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John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
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  • The Hindenburg Omen 106 comments
    Oct 25, 2009 1:35 PM
    Note:  The comment stream for this post has become very long and awkward for readers to interact with.  This article has been reposted (here) where comments may be continued.  Reader Albertarocks has been following the parameters of the Hindenburg Omen and posting his observations.  If he does more of that, I expect he will continue at the new post (http://seekingalpha.com/instablog/98115-john-lounsbury/34251-the-hindenburg-omen-extended ).

    I have found this an intriguing metric over the years.  Michael Eckert has an article this weekend summarizing The Hindenburg Omen here, at EWTrends and Charts.com.  In June 2004, Robert McHugh wrote a more extensive article at The Market Oracle (here).

    This market signal has preceeded all 11 declines of 10% or more since 1986.  It has also preceded 15 declines of less than 10%.  It has never occurred without a market decline occurring within four months.  There are times when the market has advanced significantly for a short time before falling.  The time preceding the 1987 crash was one example.

    Michael Eckert maintains a large library of public charts at StockCharts.com (here), including the Hindenburg Omen charts on page 3.

    Hat tip to Phil's Stock World (here).  
    Themes: Hindenburg
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Comments (106)
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  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    For sure the Hindenberg Omen is a very interesting phenomenon. I've been watching the components that go into its calculation pretty closely recently and the one input that's key is the number of new 52 weeks lows. As one would guess, that number currently sits at a paltry 2. In order for the Hindenberg to "flash", that number has to hit 75. That might seem like a long, long way from happening any time soon, but to the contrary, it "could" happen in a heartbeat.

     

    The Hindenberg is a kind of "WTF" indicator. It basically shows that "something wacky is happening". That wacky thing is that the market produces a certain number of "new 52 week highs" and "new 52 week lows"... AT THE SAME TIME!

     

    There are also other conditions that absolutely "must" be met. At this time, some of them are in place, but are completely harmless right now. So the HO doesn't occur all that often, but when it does, we gotta pay attention to it. The biggest problem with it is that if there was a scenario such as a massive drop (maybe 400 points for example) in one day, the Hindenberg would trigger in most cases, but since it needs a second occurrence within 36 days, the market could theoretically drop another 300 point on day two, and only at the end of day 2 would the Hindenberg Omen be considered valid.

     

    In such a drastic scenario as a two day drop of that magnitude, an investor would be in trouble if he waited for the second "confirmation" occurrence. The more useful purpose of the HO is if it triggers when the market is "tricking" us with what appears to be harmless sideways action or what appears to be a minor correction. In either case, it's a very interesting phenomenon, and my charts keep tabs on it every day after the market has closed. If you want, I'll post here if I see the components coming together.
    25 Oct 2009, 02:27 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Albertarocks - - -

     

    Thanks. I have always waited for someone else to flash me the signal. It all goes back to the information overload problem when I try to track too many things myself.
    25 Oct 2009, 03:06 PM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    John L----IMO this is a fascinating article for taking the pulse of the stock market. You have posted many fine articles and this is one of my favorites. Which I will clip and save. Thanks much.
    25 Oct 2009, 03:09 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 25 03:06 PM John Lounsbury wrote:

     

    > Albertarocks - - -
    >
    > Thanks. I have always waited for someone else to flash me the signal.
    > It all goes back to the information overload problem when I try to
    > track too many things myself.<

     

    You're welcome. Unless the first instance of the HO occurs on a one day disaster, I can even give you a heads something like "the omen is probably going to happen very soon". Again, although it sounds like the HO is an absolute cast in concrete indicator that disaster is upon us, it isn't quite that dependable, insofar as that it "can" produce a false alarm. And besides, if the HO does indeed produce a second "confirming" signal, the actual top in the market could be a short way off. Unfortunately, there aren't any indicators out there that are 100% reliable.

     

    The title of the indicator "Omen" is too sensationalistic. Nonetheless it absolutely must not be ignored.
    25 Oct 2009, 03:28 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » A note to those who want to know when he has posted a comment here about the Hindenburg Omen. You need to become an albertarocks follower and check the comments list on the right hand side of the SA home page.

     

    The other way to check for deeper history is to go to his profile page and review the list of his comments.
    25 Oct 2009, 04:04 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Just a little update here. We started talking about this on Sunday, and now the trading for Monday is finished. No big events, but some little ones.

     

    On Sunday, the number of stocks that were sitting at new 52 weeks lows was 2. Tonight it sits at 8. It needs to hit 75. Not only that, there are several other factors that need to be in place for the HO to trigger and at this moment, they are. This is nothing ominous, so far. One thing we don't know, but but we might know real soon, is this: how many stocks are really close to hitting a new 52 week low? If it's something like 80, in theory they could all do that tomorrow, in which case... we're looking at something far more serious.

