Post: #51

Feel free to post any questions related to these above multiple rules correlated graphs and I will research and answer to the best of my abilities.

Post: #52

Todays Daily S&P ESZ Chart Link with VolumeProfileValueRange POC, Trends, Support and Resistance, Moving Averages and ABC against Trend with Fibonacci retracement graph overlay:

https://www.tradingview.com/chart/sDibJOi8/

Post: #53

Monday market wrap up as I will likely be drinking a few IPAs to salute the Red Sox at the live Duck Boats Parade on Wednesday Oct 31 Halloween Eve day along the tried and true Fenway Park to Boylston Ave Marathon Finish line to City Hall Plaza Boston Sports Trail of Champions (Patriots, Bruins and Celtics NEXT!).

ESZ S&P Futures tagging previous Spring time support levels at 2636

GE Tagged a new all-time low at 11.08 Today though still above the RMS (Root Mean Square) midline of the Regression Trend Channel from the July 2016 previous Swing High of $33.00. Oddly enough the POC is at 30.37 and the emerging POC at 12.96 - GE is an epic Turn-Around play with earnings expected to rebound under the new CEO as discussed above - still tracking the bottom before buying midterm GE Call Options and not much lower to fall for PUTs.

FXI the CFRC Power Dow proxy also tagged a new 2018 Swing Low of 38.05 looking to complete a 5 Wave down pattern before an impulse ABC upwards against (currently down) trend powered by a post Mid Terms China CFRCs (Communist Freaking Red Chinese) Trade Deal if they do not continue to piss off the CiC as discussed above...

Post: #54

Wow GE Tagged a new dramatic All Time Recent Swing Low of $9.95 and still falling today - broke below Long Regression Trend Mid Channel RMS level to lower-half strong downtrend...

Time to Buy is when Blood is Running in the Streets...
The GE Shareholders are panic running away from GE Shares but not quite doused in blood yet...

Good News for those of us waiting for all the Previous chain of GE CEOs blunders and bad news to flush out and then we buy long time horizon GE Call Options ($14, $24, and $30 current POCs) for when TPS and SEC Settlements and DoD and Infrastructure Rebuilding in the USA impact GE's earnings for a long-term turn around as GE is essential to the USA Military and Critical Infrastructure supply chain. I was cautious in buying any GE PUTs as I thought how much worse could the GE News and Price/Options get... Even with the New CEO this quarter's SEC reporting period flushed out the truly bad decisions of the previous Welch Immelt Sick Sigma era. Could have made a decent pop down if we knew about these investigations - Oh Well longer time frame Calls on GE now MUCH Cheaper....

News on GE:

GE Sinks to 2009 Low as Accounting Probe Adds to CEO’s Woes
https://finance.yahoo.com/news/ge-tumble...21345.html

(Bloomberg) -- General Electric Co. plunged the most in three years after the company disclosed an expanded federal accounting probe and worsening troubles at its ailing power business.

The Securities and Exchange Commission is widening its investigation of the company’s accounting to look at a $22 billion charge in the power-equipment unit, the company said Tuesday as it reported earnings for the first time since Chief Executive Officer Larry Culp took over. The Justice Department is also examining the write-down, which GE revealed on Oct. 1, when it announced that Culp would replace John Flannery.

The federal investigations pile pressure on GE, which already was contending with one of the deepest slumps in its 126-year history amid cash-flow shortfalls and declining demand for its gas turbines. The announcement about the probes, made during an earnings call with analysts, overshadowed Culp’s first steps in his turnaround plan: a reorganization of the power division and a deep cut to its quarterly dividend that all but wipes out the payout.

The shares tumbled 10 percent to $10.03 at 1:48 p.m. in New York after dropping to as low $9.96, marking the biggest intraday drop since August 2015 and reaching its lowest price since April 2009. GE had already plunged 36 percent this year through Monday to levels last seen shortly after the recession in 2009. Culp’s appointment sparked a mini-rally earlier this month that has since evaporated.

Criminal Potential

The Justice Department’s involvement was particularly worrisome.“It’s just stepping up the seriousness of it,’’ said Holly Froum, a legal analyst at Bloomberg Intelligence. “The SEC can file civil charges, but the DOJ can file criminal charges.’’

GE said in January that the SEC was looking at accounting in the power division and an old insurance portfolio that prompted a $6.2 billion charge. It quantified the power unit’s writedown this month, which was related to goodwill impairment.

“When there’s new investigations from the SEC and the Department of Justice, that’s just not the stuff that you can build much of an investment case around in the near term,’’ Jeffrey Sprague, an analyst at Vertical Research Partners, said in a Bloomberg TV interview. Sprague also noted that the company didn’t deliver any guidance on earnings or cash-flow Tuesday.

The power unit has grappled with falling demand for gas turbines, declining market share and, recently, technical problems. The Boston-based company in September disclosed that its flagship turbine was facing an oxidation issue that forced a customer to temporarily shut down two U.S. power plants.

