Happy Haloween....

Ok, so remind me again what the heck does the Easter Bunny have to do with Haloween again???

'Twas the night before elections

'Twas the night before elections,
And all through the town,
Tempers were flaring,
Emotions all up and down!

I, in my bathrobe,
With a cat in my lap,
Had cut off the TV,
Tired of political crap.

When all of a sudden
There arose such a noise,
I peered out of my window
And saw Obama and boys.

They had come for my wallet,
They wanted my pay,
To give to the others,
Who had not worked a day!

He snatched up my money,
And quick as a wink,
Jumped back on his bandwagon,
As I gagged from the stink.

He rallied his henchmen,
Who were pulling his cart,
I could tell they were out
To tear my country apart!

'On Fannie, on Freddie,
On Biden and Ayers!
On Acorn, On Pelosi'
He screamed at the pairs!

They toward his cause
And as he flew out of sight,
I heard him laugh at the nation
Who wouldn't stand up and fight!

So I leave you to think,
On this one final note -
IF YOU DONT WANT SOCIALISM,
GET OUT AND VOTE!!!

The new Presidental Cabinet

Hey Babs,
Thanks for the kind words. The notion that, ‘people who need people, are the luckiest people in the world’, could not be truer, and by the way, one of my favorites, of all your songs.
Appreciate the offer of looking after the girls if Michelle and I decide to have a quiet evening, once I become POTUS.To tell you the truth, I’m going to add a few things to the Vice President’s job description. I think Joe “The Babysitter” would be a great job for my VP. My eldest daughter is about the same age I was, when Joe was first elected to the Senate. You know Joe, he can tell some whoppers, which will be good entertainment for the girls.

Let me think about your request of being Ambassador to the Vatican. Hillary sorta hinted that she might like it, figuring Bill wouldn’t be likely to get into old habits (no pun intended) if he was surrounded by all those religious types, if you know what I mean. I think Jeremiah Wright was also talking about that post but I’ve got to admit, after listening to him for some 20 odd years I still don’t always hear or understand him.

Thanks for the suggestion of Jack Bauer for Secretary of Homeland Security but I think he’s still under contract to shoot more episodes of 24.Don’t forget that’s FOX, I don’t have a lot of time for that network, as you know.

I’ve got some ideas for my cabinet and other positions in my administration which I’d like to share FOR YOUR EYES AND NOSE ONLY:

Attorney General: Judge Mathis or Judge Judy
Secretary of Agriculture: A. Corn
Secretary of Commerce: Tony Rezko
Secretary of Defense: William ‘Refrigerator’ Perry – Da Bears
Secretary of Education: William Ayers
Secretary of Energy: Mayor Daley –he died in 1976 but he’s still on the voter registration
Secretary of Health & Human Services: Smokey Robinson
Secretary of Homeland Security: The New York Times
Secretary of Housing & Urban Development: Tina Fey – just to stir McCain’s ‘plumbing’
Secretary of Interior: Martha Stewart
Secretary of Labor: Fannie May
Secretary of State: Sean Penn – the only one to go mano-a-mano with Hugo Chavez
Secretary of Transportation: Ralph Kramden
Secretary of Treasury: Freddie Mac
Secretary of Veterans Affairs: Gov. James E. McGreevey
Chief of Staff: Jay Silverheels – “That right, Kemo Obama”
Environmental Protection Agency: Al Gore – who else could fill that carbon footprint
National Drug Control: Dennis Rodman

Let me know what you think. The ‘American Idol’ DVD really helped me build this campaign to where it is, thanks again.
Barack

JAB

Obama wants a redistribution of wealth......

Today on my way to lunch I passed a homeless guy with a sign that read 'Vote Obama, I need the money.' I laughed.

Once in the restaurant my server had on an 'Obama 08' tie, again I laughed as he had given away his political preference--just imagine the coincidence.

When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was grateful.

At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more.

I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.

PLEASE VOTE

The well driller........

Corey Miller Well Driller
Posted on Wednesday, October 22, 2008 4:04:07 PM by Vob