     

    So right now, although the HO is closer to triggering than it was before the market opened this morning, it hasn't done so, and it might not do it at all. Who knows? If the manipulators suddenly make the market spike one more time, we may not see anything happen with the HO for another ????? weeks.

     

    But as I was posting for most of last week on other threads, the dollar was long overdue for a bounce considering that sentiment was at an incredible 96% bearish. And it appears that bounce started last Friday. That is not good for the markets. In years past, it would have been, but not these days.

     

    My guess (and this is only an educated guess) is that unless the dollar suddenly turns negative once more, the pressure on the equities markets is increasing. We'll see what GS and its tribe of pump jockeys do tomorrow.
    26 Oct 2009, 05:28 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    I am following Rocks and will keep an eye on Hindenburg as well. I am already 85% in cash and most of the remainder is in commodities, but we will see how this all plays out. I will still be surprised if the "powers" don't keep the ballon floating through Christmas...

     

    Except if they miss a swat, it could all pop and go boom earlier, of course.

     

    Stops are set tight. I advise the same to all parties.

     

    THANKS to John and Rocks and the folks at Phil's!
    26 Oct 2009, 05:42 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 26 05:42 PM tripleblack wrote:

     

    > I am following Rocks and will keep an eye on Hindenburg as well.
    > I am already 85% in cash and most of the remainder is in commodities,
    > but we will see how this all plays out. I will still be surprised
    > if the "powers" don't keep the ballon floating through Christmas...
    >
    >
    > Except if they miss a swat, it could all pop and go boom earlier,
    > of course.<

     

    I should go to 85% cash. That way I could afford another case of beer.
    26 Oct 2009, 05:54 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    I was 100% in the market until Thursday week before last.

     

    I am probably going to lose some money on the 15%, but I am just staying long on oil, silver, and some other commodities (and a few stocks, which is likely where I will get nailed).

     

    Keep in mind I sat in Cash through all of 2008 (except for a memorable flurry right before Obama was elected, made some quick money there), and then on until March 26. Then I jumped in with both feet. I missed the bottom by a considerable margin, of course, so no claims of psychic resources from me.

     

    Point is that I did NOT have SA back when, and it makes all the difference for figuring things out, far as I am concerned. Using my old regimen, I would be sitting 100% in cash right now, and wondering if I should own gold or be buying Brazilian travel agencies or something. Believe me, this is better.
    26 Oct 2009, 06:09 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 26 06:09 PM tripleblack wrote:

     

    > Point is that I did NOT have SA back when, and it makes all the difference
    > for figuring things out, far as I am concerned. Using my old regimen,
    > I would be sitting 100% in cash right now, and wondering if I should
    > own gold or be buying Brazilian travel agencies or something. Believe
    > me, this is better.<

     

    You bet this is better. I haven't been participating here for long either. All my life I've marched to the beat of my own drummer. Last week, I took him out behind a barn and shot him.

     

    It's far better to have a group of sharp, like minded friends to discuss things with.
    26 Oct 2009, 06:27 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Another day and quite a different snapshot. So far, no Hindenberg Omen, but it's closer than it was yesterday.

     

    Briefly, here's the scoop about the Hindenberg Omen. No major top or crash has occurred in the past 25 years without a HO event triggering. If we're currently at a major top in the market, and it turns lower from here without triggering a HO, it would be a first. On the other hand, a HO "can" trigger a false alarm, but very rarely. So if it occurs, use that information as you see fit, or ignore it completely if you like. All I'm trying to do on this insta is to share with my friends who have shared with me. So read it if you want... or go watch TV and see what Britney Spears is doin', doesn't matter to me.

     

    Ok, on Sunday night the number of new 52 week lows sat at 2. At the close yesterday (Monday) it sat at 8. Tonight it sits at 11. That number (amongst many other requirements) has to hit 75. Interestingly, with today's promising start, that number actually dropped momentarily down to 2. The only reason I bother you with that little bit of useless information, is to demonstrate that it can move quickly. Another thing we don't know is "how many stocks are close to hitting a new 52 week low?" With today's action, the odds are reasonably high that the answer to that question is "lots".