Analysts had been bracing for a write-down after Flannery acknowledged that power assets acquired from Alstom SA in 2015 weren’t performing up to expectations. The previous CEO, Jeffrey Immelt, pushed through the $10 billion deal just as the market started to sour. The operation’s third-quarter sales plunged 33 percent.
###

The Article's Bad News is like a Cockroach infestation and only gets worse as you read on - so unless they have hidden even more bad news we should be fairly close to a bottom as we make a Supercycle Wave 4 Low which is likely the best time for a rebound move on GE Calls.

Post: #55

Some Dirt Cheap GE Calls:

Symbol Last Price $ Change $ Change % Qty  Price WhenAdded Date Added
GE Jan 18 19 $30 Call 0.01 0.00 0.00% 1 0.01 10/30/2018
GE Jan 18 19 $25 Call 0.01 0.00 0.00% 1 0.01 10/30/2018
GE Jan 18 19 $14 Call 0.07 -0.10 -58.82% 1 0.07 10/30/2018

GE Jan 18 2019 $14 Calls DOWN 60% today and likely to be the best first Turn Around Trading Target with dirt cheap $25 and $30 GE Calls worth keeping a watchlist eye on for now. (No Demand for $25 and $30 GE Calls at the moment among traders).

As GE Slowly Turns Around this is a 10X to 100X Calls Profit Opportunity.

FXI and IBM Options analysis later this week along with an EOW review for S&P-ESZ-SPY.

Post: #56

Bought 10 Jan 18 2019 $14 Calls for 6 Cents each as my GE Canary in the Coal Mines tracker while GE Slowly rights its ship as SEC Civil and Criminal reviews about as bad as it gets for a Fortune 500/100 Corporation. Only Cost $70.09 with Etrade commission.

Underlying Quote
Symbol Last Price Today's Change Bid (Size) Ask (Size) Day's Range Volume
GE 10.01 -1.15 (-10.34%) 10.00 x22,200 10.01 x25,000 9.87 - 11.40 281,999,938

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #57

It has been a great day. Honestly, I was expecting the bounce last week but when the down wave was extended, I bought more calls. I closed 80 percent of my calls today to replace them tomorrow or so. I definitely deserved a good scotch this weekend. I will be toasting for forum members who share good information.

Here is my analysis.

S&P's highest possible turning point is 2810-15, by forming a twin tower. This might take five days to few weeks to form. Time will tell us more. However, I will start buying my puts from 2750 and onwards in installments depending on how the last leg of the bounce wave is forming.

There is a "black swan" possibility, which might make me use stop-loss. To protect myself for the possibility, I will not invest too much as keeping the capital is the key.

Post: #58

(10-28-2018 04:44 PM)Deepdiver Wrote:  Feel free to post any questions related to these above multiple rules correlated graphs and I will research and answer to the best of my abilities.

Are you holding any Jan/Feb/Mar puts currently as part of your strategy?

Post: #59

(10-30-2018 02:11 PM)Deepdiver Wrote:  .

How long have you been trading? Do you get good returns?

Post: #60

Institutional EOW S&P Review Update...

After all of the World Series Hoopla and Celebrations last week got back to Biz and did a full EOW Review with the Green Panda Markets Maestro...

Reviewed Market Profiles and Moving Averages including key POCs, S1 to S4 and R1 to R4 support and resistance levels correlated to previous Monthly, Weekly, Daily, 4hr, 1hr, 30min, 5min and 1min charts pivot points, price, and trends action further correlated to Fibonacci
retracement and extension levels mapped to supercycle, major, intermediate and sub wave patterns against Daily Range and AvgTrueRange momentum.

Recent ESZ2018 Futures lead of SPX Cash ATH was 2947 ESZ on 21 Sept and the recent swing low 2603 on 29 Oct.

Fibonacci retracement levels are:

3159 1.618 Eventual Extension level after full wave retracements (SuperCycle Wave 3 to 4 down completes in 5 Major Subwaves and turns to SuperCycle Wave 5 up over the next year or two.
2947 1.0 Above 2923 Primary Mkt Profile POC Point of Control
2873 0.786 Target Test 2830 to 2860 range.
2815 0.618 Golden Ratio 50DMA about to cross here High Probability after 200DMA holds and becomes support.
2775 0.5 Current 200DMA strong resistance level likely to test and retest. Correlates to 2767 Developing POC
2734 0.382 Crossed above 20DMA today at 2736
2684 0.236
2603 0.0 "Zero-Line".

Trading Plan:

Retest 2830-2860 likely quick wicks... Begin to buy SPY Puts at 2773/75 At Strong 200 DMA "Daily Moving Average" up to 2860 down to 5th Subwave target of 2600 .618 of sub wave 1.

https://www.tradingview.com/chart/sDibJOi8/# Read Only Subject to Change... Vote Early Vote Often.

C=A Wave tested 2627 (down) prior to current .618 (up) retrace then to continue C Wave impulsing down to a target of 1.50 (2450/70 or 1.618 2442) so best SPY puts would be 260 this week and 240s to follow with some 210 flier - see laddered SPY Matrix in descending strike price order below....

NOTE: C Wave can further impulse down to the 2.5 2300 to 2.618 2200 level - a lower imminent probability but still in the SuperCycle wave 3 to 4 range ultimate low target of 2050.