Mr. Obama,
Given the uproar about the simple question asked you by Joe the plumber, and the persecution that has been heaped on him because he dared to question you, I find myself motivated to say a few things to you myself. While Joe aspires to start a business someday, I already have started not one, but 4 businesses. But first, let me introduce myself. You can call me 'Cory the well driller'. I am a 54 year old high school graduate. I didn't go to college like you, I was too ready to go 'conquer the world' when I finished high school. 25 years ago at age 29, I started my own water well drilling business at a time when the economy here in East Texas was in a tailspin from the crash of the early 80's oil boom. I didn't get any help from the government, nor did I look for any. I borrowed what I could from my sister, my uncle, and even the pawn shop and managed to scrape together a homemade drill rig and a few tools to do my first job. My businesses did not start not a result of privilege. It is the result of my personal drive, personal ambition, self discipline, self reliance, and a determination to treat my customers fairly. From the very start my business provided one other (than myself) East Texan a full time job. I couldn't afford a backhoe the first few years (something every well drilling business had), so I and my helper had to dig the mud pits that are necessary for each and every job with hand shovels. I had to use my 10 year old, 1/2 ton pickup truck for my water tank truck (normally a job for at least a 2 ton truck).
A year and a half after I started the business, I scraped together a 20% down payment to get a modest bank loan and bought a (28 year) old, worn out, slightly bigger drilling rig to allow me to drill the deeper water wells in my area. I spent the next few years drilling wells with the rig while simultaneously rebuilding it between jobs. Through these years I never knew from one month to the next if I would have any work or be able to pay the bills. I got behind on my income taxes one year, and spent the next two years paying that back (with penalty and interest) while keeping up with ongoing taxes. I got behind on my water well supply bill 2 different years (way behind the second time... $80,000.00), and spent over a year paying it back (each time) while continuing to pay for ongoing supplies C.O.D.. Of course, the personal stress endured through these experiences and years is hard to measure. I do have a stent in my heart now to memorialize it all.
I spent the next 10 years developing the reputation for being the most competent and most honest water well driller in East Texas. 2 years along the way, I hired another full time employee for the drilling business so that we could provide full time water well pump service as well as the well drilling. Also, 3 years along the path, I bought a water well screen service machine from a friend, starting business # 2. 5 years later I made a business loan for $100,000.00 to build a new, higher production, computer controlled screen service machine. I had designed the machine myself, and it didn't work out for 3 years so I had to make the loan payments without the benefit of any added income from the new machine. No government program was there to help me with the payments, or to help me sleep at night as I lay awake wondering how I would solve my machine problems or pay my bills. Finally, after 3 years, I got the screen machine working properly, and that provided another full time job for an East Texan in the screen service business.
2 years after that, I made another business loan, this time for $250,000.00, to buy another used drilling rig and all the support equipment needed to run another, larger, drill rig. This provided another 2 full time jobs for East Texans. Again, I spent a couple of years not knowing if I had made a smart move, or a move that would bankrupt me. For the third time in 13 years, I had placed everything I owned on the line, risking everything, in order to build a business.
A couple of years into this, I came up with a bright idea for a new kind of mud pump, a fundamentally necessary pump used on water well drill rigs. I spent my entire life savings to date (just $30,000.00), building a prototype of the pump and took it to the national water well convention to show it off. Customers immediately started coming out of the woodworks to buy the pumps, but there was a problem. I had depleted my assets making the prototype, and nobody would make me a business loan to start production of the new pumps. With several deposits for pump orders in hand, and nowhere to go, I finally started applying for as many credit card as I could find and took cash withdrawals on these cards to the tune of over $150,000.00 (including modest loans from my dear sister and brother), to get this 3rd business going.
Yes, once again, I had everything hanging over the line in an effort to start another business. I had never manufactured anything, and I had to design and bring into production a complex hydraulic machine from an untested prototype to a reliable production model (in six months). How many nights I lay awake wondering if I had just made the paramount mistake of my life I cannot tell you, but there were plenty. I managed to get the pumps into production, which immediately created another 2 full time jobs in East Texas. Some of the models in the first year suffered from quality issues due to the poor workmanship of one of my key suppliers, so I and an employee (another East Texan employed) had to drive across the country to repair customers' pumps, practically from coast to coast. I stood behind the product, and made payments to all the credit cards that had financed me (and my brother and sister). I spent the next 5 years improving and refining the product, building a reputation for the pump and the company, working to get the pump into drill rig manufacturers' product lines, and paying back credit cards. During all this time I continued to manage a growing water well business that was now operating 3 drill rig crews, and 2 well service crews. Also, the screen service business continued to grow. No government programs were there to help me, Mr. Obama, but that's ok, I didn't expect any, nor did I want any. I was too busy fighting to make success happen to sit around waiting for the government to help me.