     

    Here's where it gets even more interesting. Another of the requirements is that the number of "new 52 week highs" must be at least as great as the number of new 52 week lows, but no more than double that number. As you could guess, the number of new 52 week highs has been diminishing lately. But, it's already fallen below a necessary threshold of 75. Therein lies the true beauty of the Hindenberg Omen phenomenon, and here's why:

     

    The market is likely to bounce around here, likely to move up (who knows how far) from here, and in doing so, the number of "new 52 week highs" will once again begin to climb again a certain amount. But somewhere in the process, the rising market will leave behind a few stragglers who no longer have the power to keep up. Those will be the issues that make a "new 52 week low". Essentially, the HO is built around the intention of unearthing weakness in a market that "appears" to be strong. But it has so many factors built into its make-up that when it triggers, it means it, we'd better damn well pay attention. It's far superior to indicators such as "bullish percentage". In fact, the "bullish percentage" indicator has been totally useless for 5 months now, because it's been overbought for 5 straight months. And every time in the past 5 months that it gave a "sell" signal, it was a false alarm. Cost me a lot of money that bastard did.

     

    So even though many investors don't believe in any types of theories, or don't believe in charts at all, or don't believe momentum indicators have any value, or don't think Jim Cramer is an evil little retard, it doesn't hurt to have an open mind. And I think you have an open mind... my guess is that's why you're here.

     

    And please don't make any decisions based on waiting for this event to occur. Just keep taking care of your business as you've always done. I just urge you to keep an open mind and your finger on the trigger.

     

    By the way, Jim Cramer and people like him fit into a particular category of human being, based on the degree of knowledge and/or confusion they display or don't display. To find out what category Bozo Cramer fits into, you need to visit John Lounsbury's insta here:

     

    seekingalpha.com/insta...

     

    My friends tell me it's pretty funny.

     

    I'll update this tomorrow so come back if you're interested. Until then, don't let your birth certificate expire.
    27 Oct 2009, 06:01 PM Reply Like
  • SAS70
    , contributor
    Comments (72) | Send Message
     
    Rocks GREAT WORK!!!! Keep it up.

     

    Now I'm going to go watch the Dora the Explorer for the 50th time were not into Britney Spears here.
    27 Oct 2009, 06:34 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Albertarocks - - -

     

    You can link directly to your comment. You get the link by clicking on the "Link" prompt at the end of your comment and then copy (use Cntrl c) and paste into the new location, as I did here seekingalpha.com/insta...
    27 Oct 2009, 07:27 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 27 07:27 PM John Lounsbury wrote:

     

    > Albertarocks - - -
    >
    > You can link directly to your comment. You get the link by clicking
    > on the "Link" prompt at the end of your comment and then copy (use
    > Cntrl c) and paste into the new location, as I did here seekingalpha.com/insta...;

     

    But had I done that, it would make me look like an egotistical flake. Everybody added some great stuff there, particularly your own logic which was wonderful :-)
    27 Oct 2009, 07:49 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Hey guys! It didn't flash a signal yet, and I'll bet some of you were thinking it must have after a day like today. I wouldn't blame you if you were suspecting that.

     

    I mentioned that yesterday, the number of "new 52 week lows" had crept up to 11. So let's pretend the market popped up today, and those 11 popped up along with it. What would happen in that case is that the "number of new 52 week lows" would then go to zero once again. In other words, if every single stock on the NYSE rises by one penny each at the start of a day, there are NO new 52 week lows.

     

    Tonight that number has crept up a little bit more to 15. The number of new 52 week "highs" ranged from 1 to 23 and currently sits at 23. Yes, there were 23 new 52 week highs made today. What does all this mean? It just means that all the inputs that have to line up are not yet lined up sufficiently to trigger the HO. In the past 25 years, no market crash has occurred without a HO flashing its signal. But it "could" happen in theory. If it happens this time, it would be a first. My sense is that since the market is now short term oversold it could very well bounce hard in the morning. And once again, we'd have to let the pieces fall where they may and let the HO indicators work their magic and see what they say.

     

    Another requirement is that the 10 week moving average of the NYA must be rising. By golly, at this very moment it's gettin' ready to go flat if not roll over. But if the market bounces tomorrow, that won't happen.

     

    There are so many things that have to line up, and so far they aren't there. That's why this phonomenom doesn't flash false alarms very often... it's demanding.

     

    So relax for the night as best you can and expect a bounce in the morning. Under normal circimstances a bounce tomorrow would be expected.
    28 Oct 2009, 05:28 PM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    Thanks Rocks. Time to take the long ride home.
    28 Oct 2009, 06:20 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10802) | Send Message
     
    Thank you Rocks and John I will have to look at this.
    28 Oct 2009, 06:54 PM Reply Like
  • columbia1
    , contributor
    Comments (2) | Send Message
     
    Thank-you, My best guess at when the highest possibility of seeing the Hindenburg Oman would be in the next 3-4 weeks, right now we are in a sell-off, which is part of wave 1 down, after it bottoms, wave 2 up will start, and people will think the market is going to soar to new highs, but, that is what wave 2
    28 Oct 2009, 07:30 PM Reply Like
  • columbia1
    , contributor
    Comments (2) | Send Message
     