Under the logic that those SPY Puts that dropped the most have the largest herd following as correlated to VPVR Feb 260 and Feb 240 SPY Puts look most attractive with quite a bit of action in the 210 SPY Puts which makes sense due to the possibility of a continued Impulsing C Wave down to 2200/2300 Feb19 210 SPYs could surge in intrinsic and momentum value as well... could also investigate Dec18 260 Puts for less time premium as likely to complete the 2830-60 test down to 2600 this week or early next for a quick 10 point SPY retracement profit.

Today's ESZ range was 2729 to 2761.

SPY FEB 2019 SPY PUTS LADDER

Symbol Last Price $ Change $ Change % Qty  PriceWhenAdded Date Added
SPY Feb 15 19 $300 Put 0.00 0.00 0.00% 1 0.00 11/01/2018
SPY Feb 15 19 $290 Put 17.7 0.00 0.00% 1 20.5 11/01/2018
SPY Feb 15 19 $280 Put 11.7 -1.66 -12.37% 1 13.16 11/01/2018
SPY Feb 15 19 $270 Put 7.60 -0.99 -11.53% 1 8.90 11/01/2018
SPY Feb 15 19 $260 Put 5.35 -0.49 -8.39% 1 6.06 11/01/2018
SPY Feb 15 19 $250 Put 3.71 0.00 0.00% 1 4.30 11/01/2018
SPY Feb 15 19 $240 Put 2.21 -0.25 -10.16% 1 3.11 11/01/2018
SPY Feb 15 19 $230 Put 1.69 -0.02 -1.17% 1 2.04 11/01/2018
SPY Feb 15 19 $220 Put 1.00 -0.16 -13.79% 1 1.47 11/01/2018
SPY Feb 15 19 $210 Put 0.70 -0.19 -21.35% 1 1.04 11/01/2018
SPY Feb 15 19 $200 Put 0.46 -0.08 -14.81% 1 0.66 11/01/2018

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #61

Is English your first language?

Post: #62

(11-06-2018 04:51 PM)indiepua Wrote:  

(10-30-2018 02:11 PM)Deepdiver Wrote:  .

How long have you been trading? Do you get good returns?

ANSWER: Decades...

Actually, as I am not giving investment advice and I am not a registered investment adviser answering that question about returns can be problematic in the USA - I am basically doing Market TA Advanced Technical Analysis and putting my own capital to work with prudent risk management (Stop Losses etc).

Suffice to say I do much better than money markets, cds and index funds.

That said I have phucked up a stop loss (lazy - too busy - distracted) and gotten bit in the arse now and then. I would say prudent risk management is equally important to solid TA.

Post: #63

(11-06-2018 05:17 PM)indiepua Wrote:  Is English your first language?

LOL I served on US Navy Nuclear High-Speed Fast Attack Hunter Killer Submarines as a Combat Data Systems HW&SW and Armed Nuclear Security Expert so I hope so - perhaps too much Tech English... plus market jargon can take a while to absorb since markets move in a predictable but very fast manner and comms to input proper orders and stop losses can get hectic. SPYs online trading make things much less hectic, whereas ESZ Futures - one major phuck up dozing off can cost you your mortgage.

I do write this in a fast outline bullets summary manner as I have other things to do like get paid and get laid!

Post: #64

Laddering in a few more GE at a very cheap price but keep in mind if Culp does not turn around GE in a year or so could be sold off to top Gov/Mil Prime Contractors before CFRCs (Chinese Freaking Red Communists Phocks) try to steal it a bargain basement prices while CIFUS is not looking.

https://en.wikipedia.org/wiki/Top_100_Co...government
Top 100 contractors in FY2015 by dollars obligated
Rank Global vendor name Actions performed Dollars obligated %Total actions %Total dollars
31 General Electric Company 7,168 $1,694,742,834.63 0.0406% 0.3879%


Date Order # Type Order Summary Bid Ask LastPrice Status
Order
Type Quantity
(Exec / Entered) Symbol Price
Type Term Price
11/05/18 485 Option
Buy Open
10
GE Jan 18 '19 $14 Call

Limit GT 60 0.04 0.05
0.06
0.06
Open Change Cancel
11/05/18 484 Option
Buy Open
5
GE Jan 18 '19 $14 Call

Limit Day 0.05 0.05
0.06
0.06
Open

Post: #65

Welcome post Mid-Terms fact the MARKETS are UP nicely TODAY:

DOW 26,109.20 474.19 (1.85%) NASDAQ 7,548.78 172.82 (2.34%) S&P500 2,806.81 51.36 (1.86%) as of 03:08PM ET

The Markets Love Trump Victories and a gridlock house/senate so they can not pass any dumb communist socialist regulations or Biz Killing taxes.

https://www.tradingview.com/chart/sDibJOi8/

Interesting that the S&P ESZ Futures - where the Yuuge institutional Money Action has broken well above the 200 DMA (Daily Moving Average) the most respected moving averages among institutional traders are the 200 and 50 DMAs ... Range 2744 to 2804 late afternoon high so on a roll. Retesting the 2Feb and 13Mar Swing Highs (Double Top or Twin Towers) which equal the current 0.618 Fibonacci Golden Ratio retracement at 2815 a strong resistance then support level with next strong 50 DMA at 2837 in our target 2830 to 2860 retest range (Possible wick up to 0.786 Fib at 2873 at next VPVR Market Profile TPO Prints distribution) off the 29Oct swing low at 2603 before continuing our C Wave impulse down to 2450 then 2300 on our Supercycle wave 3 to 4 down.