Now, we have been manufacturing the mud pumps for 7 years, my combined businesses employ 32 full time employees, and distribute $5,000,000.00 annually through the local economy. Now, just 4 months ago I borrowed $1,254,000.00, purchasing computer controlled machining equipment to start my 4th business, a production machine shop. The machine shop will serve the mud pump company so that we can better manufacture our pumps that are being shipped worldwide. Of course, the machine shop will also do work for outside companies as well. This has already produced 2 more full time jobs, and 2 more should develop out of it in the next few months. This should work out, but if it doesn't it will be because you, and the other professional politicians like yourself, will have destroyed our countrys’ (and the world) economy with your meddling with mortgage loan programs through your liberal manipulation and intimidation of loaning institutions to make sure that unqualified borrowers could get mortgages. You see, at the very time when I couldn't get a business loan to get my mud pumps into production, you were working with Acorn and the Community Reinvestment Act programs to make sure that unqualified borrowers could buy homes with no down payment, and even no credit or worse yet, bad credit. Even the infamous, liberal, Ninja loans (No Income, No Job or Assets). While these unqualified borrowers were enjoying unrealistically low interest rates, I was paying 22% to 24% interest on the credit cards that I had used to provide me the funds for the mud pump business that has created jobs for more East Texans. It's funny, because after 25 years of turning almost every dime of extra money back into my businesses to grow them, it has been only in the last two years that I have finally made enough money to be able to put a little away for retirement, and now the value of that has dropped 40% because of the policies you and your ilk have perpetrated on our country.
You see, Mr. Obama, I'm the guy you intend to raise taxes on. I'm the guy who has spent 25 years toiling and sweating, fretting and fighting, stressing and risking, to build a business and get ahead. I'm the guy who has been on the very edge of bankruptcy more than a dozen times over the last 25 years, and all the while creating more and more jobs for East Texans who didn’t want to take a risk, and wouldn't demand from themselves what I have demanded from myself. I'm the guy you characterize as 'the Americans who can afford it the most' that you believe should be taxed more to provide income redistribution 'to spread the wealth' to those who have never toiled, sweated, fretted, fought, stressed, or risked anything. You want to characterize me as someone who has enjoyed a life of privilege and who needs to pay a higher percentage of my income than those who have bought into your entitlement culture. I resent you, Mr. Obama, as I resent all who want to use class warfare as a tool to advance their political career. What's worse, each year more Americans buy into your liberal entitlement culture, and turn to the government for their hope of a better life instead of themselves. Liberals are succeeding through more than 40 years of collaborative effort between the predominant liberal media, and liberal indoctrination programs in the public school systems across our land.
What is so terribly sad about this is this. America was made great by people who embraced the one-time American culture of self reliance, self motivation, self determination, self discipline, personal betterment, hard work, risk taking. A culture built around the concept that success was in reach on every able bodied American who would strive for it. Each year that less Americans embrace that culture, we all descend together. We descend down the socialist path that has brought country after country ultimately to bitter and unremarkable states. If you and your liberal comrades in the media and school systems would spend half as much effort cultivating a culture of can-do across America as you do cultivating your entitlement culture, we could see Americans at large embracing the conviction that they can elevate themselves through personal betterment, personal achievement, and self reliance. You see, when people embrace such ideals, they act on them. When people act on such ideals, they succeed. All of America could find herself elevating instead of deteriorating. But that would eliminate the need for liberal politicians, wouldn't it, Mr. Obama? The country would not need you if the country was convinced that problem solving was best left with individuals instead of the government. You and all your liberal comrades have got a vested interested in creating a dependent class in our country. It is the very business of liberals to create an ever expanding dependence on government. What's remarkable is that you, who have never produced a job in your life, are going to tax me to take more of my money and give it to people who wouldn't need my money if they would get off their entitlement mentality asses and apply themselves at work, demand more from themselves, and quit looking to liberal politicians to raise their station in life.
You see, I know because I've had them work for me before. Hundreds of them over these 25 years. People who simply will not show up to work on time. People who just will not work 5 days in a week, much less, 6 days. People always looking for a way to put less effort out. People who actually tell me that they would do more if I just would first pay them more. People who take off work to sit in government offices to apply to get free government handouts (gee, I wonder how things would have turned out for them if they had spent that time earning money and pleasing their employer?). You see, all of this comes from your entitlement mentality culture.
Oh, I know you will say I am uncompassionate. Sorry, Mr. Obama, wrong again. You see, I've seen what the average percentage of your income has been given to charities over the years of 2000 to 2004 (ignoring the years you started running for office - can you pronounce “politically motivated”), you averaged of less than 1% annually. And your running mate, Joe Biden, averaged less than ¼% of his annual income in charitable contributions over the last 10 years. Like so many liberals, the two of you want to give to the needy, just as long as it is someone else’s money you are giving to them. I won’t say what I have given to charities over the last 25 years, but the percentage is several times more than you or Joe Biden (don’t you just hate google?). Tell me again how you feel my pain.
In short, Mr. Obama, your political philosophies represent everything that is wrong with our country. You represent the culture of government dependence instead of self reliance; Entitlement mentality instead of personal achievement; Penalization of the successful to reward the unmotivated; Political correctness instead of open mindedness and open debate. If you are successful, you may preside over the final transformation of America from being the greatest and most self-reliant culture on earth, to just another country of whiners and wimps, who sit around looking to the government to solve their problems. Like all of western Europe. All countries on the decline. All countries that, because of liberal socialistic mentalities, have a little less to offer mankind every year.
God help us...
Cory Miller