    Thank-you, My best guess at when the highest possibility of seeing the Hindenburg Oman would be in the next 3-4 weeks, right now we are in a sell-off, which is part of wave 1 down, after it bottoms, wave 2 up will start, and people will think the market is going to soar to new highs, but, that is what wave 2's are about, bull traps, and that is where I believe the best chance of seeing the Omen lay. At the top of wave 2, is when the market is most likely to be out of sync, with some sectors making new lows, while others are making new highs. A majority of investors will believe that this sell-off is only a correction, not what is to come very soon!!
    Long, USD
    Short, Equities
    Michael Eckert
    28 Oct 2009, 07:32 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    You're welcome columbia1. And thank you for your opinion :-)

     

    It remains to be seen, doesn't it. It's possible it may not trigger, although that's never happened before. My guess is that we'll get a bounce in the markets tomorrow. Under normal circumstances, I'd even have bet on it, late today. But I didn't place that bet because I don't think these are normal circumstances. I just don't know. Who does? That's really why I'm keeping this post going. I'm seeking knowledge just like everybody else is, and the Hindenberg Omen might offer a signal that could save a lot of people a lot of money.

     

    As a ray of hope, the fact that it hasn't triggered suggests that the odds of a bounce are greater than 50/50. And Elliott Wave theory might be coming to the rescue here too. It's saying that if we do get a bounce, it might be pretty good, maybe even to slightly new highs. But EWT is also saying that if we do get that bounce, it's likely it will be the last one for a few months.

     

    One last reminder, a Hindenberg Omen is not considered valid until a second occurrence of it, and that second occurrence has to happen within 36 days. It could happen on day two or maybe day 36... either would validate the HO. We haven't even seen the first occurrence, so I'm gonna sleep well enough tonight. I suggest you do the same.
    29 Oct 2009, 12:14 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    By the way, if we do get that bounce, the timing might just make a phophet out of you.
    29 Oct 2009, 12:19 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    A more convenient way, IMO, is to open a browser tab and click your stocktalks. Every once in a while, refresh it by either clicking it again or holding the control key while clicking refresh (the control key ensures that you don't just read from cache).

     

    To reduce your noise level, you can turn off everything but the comments.

     

    HardToLove

     

    On Oct 25 04:04 PM John Lounsbury wrote:

     

    > A note to those who want to know when he has posted a comment here
    > about the Hindenburg Omen. You need to become an albertarocks follower
    > and check the comments list on the right hand side of the SA home
    > page.
    >
    > The other way to check for deeper history is to go to his profile
    > page and review the list of his comments.
    29 Oct 2009, 07:38 AM Reply Like
  • Freya
    , contributor
    Comments (2343) | Send Message
     
    4 minutes and its up, up and away. Oil, gold, Dow, Rails, sox. are all at support levels.
    29 Oct 2009, 08:28 AM Reply Like
  • Freya
    , contributor
    Comments (2343) | Send Message
     
    So much for ...

     

    Take a look at the 1973-1976 time frame, within the long Secular Bear of 1966-1982. This is Pre-Home Computers for the most part and none of them really had more than a spreadsheet to work with. Amiga, Amiga, Amiga

     

    Hasn't anyone here lived, traded, been involved in a Cyclical Bull within a Secular Bear before? Its all one big accelerating move to the upside until previous highs are reached, that's where it stalls, at the Previous Highs.

     

    You snooze, You lose. Sector rotation is a Norm. When institutions move out of positions into new areas, I call it "sector rotation", some schmucks call it Insider Buying/Selling, I'm sorry??? GS buys and sells 5+% of a given stock and they are considered to be Insiders???

     

    By Law, they are given the same material info as I am, even if I do not Hold a single share. You pay attention to that garbage at your own Peril.

     

    The only real difference between then and now is Globalization and the Communication speeds. The ability to sift through a morass of stocks and comuniques to find the Best of the Best for you short term traders.

     

    Hindenburg Omen??? Someone found something that worked in the Past, now its being widely disemminated, once Known, will it ever work again? Once Known, The Program Traders will use it to hand your heads on a Pike with it.

     

    "Sell in May, September is the worst month, October Massacres" are all well known Platitudes and are used on the unwary.

     

    Alberta...Vittera???
    29 Oct 2009, 09:06 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    What a difference one day makes. Only 30 hours ago, at the end of Wednesday's trading, a whole lot of people, myself included, were thinking the worst. A quick glance at the chatter on SA exposed the fact that there was genuinely a lot of fear out there. Of course, there will always be those people, I can think of a few, who will proclaim that they knew all along that the 4 day plunge we all endured in agony, on massive volume, was nothing. "It was nothing you retards. Anybody with half a brain knew damned well it was only a little correction. I could have told you that!" No you couldn't have, you god damned liars. Only god knew for sure what was going to happen in the markets today and he doesn't participate on Seeking Alpha. He's having the time of his life right now in his temporary position as Chairman of the FED. He knows, but he's not telling. You're telling but you don't know. See the difference?