Whoa Trending Day near day ATR and IB combined high plus extension at 2807 so likely pull back off the day high, therefore, placed some small limit orders on SPY PUTS and GT60 Lowball Calls on GE:

Order Summary Bid Ask Last
Price Status Related Links
Order
Type Quantity
(Exec / Entered) Symbol Price
Type Term Price
11/07/18 491 Option
Buy Open
10
SPY Jan 18 '19 $220 Put

Limit Day 0.40 0.41
0.42
0.40
Open Change Cancel
11/07/18 490 Option
Buy Open
5
SPY Dec 31 '18 $250 Put

Limit Day 1.00 1.00
1.01
1.01
Open Change Cancel
11/07/18 487 Option
Buy Open
10
GE Jan 18 '19 $14 Call

Limit GT 60 0.03 0.03
0.04
0.04
Open

Todays 3PM EDT SPY Feb PUTS Ladder Prices:

Symbol Last Price $ Change $ Change % Qty  PriceWhenAdded Date Added
SPY Feb 15 19 $290 Put 14.16-3.53 -19.95% 1 20.52 11/01/2018
SPY Feb 15 19 $280 Put 8.50 -3.26 -27.72% 1 13.16 11/01/2018
SPY Feb 15 19 $270 Put 5.50 -2.10 -27.63% 1 8.90 11/01/2018
SPY Feb 15 19 $260 Put 3.60 -1.75 -32.71% 1 6.06 11/01/2018
SPY Feb 15 19 $250 Put 2.34 -1.37 -36.93% 1 4.30 11/01/2018
SPY Feb 15 19 $240 Put 1.67 -0.54 -24.43% 1 3.11 11/01/2018
SPY Feb 15 19 $230 Put 1.12 -0.57 -33.73% 1 2.04 11/01/2018
SPY Feb 15 19 $220 Put 0.74 -0.26 -26.00% 1 1.47 11/01/2018
SPY Feb 15 19 $210 Put 0.51 -0.19 -27.14% 1 1.04 11/01/2018
SPY Feb 15 19 $200 Put 0.46 0.00 0.00% 1 0.66 11/01/2018
SPY Feb 15 19 $300 Put 0.00 0.00 0.00% 1 0.00 11/01/2018

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #66

Just calculated the pivot on the big red down Weekly ESZ candle of 08-Oct-18 - Pivot Point is 2794 (ESZ Closed today at 2816) and R1 resistance level at 2877 overlapping Fib .786 Retracement at 2873. Therefore ESZ Futures closed well above the pivot today and likely to pull back a bit from the 0.618 level of 2815 then continue to run the Weekly 08Oct18 candle up to 0.786 2873-77 and wick to 2900 top of the weekly candle (Open price). Will come out of most of my SPY calls at 2870 (SPY 287) with a few fliers for 2900 (SPY 290). Then buying more SPY Puts for the retrace back to 2600 (SPY 260) capturing 286 to 260 or 26 SPY points and continued C wave impulse down to 2450 (SPY 245) then possible continuation to 2300 (SPY 230).

So some nice SPY profit capture pending in these impulse waves down.

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #67

My analysis is very similar to the above post. I am bearish, and expecting south.. deep south after exceeding 2810-15 region eventually.

However, let me spell the black swan possibility. If DJI exceeds its all time high, it will reach to 29xxx, the least. This is the less likely event in my analysis but better to mention its possibility. Therefore, managing risk, trading strategy, and stop-loss are important part of this game. Good luck.

(10-31-2018 04:04 PM)Denzel Wrote:  S&P's highest possible turning point is 2810-15, by forming a twin tower. This might take five days to few weeks to form. Time will tell us more. However, I will start buying my puts from 2750 and onwards in installments depending on how the last leg of the bounce wave is forming.

There is a "black swan" possibility, which might make me use stop-loss. To protect myself for the possibility, I will not invest too much as keeping the capital is the key.

Post: #68

(11-08-2018 12:11 PM)Denzel Wrote:  My analysis is very similar to the above post. I am bearish, and expecting south.. deep south after exceeding 2810-15 region eventually.

However, let me spell the black swan possibility. If DJI exceeds its all time high, it will reach to 29xxx, the least. This is the less likely event in my analysis but better to mention its possibility. Therefore, managing risk, trading strategy, and stop-loss are important part of this game. Good luck.

(10-31-2018 04:04 PM)Denzel Wrote:  S&P's highest possible turning point is 2810-15, by forming a twin tower. This might take five days to few weeks to form. Time will tell us more. However, I will start buying my puts from 2750 and onwards in installments depending on how the last leg of the bounce wave is forming.

There is a "black swan" possibility, which might make me use stop-loss. To protect myself for the possibility, I will not invest too much as keeping the capital is the key.