just a ordinary, extraordinary American, the way a lot of Americans used to be.

P.S. Yes, Mr. Obama, I am a real American... www.cmillerdrilling.com

A rub the wrong way??????

One thing that a lot of folks have never gotten is that this blog is meant to engage the readers into some kind of thought process. Ideas on trading that you could research, test, sym trade and maybe develop an edge for yourself. Some humor and, of course, even some political humor from all the emails that come my way.

Everytime I post something that is off the wall, I guess all those folks have to defend whatever to the death. The Obama lovers are no exception, that is for sure. Emails have come pouring in complaining about false information and quotes out of context and on and on. This is the real problem as I see it.

Everyone spends their time talking and throwing more mud, the TV is just full of it, everyday and every night.....he said, she said, he said and back and forth. The next President and it doesn't matter who it is, will have their hands full. The baby boomers just keep getting older everyday, and the number of us continues to grow each day.....and why aren't they talking about Social Security and Medicare and how to develop a strategy to support it over the next 10-20 years. NO it's all about mud slinging......

Stem cell research and how the benefits could change medical history forever, but no it's just about what he said...she said.

Remember the hot topic was all those illegals, after the guy in Jersey shot and killed those college students over respect. He was out on bail for some violent crimes and it was all over the news....well for a week at least. Lou Dobbs wore out at least a couple hundred programs nightly talking about it.....but now it's about the mud.

The war in Iraq is, of course, having a profound effect on our economy, and is it important on which side of the fence you are on, we are there and it's needs to be finished. But are we talking about that....no just the mud.

What about the lunch program at the grade schools or about the war on drugs and how it effects the kid whos mom is doing every guy in town so she can get her drugs and even allow the johns to abuse her kids.....no it's just about the mud.

Education programs where more time is spent on studying world history instead of learning about the history of the USA. The kids coming out of school today can't make fricking change if the bill is $20.16 and after you hand them a twenty and they type in $20.00, you hand them the 16 cents....God forbid you hand them a quarter......they can't even make change but all they talk about is the mud.

It won't matter who is President, the government is currently in overdrive printing hundreds of billions of dollars that someone.....at sometime will have to pay for it.
Normally when the government prints money, inflation is just around the corner. Inflation brings higher interest rates as they try to slow inflation and on and on. Higher interest rate brings more unemployment. The amount of money spent daily on paying the national debt, could be used to built roads, replace bridges, build new schools, but it won't. The bridge in MN was only the first of a collapsing intrastruture and surely won't be the last.

There are a whole list of things that should be talked about, but like Ben last week when asked a YES or NO question by a CT Congresswomen, after about 100 words you still didn't hear or know if it was a YES or NO answer to the question. I have decided on how to vote and it's simple.......anyone of those idiots that is in Washington now, needs to feel what it would be like to be unemployed....kicked out of office and sent packing. CLEAN HOUSE and maybe if everyone did that, at least one thing would be clear to the folks who replace them......work for the people not for yourself.

This should get a few hundred more emails about having my head stuck up my ballot box.

Obama own words......

If you take the time to read the books that Obama wrote, or at least says he wrote you might be surprised by what he said:
From Dreams of My Father:'I ceased to advertise my mother's race at the age of 12 or 13, when I began to suspect that by doing so I was ingratiating myself to whites.'

From Dreams of My Father: 'I found a solace in nursing a pervasive sense of grievance and animosity against my mother's race.'

From Dreams of My Father:'There was something about him that made me wary, a little too sure of himself, maybe. And white.'

From Dreams of My Father: 'It remained necessary to prove which side you were on, to show your loyalty to the black masses, to strike out and name names.'

From Dreams of My Father:'I never emulate white men and brown men whose fates didn't speak to my own. It was into my father's image, the black man, son of Africa , that I'd packed all the attributes I sought in myself , the attributes of Martin and Malcolm, DuBois and Mandela.'

And FINALLY the Most Damning one of ALL of them!!!

From Audacity of Hope:'I will stand with the Muslims should the political winds shift in an ugly direction.'

Barick Hussen Obama is he really an American or part of a bigger picture, the enemy within????

The Rescue Plan

As Rome burns, at least put the fire out at the bank first......then I'll be more then glad to pay to have it remodeled......GO BEN.

If you were able to listen to Ben speak today, a Congresswomen from CT, asked very pointed questions about another bailout. The question had a YES or NO answer, after at least 100 words, it was still hard to tell what the answer was. At least, Clinton only had trouble with the word "IS"........ROTFL.