     

    In one of the most ironic twists that I can remember, and one that I certainly didn't see coming, was that while the Hindenberg Omen did it's thing, and in performing like it always has in the past, it produced a subdued message last night that quietly said: "there's no crash happening that I can see". How ironic is that? It hadn't dawned on me that it could predict something other than doom and gloom.Quite the contrary, it gave me, and hopefully you, the sudden realization that the bounce we were all hoping would occur today, was a very real possibility, if not "likely' to occur. And indeed it did! That signal of "non-confirmation" from the HO, had a calming affect that hadn't even occurred to me as a possible outcome. And to be very honest, I needed to hear that last night.

     

    Whoever gave the HO its name should really get off the drama drugs. A lot of times when it gives a signal, it certainly has not resulted in any real stock market disaster in the sense that the Hindenberg blimp disaster was a real disaster (the HO phenomenon was actually named after the real Hindenberg disaster). In reality, statistics show that when the HO triggers a signal, there is a 77% chance of a move of greater than 5%, and that doesn't necessarily happen immediately either. As far as I'm concerned, what the hell good is that information? None, in my opinion.

     

    By far, the more serious side of the HO is that when it triggers, it's also giving the heads up that something far more sinister is also possibly just around the corner. That's the information I'm after. Because statistically, when the HO has triggered in the past, the probability of a very real and huge panic selling event was a whopping 41%. And the probability of a major crash was a full 24 %. It's those latter statistics that make me pay attention to the HO. If there's going to be a major stock market crash, or even if it's only going to be your run of the mill gigantic panic sell-off, I damned well want to know about it ahead of time. That's what this thing does. For those who insist that any and all forms of technical analysis are just a bunch of voodoo, that type of closed mind opinion doesn't change the facts.

     

    Bottom line, if there's even the most remote of chance that there's going to be a melt-down, I want to know about it. And tonight, the Hindenberg Omen is saying "Folks, there's no danger on the horizon that I can see."

     

    The Elliott Wave gurus however, are telling quite a different story. It appears that most, if not all of them, are saying the same thing. And whether or not there is any validity to EWT, when all of them are seeing and saying the same thing, who in their right mind would not at least listen to their argument? And what they are saying is that in all likelihood, this is going to be one final thrust, possibly taking the S&P to a marginal new high, but that a new high may not even be attained, nor would it be essential in order to "conclude the deal". I don't know for sure folks. I've just got my reporter's hat on with that one.

     

    Fortunately, there are still many more tools that are available, that everyone on Wall Street uses, and enough of those tools are giving warning signals that tell us we should remain on our toes no matter what the HO says. For example:

     

    Prior to today, we'd seen a 6 day plunge on massive volume. That's scary shyte, let's be honest. Today, we saw the bounce we were all praying for. The problem is, that bounce was on relatively light volume. That's not what we'd normally expect if this was the start of a brand new rocket ride. But who knows for sure, maybe today's action was just the lighting of the fuse. After all, the treasury reportedly has 750 trillion bazillion dollars that they could introduce to the economy in a flash, simply by instructing the banks to loan it out. The velocity of money would go vertical and so would the stock markets. And the dollar would go vertical as well... since straight down also qualifies as vertical.

     

    So in reality, I think we're still looking at what happens at the G-20 meetings next week, and there's enough potential for the dark lords to emerge from that with news so bad it would make all of us puke on our keyboards at the same time. I just don't trust those demons enough to put my barf pail back in the barn quite yet. It sits right beside me until I hear what they have to say. And after that, I'll put it away but the copper collander won't be comin' off my head anytime soon. It shall for the foreseeable future remain my favorite hat.

     

    So stay alert. This bounce is not something I'm envisioning as a buying opportunity. But maybe that's just my foolish cautious side acting up again.
    29 Oct 2009, 10:03 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    I'm not going to write anything here until Sunday because I want to get the chance to read one of the gigantic newsletters I'll get on Saturday night. But would you please do me a favor and help me get a handle on how many people are actually interested enough to read this insta? The number of people who think it's all voodoo is massive. I'm not suggesting for a second that it's going to do anything magic. I'm only saying that if we don't have an open mind, we're guaranteed to lose in the overall scheme of things. I need this info and I'm only happy to share it. That's the only reason I'm even bothering to spend my time writing here.