Denzel excellent advice - I would sincerely appreciate your thoughts on what you consider possible Black Swan event(s).

https://www.tradingview.com/chart/eJuQrhx0/ SPX SuperCycle and Major SubWaves. I love it when a plan comes together.

The SuperCycle and Major Sub-Waves Top Turning Points and Bottom turning points are nearly always evidenced by increased volatility and more dramatic swings.

Remember we did the maths on the SuperCycle and Major Subwaves several months ago and we have already completed Major Subwave one down and are now completing MW2 up and turning into a dramatic impulsing Major Wave 3 Down which is your greatest and fastest profit opportunity in all of Wave theory reflecting market psychology as institutional traders dump stocks faster to protect gains than they do buying stocks to generate profits. My only discussion point - not really a critique but for TA maths purposes is what you are considering a Black Swan Down or Up may, in fact, be the Supercycle and Major SubWaves rather dramatic moves that we illustrate in the read only Tradingview SPX Cash chart above. Green are the SuperCycle Waves and Purple the Major Waves and White the Subwaves inside the Major Waves.

Notice that the SPX 9 Month, 20 Month, 50 Month, 100 Month and 200 Month Moving Averages are still all stacked above each other in a Full Fan Up pattern. Indicating a strong very long 100 Year Up Trend (Compressed this SPX cash chart data goes back to the year 1872) with a Major Wave retracement to 2050 and then a run up to SuperCycle 5 to 3500 and likely much farther - just have not done the maths yet as that is several years into the future and we take profits on daily-hourly ESZ basis intraday and weekly-monthly SPY sub wave moves.

Post: #69

Interesting Trump insights by Rich Dad Poor Dad author who I did not know coauthored a couple books with the Commander in Chief...

Learning from the Best
BY ROBERT KIYOSAKI
OCTOBER 30, 2018

As you may know, I’ve co-authored two books with the now President Donald Trump. We were working on a third project but that had to be shelved when he decided to run for Commander-In-Chief.

I’ve been asked often if he’s as gruff in real life as we’ve seen on TV.

The answer is yes. My experience with Donald is that he’s being real whether he’s on camera or off. He never pretends to be Donald Trump. He is Donald Trump.

Obviously, co-authoring a book with him has been a milestone for me—as an author and as a businessman. Appearing on Larry King Live, The Big Idea with Donny Deutsch, The Today Show, The Early Show, and CNBC with Donald gave me more credibility in the business world.

Yet I gained more than just recognition and credibility. I also became a better businessman and a better person just from working with Donald over the years.

An Unofficial Apprenticeship
Here are a few of the ways that knowing Trump has enriched my life:

I got tougher. I know many people don’t like him because he comes across as a tough guy. That’s their problem. In spending time with him, I realized that I wasn’t as successful as I could be simply because I wasn’t tough enough.
As a businessman, I often didn’t say what I wanted to say because I was afraid of hurting someone’s feelings, or of having my feelings hurt. Instead of being forthright, I would be polite. Because of my association with Donald, I took back control of my business in 2005 and 2006 and fired people who should have been let go long before then.

The employees I got rid of weren’t bad people, they were just the wrong people for my company. Today, business is thriving, and people are happier.

I became kinder and more respectful. One of my problems is that I’m very impatient and get angry too quickly. I believe Donald can be the same. Yet I saw him be patient, kind, and respectful in many situations that would have caused me to lose my patience.

When I asked him about this trait, he simply said, “One of the most important lessons my parents taught me was to treat all people with respect, even if I’m angry with them.” Today, in my dealings with people, I do my best to treat all people with respect—especially if I’m angry at them. Although I haven’t always been successful, I believe I’ve become a little kinder as a result.

I got richer. My wife, Kim, and I have more than enough money. We consider ourselves rich. When we entered Donald’s world, however, we saw a whole new level of rich.

There’s a difference between being a millionaire and a billionaire. The Trump lifestyle—the penthouse, mansion, limos, and 727—gave me a firsthand glimpse into his world, and I began to understand why he constantly talks about thinking big.

Just being around him, I began to think bigger and richer. I set my sights on becoming a billionaire and began redesigning my business to become a billion-dollar business. Today, I constantly remind my staff that my job is to make them millionaires—and their job is to make me a billionaire.

I became less petty. One day, during a meeting in Donald’s office, I was complaining about someone we were doing business with. I didn’t like the way we were being treated. When I asked Donald about this person and voiced my concerns, he simply said, “Don’t be so petty. Sometimes you have to do business with people you don’t like. It doesn’t mean you have to be like them or like them.”

From that, I learned to think bigger and, more important, to know the difference between paying attention to details and being petty.

I was reminded of the value of collaboration and partnership, as well as the value of loyalty. I saw this repeatedly as we developed the concept for our book, discovered our shared concerns and our passion for teaching, and shared the stage for dozens of media interviews.

Getting on Larry King Live and The Today Show is easy for Donald, but in booking a few of these interviews he insisted that we get equal billing. And when a show host mispronounced my name, Donald jumped in to correct him on national television. These simple acts spoke volumes.