OUT OF THE BLUE...............

Over the weekend, out of the blue, came this email. I have been feeling a little down in the dumps, no real reason I think, just life. You know, being a Tennessee football fan has been like watching a train wreck, in slow motion. Last week, Compton (the quarterback) couldn't get into his apartment, it seems someone painted an end zone on his door. Summer is over, and it's turning cold, the leaves are falling, even faster then my hair line is receding and winter is just a few weeks away. The days are getting shorter and the sun doesn't come thru my window before 7am like it has for the past 5 months.....I am getting up as day breaks, that's all it is I guess.

I have had to cut back on my schedule and hate just having to walk 2 miles a day, watch what the hell I eat, take a hand full of pills and eat oatmeal for breakfast. No sun and all I have to look forward to is a bowl of oatmeal....day after day after day after day after day until sinful Saturday, and then it's two eggs, bacon and fricking whole wheat toast......no jelly. So getting old sucks is all I can think of.

Then came this email, there are times when I think, is it all worth it? This blog, doing workshops, speaking about trading and so on. Do I make a difference in the big picture or is it just a waste of time. I talked about having "purpose" in June at the workshop and where I came from. Not sure why, but I just had a feeling that someone present had to know....had to understand, so for 15 minutes I talked about my "PURPOSE" and drive. But being human, it's a roller coaster at times, you have those high moments and then the low ones.

I am reminded all the time about the shepard that left the flock to go and find the one lost sheep, because that lost sheep was more important then the flock, not that I am a shepard of a flock, I would never think that....but when I think is it worth it, can I help someone out there, where do I have to go to find that person and help in any way that I can.....WELL, I am amazed from out of the blue comes the answer.

"No need to reply", maybe there is no need to reply.....because it an answer for me that yes, I do have "PURPOSE" and that I am doing the "WILL OF GOD", now if I could just get this "thinking" behind me.

The Doctor's Office......go boy!!!

I'm sure that you have seen pharmaceutical advertising in doctor's offices on everything from tissues to exam table cover paper. Well, in my book, this one should get the prize....

The funny thing was, my wife looked at it, leaned over and said, "We'll just make this look like the real thing honey," and then the lights went out......

STOCK MARKET ADVICE!!!!

Normally I avoid discussing any advice regarding buying or selling of stocks, but I felt this is important enough to share and give a warning since this explosive situation might prove to be yet another ENRON. Please review any holdings you might have in the following stocks: American Can, Interstate Water, National Gas Company, Northern Tissue Company.

Due to uncertain market conditions, I advise you to sit tight on your American Can, hold your Water, and let go of your Gas. You may be interested to know that Northern Tissue touched a new bottom yesterday, and millions were wiped clean.

It's a tough market out there. Be careful!

FBT day five.......and I am glad it's FRIDAY!!!!!

Again by following the simple rule, you would not have taken the FBT today on Friday, since it printed an outside bar, meaning that the high and low was "outside" the previous bar which is our setup bar.....two in one week is a little strange, but define strange these days....700 down and 1100 back up with 400 down and 700 back up.....yada yada yada...

Is there a purpose to the Will of God......?

Oh, I bet that if I took this picture and asked anyone under 30 who he is, no one would know. If you are between 50-70, do you know who this man was? He died in 1995, Jonas Salk, was a research physician who formulated a vaccine against the devastating disease polio. Poliomyelitis, also called infantile paralysis, had crippled thousands of children during an epidemic that hit the world during the 1940's and 1950's. It is estimated that one of every 5,000 people (mostly children) fell victim to polio. Some victims were totally paralyzed and need to live in "iron lungs" (a large apparatus that helped the patient breathe). Salk's developed his vaccine in 1947, while working at the University of Pittsburgh Medical School. The vaccine was made from killed polio virus. In 1955, after many trials of the new vaccine, the vaccine was made public, and put an end to the polio epidemic. Salk wrote many books, including: "Man Unfolding" (1972), "The Survival of the Wisest "(1973), "World Population and Human Values: A New Reality" (1981), and "Anatomy of Reality" (1983).

So what does this man have to do with "Purpose" and the "Will of God", you ask? You may not know this, but Dr. Salk could have patiented this vaccine and made a zillion dollars from it. But he didn't, he once said, "I could no more patient this then I could patient the sunlight." Dr. Salk had a purpose in life doing what he did best, working on a cure, and for him, he also was doing the "Will of God". What is your purpose on this blue marble and is it doing the "Will of God"??

I believe that when you can line these two things up....and then throw in "thinking" you might be on the right path on your journey.