     

    I assure you, far fewer people are going to be reading this than the number of people who know about it. I'd like you to click the "thumbs down" or "thumbs up", making sure that they are equal. Or hit all thumbs downs would be fine, but I don't want a net positive number there. I'm just using it as a counter and a non-scientific method of measuring openmindedness. My guess is that the number will be 5. Thanks for your help :-)

     

    See ya Saturday
    30 Oct 2009, 04:55 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    I mean Sunday
    30 Oct 2009, 04:55 PM Reply Like
  • Mayascribe
    , contributor
    Comments (9977) | Send Message
     
    Hell yeah, Rocks! I want to read it.
    30 Oct 2009, 05:03 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6023) | Send Message
     
    Me too Rocks....
    30 Oct 2009, 05:19 PM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    Alberta--- I think Freya indicated that she may not see much validity in the Hindenburg Omen. And while I prefer not to name names, I would probably rank her in the top 3 or 4 of all SA posters, INCLUDING authors, when it comes to brains and methodology. But on this particular item, I personally find it very useful, to the extent that it can be used in conjunction with several other methods in taking the temperature of the market. Or measuring the pulse, as it were. I always appreciate your thoughts on the H.O., whether you comment in a couple of paragraphs or much longer. I will say I don't think you should expend inordinate amounts of time on it . Thanks, Swash.
    30 Oct 2009, 05:24 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    You know I'll read it. Voodo or not, the things it teaches me as a side-effect ore very valuable. I I think you can never have too much information as long as you can blend them all properly.

     

    I feel I'm one of those.

     

    HardToLove

     

    On Oct 30 04:55 PM Albertarocks wrote:

     

    > <snip>
    > But would you please do me a favor and help me
    > get a handle on how many people are actually interested
    > enough to read this insta? The number of people who think it's
    > all voodoo is massive.

     

    Hnag on and I'll stick a few pins in the dolls of them.

     

    HardToLove
    30 Oct 2009, 06:52 PM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    ouch!!! Wrong doll HTL!!!!
    30 Oct 2009, 07:08 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4888) | Send Message
     
    Rocks - I am enjoying your commentary greatly. Looking forward to Sunday.
    30 Oct 2009, 08:18 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    That wasn't me! It was a relative of the moose you bagged! I tried to stop it, but it outweighed me by several orders of magnitude.

     

    And I ended up with "antler envy". ;-((

     

    HardToLove

     

    On Oct 30 07:08 PM doubleguns wrote:

     

    > ouch!!! Wrong doll HTL!!!!
    31 Oct 2009, 06:29 AM Reply Like
  • Freya
    , contributor
    Comments (2343) | Send Message
     
    To All and Sundry, and Any Port in the Storm, We are all in the same Foxhole, If it works, it Works. It doesn't matter what is used to get there as long as we know what the direction is.

     

    I held off buying anything on Friday. There's an Upgap around 7,300 on the Dow waiting to be closed, I thought it wouldn't be closed until 2012 but...?

     

    So post away, I'll be waiting.

     

    Rocks, Some numbnut gave you a thumbs down to get the Net below 5, I fixed it.
    31 Oct 2009, 07:19 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 31 07:19 AM Freya wrote:

     

    > To All and Sundry, and Any Port in the Storm, We are all in the same
    > Foxhole, If it works, it Works. It doesn't matter what is used to
    > get there as long as we know what the direction is.
    >
    > I held off buying anything on Friday. There's an Upgap around 7,300
    > on the Dow waiting to be closed, I thought it wouldn't be closed
    > until 2012 but...?
    >
    > So post away, I'll be waiting.
    >
    > Rocks, Some numbnut gave you a thumbs down to get the Net below 5,
    > I fixed it.<

     

    Thanks Freya, but I gave myself that thumbs down because people weren't doing what I'd asked them to do. I'd asked for at least enough thumbs downs to make the total net out to zero. The "5" is my guess at the total number of people who would visit here.

     

    It was just a silly thing I was doing simply because I didn't want to earn any thumbs ups for saying "I won't be posting anything here until Sunday". Every once in a while I get on this silly misguided "honesty" kick.

     

    But I hear ya. Thanks for the thumbs up :-)
    31 Oct 2009, 08:38 AM Reply Like
  • Freya
    , contributor
    Comments (2343) | Send Message
     
    Rocks, I was misunderstood in my earlier comment on the Hindenberg option.
    (I hear that all the time from my husband)

     

    I meant, and still do, that when an adage becomes well known, its easy to exploit. As far as I can tell, this is New. So crank up your Engine.

     

    I get to see patterns explode every day as Stops get taken out and reverse as soon as short term traders have finished unloading. Thats why both OG and I like to use long term Charts, We don't want to be run out of Dodge in our Core Holdings. We may buy More, though.

     

    Sometimes its just a Gut feeling.