History in the Making
About the same time our book was released, a new book about Andrew Carnegie, the richest man in the world at the start of the 20th century, was also published. The timing was ironic. I believe that when history looks back at the start of the 21st century, Bill Gates, Warren Buffett, and Donald Trump will be seen as the Carnegies of the era—even if Trump had not become President of the United States.

Many historians view Carnegie as a ruthless man, and I know that many people also see these three in the same light. Yet if you study Carnegie’s life, you find that he was extremely generous, and donated billions of dollars in support of building libraries and preserving world peace.

He even envisioned the League of Peace, a precursor to President Wilson’s League of Nations. I trust that history will allow a space for the good that Gates, Buffett, and Trump have done, and not simply resent them for their wealth.

Donald and I got together to write our book as teachers, not just as rich men. We’re both concerned about the lack of financial education in our schools. In the process of writing it, I not only became a richer person, I believe I also become a better human being. And for this, I feel privileged to have seen a side of Donald Trump that not many people see.

Everyone has their opinions about the President. And I consider myself apolitical. But I do have an opinion about his character. I learned a lot from him and I’m honored to have had that privilege.

Who are some unlikely characters that have taught you a thing or two? Think about it. Reflecting on those lessons will yield you more than memorable stories.

Regards,

Robert Kiyosaki

Robert Kiyosaki
Editor, Rich Dad Poor Dad Daily

Post: #70

On the Trump China Money Bomb trade - the FXI we completed a 5 wave down on the weekly chart so will now complete a larger ABC from the Swing High to the Swing low with a .618 retrace back up to top of B at 47 and an A = C wave down to 30.

I will come out of all my calls at 46 where the POC is and buy puts down to 30 at 47 (17 points swing).

The C wave down is impulsing so should be about half of the number of weeks that the A wave took for a decent cash money in the bank trade.

$1K in FXI puts should deliver 5K to 10K profit intrinsic plus acceleration down.

At the C bottom 30 we will then begin a 5 wave count back up to at least the swing high Fibonacci 1 line at 54 for another 24 points - ChiKing

If the CFRCs Chinese Freaking Red Communists are going to be pricks might as well make coin off of them Trump China Money Bomb style.

https://www.tradingview.com/chart/PZHm2u6Z/

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #71

Friday 9Nov2018 2:30PM EDT Update:

S&P ESZ Futures wicked to low 2764 and now oscillating 2772-73 right on the top of the Strong 200DMA (Daily Moving Average) at 2771. A critical support level if it holds at market close will likely run a retest to ATH 2947 before continuing the C wave down through 2600 to 2450 and beyond. If not ... back up the Truck on SPY PUTS for continuation of B to C wave impulsing Down.
https://www.tradingview.com/chart/sDibJOi8/

FXI Testing bottom of 200WMA in prep for its B Wave continuation
https://www.tradingview.com/chart/PZHm2u6Z/

GE Crashed today another 10% today from 9.54 to 8.15 per share yet my low ball 0.02 cents Call order has not closed even though Bid was 3 cents Ask 2 cents and last one cent - I suspect institutions vacuumed up all the 1 cent offers on the GE Jan 18 '19 $14 Call... screw it at this point I will change my bid for 1 cent open for 60 days saving 50% - Changed my Call limit order to 50 Calls (GE Jan 18 '19 $14 Call) at 1 cent for a total cost of $80.00 bux. A total gamble on the next Q4 focused beginning of a turn around of GE by new CEO Culp.
Date Order # Type Order Summary Bid Ask Last
Price Status Related Links
Order
Type Quantity
(Exec / Entered) Symbol Price
Type Term Price
11/08/18 493 Option
Buy Open
10
GE Jan 18 '19 $14 Call
Limit GT 60 0.02 0.02
0.03
0.01
Open

Good Old Bitcoin...
https://www.tradingview.com/chart/GnKUWlri/

Been trading in a $6200 to $6600 range respecting the strong TA support levels but no TA sign of the long-rumored Winter BTC Bull Run to new All-Time-Highs $20K+ not to mention John McAfee's $1 Million per BTC prediction or he will eat his junk. Good news is that BTC actually behaving like a reliable store of value more convenient than gold and much more valuable now than the USD since the days of 10,000 BTC to buy one ($60M) pizza. POC is 6453 below 200 Day Moving Average 7013 and current price 6337 below the POC so Bears slightly favored at the moment likely reflecting a cautionary Dow/NASDAQ/S&P pull back after the huge Red Firewall Rally after election day.