FBT day four

Well, it doesn't matter what anyone says, today it was a LOSER, the reason I point this out is simple. When you take risk and that is what you do when you enter any trade or whatever reason, using whatever indicator or set of indicators...you take on risk.

So now we have to consider something else, if the range of the first bar or the range of the first two bars is greater then "X" do we still take the setup? A fair and simple question that only you as an individual can answer. Why, you ask...why doesn't he just give me the damn rules so I can become rich....WHY?

Just because someone can take a setup and just lean into it, doesn't mean you should, first you should have done your own research or study. Maybe put your own secret sauce on those charts to see if that helps filter out the loser or risk. This I believe is a mistake all newbies make. They tune into a chat room, like the WoodiesCCIClub and listen, why...because it's free. Soon they are listening to someone that they never met, don't know anything about their actual trading but because they believe in the concept.....instead of doing their own research and back studies they just listen and when moderator "RICKY" says he is going long...the newbie leans into it as well.

It amazes me that newbies even think, for a moment, that they can just follow the Pied Piper in some chat room and make millions. This might seem a little harsh, but in the end, they deserve what they get. As Americans, the one thing we don't like is having people tell us what to do, what to think, how to act, but when it comes to trading.....give me a free chat room or give me a margin call.

Take these ideas and make them your own, do a back study, do some research and mix it up and see if you can find the answer....it's out there...BUT you have to find it.

It's about time is all I can say.......

It's about time that we have a candidate that you actually want to see, the democrats should replace there jackass of a mascot with a something that goes wolf wolf.........ROTFL

FBT day three

The rule is that when the low of the first bar is taken out without taking out the high of the first (setup) bar you go short. Wednesday was one of those days when just leaning into this trade took a little .....lump in the throat so to speak.

You actually have to wait for the second bar to close before you really know if it's going to take out both the high and the low and therefore VOID the setup....

On the open of the third bar was the trigger to go short, and look how little you had to risk if you were using the high of the setup bar or a tick above...

Laid off Lehman Bank employees staged a protest by blockading the entrance to the Bank's Headquarters

Enough SAID!!!!

FBT day two......

This is the day that doing the FBT is like....THANK YOU.
Point "A" is the first 3 minute bar or setup bar.
Point "B" the low was taken out WITHOUT taking out the high of the setup bar.
Point "C" on the open would be the trigger for a short.

Now comes the next problem, the management of the trade. There are a hundred different ways to manage your stops. What a trader needs to determine is what they can live with.
Do you keep the stop just above the setup bar while the price jumps around?
Do you take half off at a pre-determined target?
If you take half off at a certain target what do you do with the stop, do you move it to breakeven or allow your profits that you made on the first half give the trade more room.

These questions are something that each trader has to answer for themselves as we are all different on our tolerance level. You can post your ideas....if you like

The First Bar Trade.....Monday

The actual rule that I use or found during 27 years of solid research is simple. After the first 3 minute bar is printed, which occurs at 9:34am ET by the way, then this setup bar is used to trigger a trade.

LONG: If the high of the setup bar is taken out without taking out the low of the setup bar, then go long.

SHORT: If the low of the setup bar is taken out without taking out the high of the setup bar, then go short.

EXCEPTIONS: If the bar following the setup bar does not take out either the high or the low of the setup bar, the setup is valid until one side is taken out. These bars are called inside bars.

If inside bars follow the setup bar and then an outside bar is printed, the FBT is voided.

Today the second bar took out the high by a tick and also took out the low by 3 ticks and therefore there wasn't a valid FBT today. So we wait for tomorrow..... :)

The week ahead.....at the bow of the boat

This week I will again do a research review of the FBT (First Bar Trade). So we will be taking the breakout of the first 3 minute bar. If it's a loser, then we will take the third three minute bar reversal. Stop will be the low of the entry bar if we are long and high of the entry bar if we are short.......

Let's see how we do..... ")

Restore my confidence........yea right...

History lessons are great.......we all remember the one from Winston, "All we have to fear is fear itself." Well, we all felt better and moved on.

"Ask not what your country can do for you, ask what you can do for your country", was some of the ideas John Kennedy presented during his inaugural address one cold winter afternoon in Washington.

"Some men see things as they are and ask why, I see things that ever were and ask, WHY NOT," was quoted by Robert Kennedy during his presidential campaign in 1968.

We all listened to our television sets as the war in Vietnam raged on, then on August 2, 1964 three little tiny P-4 torpedo boats made a run at the USS Maddox in the Gluf of Tonkin and within hours Operation Pierce Arrows was in full gear. Two nights later the USS Maddox and the USS Turner Joy reported new attack and it's now believed after 40 years those attacks never happened. The US Government making up stories as to move an agenda ahead...interesting idea.