     

    Here's my Ultimate adage, If you can't Sleep with the Position, Get out of it. There isn't much difference between an Anxiety Attack and a Heart Attack, why risk it.
    31 Oct 2009, 11:00 AM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    Freya---Thanks for the clarification. I may have been the only one to misunderstand the comment, I don't know. Or maybe only one other person besides me, since someone gave you a thumbs down on the comment.
    31 Oct 2009, 11:41 AM Reply Like
  • Clive Corcoran
    , contributor
    Comments (1207) | Send Message
     
    This is the first time I have encountered this formation and it is intriguing.
    Sounds as if the market has to become more internally conflicted than it is yet for all conditions to be met - but the dissonance is clearly increasing as the market goes through its bouts of seeing the outlook ahead as the glass that is half full/half empty - often within the space of a few minutes
    31 Oct 2009, 01:08 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Oct 31 11:00 AM Freya wrote:

     

    > I meant, and still do, that when an adage becomes well known, its
    > easy to exploit. As far as I can tell, this is New. So crank up your
    > Engine.<

     

    "Hindenburg Omen??? Someone found something that worked in the Past, now its being widely disemminated, once Known, will it ever work again? Once Known, The Program Traders will use it to hand your heads on a Pike with it."

     

    The quote above is what made me think you were flat out, insultingly, shooting down me and anything I have to say. Even if I drew the wrong conclusion about what you were trying to say, I'll never be the same. lol

     

    And OG properly slapped me for "preaching to the choir". She's right and I've stopped it, permanently. If people want to come here to see what I have to say, great.
    31 Oct 2009, 01:21 PM Reply Like
  • TradingHelpDesk
    , contributor
    Comments (538) | Send Message
     
    Really interesting article and links. Well worth exploring for those who haven't already.
    31 Oct 2009, 01:31 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    Rocks,

     

    Toughen up the old skin. In a group of thoughtful insightful folks, there will be disagreements. More importantly, there will be misinterpretations of intent engendered by limitations of the keyboard.

     

    There will even be folks getting up on the wrong side of the bed sometimes. That includes some of our most respected members.

     

    Divorce your ego (the good kind) when you're here and just keep on truckin' knowing that your contributions are both welcomed and valued.

     

    HardToLove

     

    On Oct 31 01:21 PM Albertarocks wrote:

     

    > On Oct 31 11:00 AM Freya wrote:
    31 Oct 2009, 02:16 PM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    All comments must be welcomed and valued lest we become lemmings with group think and get slaughtered.

     

    No I'm not gonna put in a link buy my fingers are wavering........ need more silver.

     

    Do the blue men have any job openings?
    31 Oct 2009, 02:32 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    This turned out to be a hell of a long read. I apologize, but it's a one time occurrence. We have a lot to cover, and might as well get it out of the way while we have time. Next time I post here, I promise, it will be very short. But this is important enough that we have to do it... just once. So get crackin......

     

    On the HO front, there's not much to report. I'm not necessarily surprised at that because I've never actually seen it flash a signal before, although I know exactly what it takes. At this point, the only way to interpret the fact that it hasn't triggered is that in light of all its parameters, the HO is simply not declaring a problem yet. On the other hand, I wonder if this would be the first time a serious drop in the markets could occur without the HO ever triggering? I have reason to suspect it's possible. But if that's the way it works out, this would be a first. For now, I assume it's just doing its thing.

     

    Having said that, some of the components required for it to trip are making moves toward an "occurrence", while some are not. For example, one of the requirements is that the 10 week SMA of the NYSE Composite Index ($NYA) must be rising. Believe it or not, that average has already gone flat. In theory then, if the market just kept falling from here, that SMA would do the same, and as such, disallow the HO from "ever" tripping this time around. We have to recognize and accept that it is mathematically possible. So in light of all the other market internals and other indicators in the toolbox, if the markets were to drop directly from here (as described below) "without recovery", there would be no point in waiting any further for the HO to trigger, because MATHEMATICALLY IT WOULD NO LONGER BE POSSIBLE. I hate to yell, but this is very important. If there's any benefit from reading my blather, at least you and I are now aware that this possibility, against all odds, could occur. I doubt anybody else has figured it out yet, so you're the first to know. We'll know tomorrow night wether or not the HO is still valid.

     

    On the other hand, if the market bounces for a few days, that SMA would turn up ever so slightly and that would be enough to keep the HO alive and well and "on the job". For those who've been following from the beginning of this insta, as a matter of interest only, I'll add that the number of new 52 week lows sits at 15 and rising, while the number of new 52 week highs sits at 21 and falling. Both need to be at least at 75. Market action can move both these numbers quickly (within hours), so there's every possibility they could hit their requirements.

