscillator, a 3 point divergence. When we couple that with the daily picture, which is a market setup for a decline, it is a trade I have to take a swing at.
I have mentioned in recent weeks that we have had commercial selling and more importantly, Small Speculator buying again reaching close to the levels we had prior to the last top. As a result, I am not running out looking to sell, but I am on the lookout for sell patterns. This is one. If we go sideways to up without breaking here for a few more days, this setup on a short term basis may be invalidated.
We have certainly had a nice run upward in stocks, and even though we have pre-opening weakness today, I do not expect to see any major declines.
You can see very strong upward momentum in both the accumulation/distribution indicators, as well as the trend oscillator. This should mean that pullbacks are buys in the indexes and individual stocks. I still think the overall trend is down, and on a weekly basis I am looking for a sell to setup on this rally, but so far there is not a signal on this chart to short this.
Next is a chart of the EURO and you can see why I was bullish on this market at the lows. We have a 3 point divergence in the trend oscillator. It occurred at a time with record commercial buying, hence for me an obvious look to the long side. I would not buy it here now, but dips should be buys here.
This is an off topic subject, but more important than anything I have ever posted in this blog. If by chance you know anyone who is suffering from cancer, investigate this natural supplement. I am a nutrition and fitness nut, so taking products like this has been part of my daily life for a very long time. However, that is not the case for most people. I have not even had a cold in so long I cannot remember. My wife gets food poisoning, I eat the same thing and never miss a beat. Why am I mentioning this?
One of my dogs was diagnosed with terminal bone cancer and "was" deteriorating so quickly that on two different occasions I had made appointments to say goodbye to him. He was limping so severely that it was becoming obvious to me that he was suffering too much. I had been on a mission to save him trying every single natural product I knew of or found, no effects. One day I went in to the office of the Nutritional company I buy my products from, ROEX in Irvine, California. I know the family well that owns this company, so I know the whole operation and the level of quality they have in making their products.
The receptionist happened to tell me that they had a client who had cured his dog of terminal cancer by giving him 4 ROEX products, all of which I have taken myself for years. They were not among the things I had tried, so I decided to take one last shot at this just to see if anything happened. A MIRACLE HAS HAPPENED. The very next day his walking was improved 50%, beyond incredible. Now about a month later he runs around like nothing is wrong, and the swelling that was in his joint where the cancer was growing is gone. I have no idea how to explain this when radiation and every other thing including maxing out pain medications had no effect at all. He has no signs whatsoever of the illness at this point. I do not know of a single case where this disease has been cured.
You can be sure that if this continues onward, I will make it my mission to get this story out so others can benefit. What has happened already is proof that this product is effective in treating cancer, with no side effects. It is a natural supplement. I have found during my studies that there have been some instances of cancer cells being completely eliminated by Oleuropin in 9 to 12 days, and I think that has happened here. There is simply no other explanation at all for this. Also, I discovered that a major Pharma company tested this against multiple forms of cancer 10 years ago, and it killed every one of them. However, since it is a natural substance it could not be patented. They tried to modify it so that it could be, and the variations were ineffective, so they WALKED AWAY FROM IT. No money no interest. They are interested in $$ not saving lives.
I don't make it a practice to give out advice on matters such as this, but I do think it is imperative to help others whenever I can. If for some reason anyone reading this can benefit from this, even if it is just one person, it was worth stating this.