Things seem to have gone down hill since then...as we all remember Nixon proclaiming he was not a crook and then on August 9, 1974 he resigned and flew off into history.

Remember Agnew and during his fifth year as Vice President, in the late summer 1973, when Agnew was under investigation by the U.S. Attorney’s office in Baltimore, Maryland, on charges of extortion, tax fraud, bribery, and conspiracy. In October, he was formally charged with having accepted bribes totaling more than $100,000. Agnew is to date the only Vice President in U.S. history to resign because of criminal charges.

Congressmen and Senators on both asiles have formed a steady line of being caught with their hands in the cookie jar. Using their positions to cast votes for special interest group that funded their campaigns, while leaving the regular folks out in the cold.

Bill Clinton and his famous quote during the Monica "problem" "It depends on what the meaning of the words 'is' is." She either did it Bill or she didn't, MAN it can't be that hard.

So when Barney and Nancy come out and tries their best to explain how Congress is going to straighten this boat back up....well it's hard to believe a whole lot in it.
The New York Times had an article back on September 30, 1999, just 9 short years ago written by Steven Holmes about Fannie Mae eases credit to aid mortgage lending. The article went like this:

Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

"Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements," said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. "There remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market."

Now, Congress will do all it can to help us folks, you know...the ones that pays taxes, work hard, save, have a 401k and on and on.......because Congress thought is was a great idea for everyone to own property even if they couldn't pay for it.....BUT NOW WE CAN.

Franklin Raines served in the Carter Administration as associate director for economics and government in the Office of Management and Budget and assistant director of the White House Domestic Policy Staff from 1977 to 1979. You will remember those 21% interest rate during that time and also 18% inflation. Then he joined Lazard Freres and Co., where he worked for 11 years and became a general partner. In 1991 he became Fannie's Mae's Vice Chairman, a post he left in 1996 in order to join the Clinton Administration as the Director of the U.S. Office of Management and Budget, where he served until 1998. In 1999, he returned to Fannie Mae as CEO.

On December 21, 2004 Raines accepted what he called "early retirement" from his position as CEO while U.S. Securities and Exchange Commission investigators continued to investigate alleged accounting irregularities. He is accused by The Office of Federal Housing Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of abetting widespread accounting errors, which included the shifting of losses so senior executives, such as himself, could earn large bonuses.

And you wonder why we are in the mess we are.......Some men see things as they are and ask, "WHY"? I see the same old BSski and ask, when will the average American decide that enough is enough?

Restore my confidence........yea right...

History lessons are great.......we all remember the one from Winston, "All we have to fear is fear itself." Well, we all felt better and moved on.

"Ask not what your country can do for you, ask what you can do for your country", was some of the ideas John Kennedy presented during his inaugural address one cold winter afternoon in Washington.

"Some men see things as they are and ask why, I see things that ever were and ask, WHY NOT," was quoted by Robert Kennedy during his presidential campaign in 1968.

We all listened to our television sets as the war in Vietnam raged on, then on August 2, 1964 three little tiny P-4 torpedo boats made a run at the USS Maddox in the Gluf of Tonkin and within hours Operation Pierce Arrows was in full gear. Two nights later the USS Maddox and the USS Turner Joy reported new attack and it's now believed after 40 years those attacks never happened. The US Government making up stories as to move an agenda ahead...interesting idea.

Things seem to have gone down hill since then...as we all remember Nixon proclaiming he was not a crook and then on August 9, 1974 he resigned and flew off into history.

Remember Agnew and during his fifth year as Vice President, in the late summer 1973, when Agnew was under investigation by the U.S. Attorney’s office in Baltimore, Maryland, on charges of extortion, tax fraud, bribery, and conspiracy. In October, he was formally charged with having accepted bribes totaling more than $100,000. Agnew is to date the only Vice President in U.S. history to resign because of criminal charges.

Congressmen and Senators on both asiles have formed a steady line of being caught with their hands in the cookie jar. Using their positions to cast votes for special interest group that funded their campaigns, while leaving the regular folks out in the cold.

Bill Clinton and his famous quote during the Monica "problem" "It depends on what the meaning of the words 'is' is." She either did it Bill or she didn't, MAN it can't be that hard.

So when Barney and Nancy come out and tries their best to explain how Congress is going to straighten this boat back up....well it's hard to believe a whole lot in it.
The New York Times had an article back on September 30, 1999, just 9 short years ago written by Steven Holmes about Fannie Mae eases credit to aid mortgage lending. The article went like this:

Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

"Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements," said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. "There remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market."

Now, Congress will do all it can to help us folks, you know...the ones that pays taxes, work hard, save, have a 401k and on and on.......because Congress thought is was a great idea for everyone to own property even if they couldn't pay for it.....BUT NOW WE CAN.