Very interesting Weiss Crypto Perspective in their most recent newsletter to sell their premium service:
4 “Buy” Rated Cryptocurrencies; 5 Questions about Weiss Crypto Ratings
By Martin D. Weiss, PhD and Juan M. Villaverde on October 31, 2018
Weiss Ratings has the latest data on more than 3,000 cryptocurrencies and tokens.
Among them, we issue grades on 111 (plus many more on deck).
But only four currently merit a rating that’s equivalent to a “Buy” (“B-” or better).
We’ll name those four in just a moment. But first let us address some of the most frequently asked questions about our ratings:
Question #1
How do you rate cryptocurrencies?
We have developed four separate computer models, each designed with a unique purpose:
1. Our technology model focuses on the blockchain technology to evaluate its potential for performance: What kind of speeds could it run at? How would it scale? How advanced is its governance? How does it deal with energy consumption? Can smart contracts be used on the ledger? How flexibly can it be upgraded? What other unique features does it have?
Mobile phone technology provides a good metaphor — like comparing specs on speed (e.g., 4G vs. 5G), screen resolution, battery life, and so on.
2. Our adoption model measures performance in the real world. What are the actual transaction speeds and costs? How decentralized is the network? How big is the developer community? How popular is the project? Are people using it? And much more.
3. Our investment risk model evaluates volatility and downside price risk. Essentially, it seeks to answer the question: “How much money can I lose?” And …
4. Our investment reward model deals with the upside potential — “How much money can I make?”
Combining the results of all four models, we arrive at a final grade, from “A” to “E.”
Any grade of “B-” or better is the equivalent of a “Buy.”
“D+” or lower is “sell.”
And “C” implies no action — “hold” if you already own it; “avoid” if you don’t.
(For more about our cryptocurrency ratings, go here.)
Question #2
Why don’t you rate all cryptocurrencies?
The overwhelming majority of what many people call “cryptocurrencies” are really nothing of the kind. They’re strictly utility tokens, typically issued by a startup company or project for very limited purposes.
In some respects, utility tokens are similar to Chuck E. Cheese coins or American Airlines AAdvantage points. Beyond exchanging them for goods or services with the merchant who issued them, there’s not much more you can do with them.
And as investments, they suck! They give you no participation in the company’s success. They’re likely to go down in value as the company becomes more efficient, seeks to get its product out to a broader audience and cuts its prices. Worse, they offer none of the rights that you’d expect as a shareholder.
With the cards stacked so heavily against investors, we are not ready to rate them at this time. In most cases, even awarding them low grades might be too generous.
Meanwhile, among the hundreds of distributed ledger projects (true cryptocurrencies) that exist, many have not yet seen the light of day. They’re like wannabe moths and butterflies sitting in a cocoon. Virtually no one owns or uses them. And that means there’s very little adoption data for us to measure.
Result: We will look at them more closely in the future. But right now, we cover strictly DLT protocols that have a minimal level of adoption.
(Related post: “3 Reasons Most ICOs Have Bombed.”)
Question #3
Why is Bitcoin still just a “C+”?
Poor risk/reward metrics. Outdated technology, including slow transaction speeds, difficulty in scaling, weak governance, and more.
Much of this could improve as the Lightning Network rolls out, but that could take a lot more time.
(For the full story, see “Why Bitcoin Is Still a C+.”)
Question #4
Why don’t any cryptocurrencies get a Weiss Rating of ‘A’?
There are two reasons it’s difficult for cryptocurrencies to achieve an “A” in the current environment:
First, because the entire asset class is still very risky for investors …
And second, because it’s currently transitioning from legacy coins like Bitcoin to next-gen coins like EOS.
Here’s the dilemma …
• Yes, our model recognizes that Bitcoin has “excellent” adoption, but its technology is far behind coins like EOS.
• And yes, the model says EOS has “excellent” technology, but it needs more time to catch up with Bitcoin’s adoption.
In our ratings model, to get an “A,” coins like Bitcoins and EOS would need both excellent technology and excellent adoption. Right now, each has one factor licked, but not the other.
Question #5
What are the coins that currently get a ‘B-‘ or better (“Buy”)?
Answer: XRP, Stellar, EOS and Cardano.
These are among the few that are beginning to put it all together — the advanced tech and adoption in the real world. They’re not all the way there yet. But they’re making good progress.
XRP and Stellar are appealing to businesses and other organizations, mainly for speedy financial transfers. In contrast, EOS and Cardano are designed more as virtual communities, with each participant empowered to influence the future direction of the project, spanning a broad range of applications.
As we’ve explained from the outset, these four have technology that’s built for excellence and fully capable of achieving their specific goals. And, at the same time, they’re enjoying rapidly improving adoption metrics, especially during the past 10 months.
Think about that. They’ve made remarkable progress during a period of massive investor losses, broad reputational damage to the industry, and worse.
So imagine what their market performance could be like once the crypto markets firm up and investor interest returns in a big way!
Best,
Martin and Juan

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #72

Like I said China being total pricks - thought they could influence US elections and tie President Trumps Hands - only pissed him off and made him even more resolute - huge tariffs revenue inbound now into the Christmas Gift Giving Season in the USA.

White House Trade Adviser Peter Navarro Takes China, Wall Street Globalists to Task
https://www.breitbart.com/politics/2018/...s-to-task/

Post: #73

Friday Nite Nov 9 '18 EOW Review:

These weeks SPX 40 Year Supercycle(Green), Major Waves (purple) and Subwaves (ABC against trend Yellow and 5 Waves with Trend white) "Top Turning" Chart entering Major Wave 3 down most impulsing and most profitable in a 5 wave subwave pattern. Supercycle Wave 4 completion target 200+/- with a Supercycle Wave 5 run to 3500+ by Trump's reelection in 2020

Major Waves adjusted with up to date data now that MW1 Complete and MW2 Topping into impulsing MW3 down... KaChing.

https://www.tradingview.com/chart/eJuQrhx0/

ESZ2018 Dec S&P Futures Chart:
Expect to retrace up to the 50 Day MA at 2820 then back down through the Fibonacci Golden Ratio .618 and .50 Fibonacci (200DMA) and continue down to 2600 over the next week or two. Possible subwave 5 continuations down to 2450 and 2300 Subwave 5 being the most indeterminant.

https://www.tradingview.com/chart/sDibJOi8/
Shorter Term ESZ Daily A-B-C against (Down) Trend...
From 0 Swing low at 2603 Wave A up to 2816, Wave B down to 2685 and Wave C back up to 2895 retest 2900.

