Disqus - Latest Comments for tgarfield

Re: E-minis

tgarfield — Wed, 04 May 2011 10:17:06 -0000

let me guess P3?

Re: Irony in charting

tgarfield — Sun, 27 Mar 2011 18:09:44 -0000

Did you sell the rest of you r 132's? Don't they automatically exercise if you don't?

Re: Elliott Wave Update ~ 25 March

tgarfield — Sun, 27 Mar 2011 15:42:20 -0000

Markets are much more liquid than they were when Elliot developed Elliot wave. The more liquid, the less Elliot wave works. If you read Jessie Livermore he used to move stocks with 4000 shares. Elliot used charts from the 1800's to develop his strategy, which was before Livermore.

Re: Elliott Wave Update ~ 25 March

tgarfield — Sat, 26 Mar 2011 15:14:31 -0000

It's been in defaltion because it's currency has increased 300% - 400% against the US dollar over the last 30 years. THe Japanese marekt has not gone up but their buying power has.

Re: Elliott Wave Update ~ 25 March

tgarfield — Sat, 26 Mar 2011 15:00:50 -0000

For thousands of years, precious metals have lost value, what charts are you using?

Re: Elliott Wave Update ~ 25 March

tgarfield — Sat, 26 Mar 2011 14:39:15 -0000

The Treasury auctions off bonds to pay bills. Unless the US government starts running a surplus or stops paying bills they will continue to auction new bonds. To pay the bills you either use money you have, you borrow, or you don't pay.

The buying has been propelled from the federal reserve which is buying government debt (issued by the treasury). They do this by creating money and paying the government with it. This new money makes it's way into the economy (when the government pays bills) and is the reason for why the market does not fall. The FED is not issuing debt - they are buying it. They issue it by printing money.

Even if somehow the government did not increase the number of bonds they would probably roll the ones expiring to new bonds. IF they somehow could pay off the old bonds expiring without issuing new ones I will be looking out my window to see the pigs flying. Maybe they will but it is years down the road.

Bonds trade all day just like stocks except the bond market (corporations and government) is 10 times larger than the stock market. Older bonds still trade continuously and the only reason to watch new issues is to see what the demand is and how much can the market absorb.

Possible you do not understand how bonds work. Say a bond cost $100 and paid a 5% interest rate. That would be $5 a year. If you bought it for $90 you would still get $5 a year which would be 5.5% interest. if you paid $120 you would get 4.17% interest. Demand causes interest rates to drop. You also get a capital gain in that case.

So the answer to you question is, there are still billions and billions of dollars of bonds to trade whether or not new debt is issued. It trades all day long just like stocks. The big question is will there be enough buyers, after the FED finishes buying for the new debt coming and rolling the old debt?

Re: Elliott Wave Update ~ 25 March

tgarfield — Fri, 25 Mar 2011 23:04:34 -0000

That stops buying them, not auctioning them. The treasure sells them.

Re: TeleCharts2000 SALE EVENT (ENDS March 21st)

tgarfield — Thu, 17 Mar 2011 00:13:12 -0000

Good post but I don't think you had the storage in America correct, most is stored near plants.

"now we find that rather than store the waste materials underneath a big mountain like in western united states, that they decided last fall to store all the old materials in the facilities next to the working nuclear plants"

Yucca Mountian is not open for business.
http://www.energy.gov/envir...

http://www.treehugger.com/f...

Re: E-minis

tgarfield — Thu, 17 Feb 2011 17:31:08 -0000

Was 2000 near all time highs?
That's why it's not like it.

Re: Elliott Wave Update ~ 16 February

tgarfield — Wed, 16 Feb 2011 19:29:11 -0000

If the market doubles again will you be bearish all the way up?

Re: BAC about to fall off a cliff?

tgarfield — Thu, 06 Jan 2011 01:29:20 -0000

buy panic

Re: Elliott Wave Update ~ 10 December

tgarfield — Sat, 11 Dec 2010 00:42:10 -0000

not counting dividends of course

Re: E-minis

tgarfield — Sat, 04 Dec 2010 15:32:54 -0000

When what is over? The market? It's never over.

Re: E-minis

tgarfield — Sat, 04 Dec 2010 15:25:42 -0000

how come if you click pic and check your posts itg comes up with ronawsumb, wth post more recent than 45 days?

Re: Elliott Wave Update ~ 19 November

tgarfield — Sun, 21 Nov 2010 22:06:22 -0000

Unless oil drops.

Re: Elliott Wave Update ~ 18 November

tgarfield — Fri, 19 Nov 2010 01:18:19 -0000

That's the only thing I have ever read on a stock board that's right

Re: E-minis

tgarfield — Tue, 09 Nov 2010 14:45:48 -0000

what's a dump in percentage terms?

Re: E-minis

tgarfield — Mon, 08 Nov 2010 17:31:30 -0000

keep in mind they have said that since 1935. BGZ is a trade only. I trade it often as a hedge to longs. You can NOT hold triple or double ETF's on the wrong side of the trend. The losses from rebalancing can not be made up. Buy some leap puts if you really believe there is going to multiple limit down days. Right now 3 limit down days wouldn't get you to the hindenburg low.

Re: E-minis

tgarfield — Mon, 08 Nov 2010 15:24:29 -0000

Better to take huge huge losses on a triple inverse ETF that has no possible chance of going back to it's highs becuase of rebalancing, than to buy a stock paying a dividend.

Re: E-minis

tgarfield — Mon, 08 Nov 2010 08:59:42 -0000

any week for the last 15 months.

Re: Elliott Wave Update ~ 5 November

tgarfield — Sun, 07 Nov 2010 21:04:14 -0000

Housing always crashes after it bubbles.
Credit card interest rates are alwyas high.
Market seems to be doing what it always does. Market is not high, it's about the middle of the last ten years. Why is that high?

Re: Elliott Wave Update ~ 5 November

tgarfield — Sun, 07 Nov 2010 19:42:17 -0000

market did nothing but go after that.

Re: Elliott Wave Update ~ 5 November

tgarfield — Sun, 07 Nov 2010 19:41:42 -0000

Just like they did when the market was falling.

Re: Elliott Wave Update ~ 5 November

tgarfield — Sun, 07 Nov 2010 10:47:24 -0000

US dollar is in P3. For good reason.

Re: Elliott Wave Update ~ 5 November

tgarfield — Sun, 07 Nov 2010 01:09:21 -0000

A lot of people do. I hear it quoted all the time.