Franklin Raines served in the Carter Administration as associate director for economics and government in the Office of Management and Budget and assistant director of the White House Domestic Policy Staff from 1977 to 1979. You will remember those 21% interest rate during that time and also 18% inflation. Then he joined Lazard Freres and Co., where he worked for 11 years and became a general partner. In 1991 he became Fannie's Mae's Vice Chairman, a post he left in 1996 in order to join the Clinton Administration as the Director of the U.S. Office of Management and Budget, where he served until 1998. In 1999, he returned to Fannie Mae as CEO.

On December 21, 2004 Raines accepted what he called "early retirement" from his position as CEO while U.S. Securities and Exchange Commission investigators continued to investigate alleged accounting irregularities. He is accused by The Office of Federal Housing Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of abetting widespread accounting errors, which included the shifting of losses so senior executives, such as himself, could earn large bonuses.

And you wonder why we are in the mess we are.......and this even looking into Greenspan and his BSski.....

The world is going to hell and this is how your CONGRESS is going to save us.

On September 29, 2008 as everyone watched Nancy talk down to the Republicans we listened as vote for a rescue (formally known as a bailout) plan went thru the roll call. Then came the point, where it ain't going to pass. Over the weekend the statemens in the Senate went to work and came out on October 1, 2008 and passed their own rescue bill 74 to 25, only Ted Kennedy wasn't able to vote as he continues to fight cancer.

The ball was back into Nancy's lap...the pressure was on to save America, save the World and to save their own images as the election day draws near. It was hard work to find enough votes to pass HR1412, but they were able to save all of us from pending doom.......
It all came down to this:
SEC. 211. TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.
(a) In General- Paragraph (1) of section 132(f) is amended by adding at the end the following:
(D) Any qualified bicycle commuting reimbursement.
(b) Limitation on Exclusion- Paragraph (2) of section 132(f) is amended by striking ‘and’ at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting ‘, and’, and by adding at the end the following new subparagraph:
(C) the applicable annual limitation in the case of any qualified bicycle commuting reimbursement.
(c) Definitions- Paragraph (5) of section 132(f) is amended by adding at the end the following:
(F) DEFINITIONS RELATED TO BICYCLE COMMUTING REIMBURSEMENT-
(i) QUALIFIED BICYCLE COMMUTING REIMBURSEMENT- The term ‘qualified bicycle commuting reimbursement’ means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee’s residence and place of employment.
(ii) APPLICABLE ANNUAL LIMITATION- The term ‘applicable annual limitation’ means, with respect to any employee for any calendar year, the product of $20 multiplied by the number of qualified bicycle commuting months during such year.
(iii) QUALIFIED BICYCLE COMMUTING MONTH- The term ‘qualified bicycle commuting month’ means, with respect to any employee, any month during which such employee--
(I) regularly uses the bicycle for a substantial portion of the travel between the employee’s residence and place of employment, and
(II) does not receive any benefit described in subparagraph (A), (B), or (C) of paragraph (1).’.
(d) Constructive Receipt of Benefit- Paragraph (4) of section 132(f) is amended by inserting ‘(other than a qualified bicycle commuting reimbursement) after qualified transportation fringe’.
(e) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2008.

We can all rest better knowing that those who ride their bikes to work are entitled to a tax credit which saved the world...........

This is almost as good as EVERY AMERICAN who earns under 26k is entitled to a cell phone, complete with voice mail, you are entitled to this if you are on "ANY" goverment assistant program...

The secret order of nature......

There is secret order in nature that 99.9% of the people out there have no clue about, they have read The Da Vinci Man Code from the first page to the last looking for the holy grail. The Da Vinci Man is a universal translator between scientific models (represented by the Da Vinci Man in the square) and religious symbols (represented by the Da Vinci Man in the circle). Therefore, the Vitruvian Man (Da Vinci Man) is a bridge between science and religion. There are amazing similarities between the sacred geometry of the Da Vinci Man, Yin-Yang, Star of David, Tree of Life, Christian Cross, Angels and Kabbalah.

The code has Pi Day, Divine Proportion, Golden Proportion, Golden number, Phi and the Fibonacci Series. The University of Tennessee has these number everywhere, from the players numbers to the number of years between championships. You can find it everywhere if you look for it.....if you look to the west while landing in Denver you can even see it in the mountains, but most people only listen to Maria explain why the credit markets are tight and run for cover.......

On September 13, 2007 OJ Simpson committed a robbery in Las Vegas at the Palace Casino. The trail took 13 days from the beginning to the end. The jury talked about the verdict for 13 hours. The verdict came 13 years to the date he was found not guilty of the murder of two people.

I have to believe that Leonadaro Pisano in rolling in his grave laughing tonight.