Trade plan this week SPY When at 281.5 Buy SPY 260 or 250 puts sell to close at SPY 268.5 - Then Buying SPY 290 Calls sell to close at SPY 289/290.

Veterans Day Monday Comps plan: Dennys then Texas Road House then Dunkin then Chilis then Applebees and Starbux then Fratellos for Medium Rare Prime Rib Dinner followed by a Victory Cigar - Got to love the Live Free or Die state for comps on day after Veterans Day!

NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.

Post: #74

What I write below as the "black swan event" is a response to Deepdiver's question as a theoretical exercise. This has a very low probability of occurring so it should be ignored right now.

Black swan event is that we are still in supercycle 3 (not in supercycle 4). The labels will be as follows. The w label was formed with the low of Feb 2018 (this is labeled as white 4 in a graph that claims supercycle 3 is completed). The x label was formed very recently around 2945 (this is white label 5 in a graph that claims supercycle 3 is completed) . Now, we are forming y which will most likely end in the region 2680-2730. The end of y should be labeled as white 4. Then, we will complete white 5 by reaching 3000+ (this will be the completion of supercycle 3). Then, we will start supercycle 4 to 2200 or so.

The highest probability count is that we are forming B of supercycle 4. Accordingly, I should buy SPY puts (with a stop loss around 2817).

With the usual disclaimer, this is not an investment advice. I just explain one of my possible investment strategies.

(11-08-2018 12:55 PM)Deepdiver Wrote:  

(10-31-2018 04:04 PM)Denzel Wrote:  S&P's highest possible turning point is 2810-15, by forming a twin tower. This might take five days to few weeks to form. Time will tell us more. However, I will start buying my puts from 2750 and onwards in installments depending on how the last leg of the bounce wave is forming.

There is a "black swan" possibility, which might make me use stop-loss. To protect myself for the possibility, I will not invest too much as keeping the capital is the key.

.... I would sincerely appreciate your thoughts on what you consider possible Black Swan event(s).....

https://www.tradingview.com/chart/eJuQrhx0/ SPX SuperCycle and Major SubWaves. I love it when a plan comes together.

Post: #75

Bitcoin Bang Down:
https://www.tradingview.com/chart/GnKUWlri/

Will have to do a deeper dive into BTC TA later this week as I noticed a sudden Breakdown below two strong levels of BTC support.

Looked as though someone in BTC land threw a rock off of a bridge going straight down.

Went through the yellow dashed support level of 6125 and down through strong support at 5854 to the lower VPVR Value Range through 5631 down to a new 2018 low of 5540 - next strong support is 4995 from 1 Sept17 Head and Shoulders top before the Bubble Parabolic run up to $20K - so only real support now is the VPVR POC and Lower Value Range levels which are constantly in flux so the December BTC Bull Run back to the All Time Highs not looking technically viable for the time being.

The light red Developing POC is at the 2600 TPOs and the Current POC Bold Red Horizontal line is 6364 - At 1PM EDT BTC Currently trading back near the All-Time 2018 Lows at 5566... Below the POC Volume Profile, Visible Range Left Side Blue and Beige Buy-Sell bars (Of Market Orders Buy&Sell Levels) Below the POC BEARS are in charge and above the POC Bulls are running...

Bitcoin Falls Under $6K As Cryptos Take Big Hit Ahead Of Bitcoin Cash Fork
https://www.benzinga.com/markets/cryptoc...-of-bitcoi

Cryptocurrencies were hammered Wednesday as the 2018 bursting of the bitcoin bubble took another leg down. Bitcoin traded below $6,000 to new 52-week lows on uncertainty related to the upcoming Bitcoin Cash hard fork.

What To Know
The Malta-based OKEx cryptocurrency exchange halted trading for BCH1116 weekly, BCH1123 bi-weekly, and BCH1228 quarterly futures contracts on Wednesday, citing extreme volatility ahead of the Bitcoin Cash hard fork scheduled for Thursday.

Bitcoin Cash is expected to fork into at least two different currencies, but uncertainty surrounding the outcome of the fork is creating uncertainty in the futures market. Bitcoin ABC (BCHABC) is the original version of Bitcoin Cash and is expected to continue trading under the ticker BCH. An alternate version of the currency, Bitcoin SV (BCHSV) is also expected to begin trading on Wednesday.

“Due to the upcoming hard fork, strong volatility is observed in the BCH spot and futures markets. OKEx expects an even greater volatility during the hard fork that may cause large-scale impacts, such as cascade liquidation,” OKEx said in a statement.