     

    John started off this insta on the topic of the Hindenberg Omen, which at this time is neutral. So since you're here and since we've seen some pretty scary market action, why don't we look at some of the other tools at our disposal. The market internals have been simply and utterly destroyed in the past week. I could name a dozen of them, but there's no point unless you ask me to "prove it". You'll hear about some of them on the MSM anyway (not often, but it happens), such as "bullish percentage" which had until recently been at levels never before seen in the history of the NYSE. That particular indicator has gone south in one hell of a hurry on every index. If you want more evidence, you could look up the MacLellan Oscillator Summation Index ($NASI) as another example. That one is a very broad based indicator that takes into account long term price action... not just action of the past 6 months or so. There's no point in going into the mathematics of its make-up here. But it's proven very dependable, and it's headed sharply lower as well.

     

    Which brings us to the topic of Elliott Wave Theory and the hopes that it can offer some guidance. Elliott Wave theory, whether voodoo or not, is at best subjective. That's undoubtedly the main reason so many people simply dismiss it. But contrary to the opinion of non-believers, it is unquestionably at least "helpful". No doubt about that. In practice, a practitioner can only really discern the shape of a wave once it's finished and officially in the record book. But by recognizing that past pattern, he can gain a reasonably good clue about what "general" shape and size that the next wave (the wave that we're now in) will ultimately take. "Clue" and "general" being the operative words. But in the present, it's always going to be no better than subjective. Different people see different things.

     

    Its very much like two kids lying on the lawn in the summertime seeing what shapes are in the clouds. For example, my friend would sometimes see a gerbil or an elf while I invariably saw a beautiful raven haired little nymph with great big knockers and arms outstretched in a naughty and sensual invitation to an afternoon of hot raunchy sky fun. With beads of delicious perspiration running between glorious globes and down my brow in playful unison, urging me to come lie with her and with my youthful virgin lips taste the sultry sweetness of her heaving silken nip....

     

    ...Where the hell was I? Elliott Wave? Oh yeah.

     

    It's subjective. A practitioner can be drawn into seeing "what he wants to see". For more professional analysis, let's look at the findings of two of the real Elliott Wave experts who I subscribe to, one of whom has become great cyber friend of mine from Denver.

     

    Last week, both of them were in agreement. This week, they aren't quite. One of them has flat out declared that the top occurred Oct. 21 and that a "catastrophic" down leg has begun. "Catastrophic" is his word, not mine. Indications are that it would most likely be a plunge that tests the March lows. If he's right, it would likely take several months with numerous bounces along the way, or it could be more dramatic. If you asked my best guess, I'd have to say in all honesty... nobody knows. Anyway, in a final willingness to cede one last hope, this analyst is still willing to offer that his second (and less likely) scenario is still possible. And that possibility concurs with the second analyst whose interpretation is described in the next paragraph.

     

    The second analyst (my buddy from Denver) has always been more reluctant to make flat out declarations about change in trend. His view is that the market is currently hanging by a fingernail but still has to "prove its case". His analysis does agree that we do indeed ultimately face the same plunge that the first analyst sees, regardless of whether it happens tomorrow or two weeks from now. His view is that if the S&P drops below 1030 convincingly, the rout is on. Let me define "convincingly". If it happens in the next week with volume and speed, he would immediately confirm his conclusion that the markets are headed much lower. As the markets sits this weekend, he's still willing to recognize the possibility of one last thrust up, but at best, something minimal. It might reach new highs, but if so, barely. Ultimately, at the conclusion of that last small possible leg up, the plunge is in the cards. I think it safe to say that at this point, it would be wise to wait it out and let the market show us convincingly what it wants to do. We're at a critical juncture and key levels aren't too far away above or below, so we're going to know fairly soon one way or the other. 1030 seems to be the magic number on the downside.... that's the key according to both the analysts I subscribe to. I think at this point I should take the good advice of my friend Mayascribe and advise you to do your own due diligence. Don't trust me. I'm not even an American, what the hell do I know about the American markets? But my friends are Americans, so... I just do my thang and hope it helps.

     

    The bottom line? All Elliott Wave theorists that I've read are in agreement, that no matter what happens in the next couple of weeks, no matter what we hear on the media, no matter what earnings reports say, a major plunge lies ahead. But maybe they're all wrong. Stranger things have happened. Maybe some unforseen event will mess everything up. Maybe the FED will explode. Jesus, now there's a thought!!!!

     

    There's one more and final component that I consider very important, but which none of the pros seem to emphasize quite as heavily as I think is warranted. It's all about the dollar, baby! If something happens at the G-20 that permits the dollar to resume its plunge in more or less free fall fashion, all bets are off. In that scenario, the stock markets could prove the unthinkable, that this entire move from the March lows has been mislabeled all along, that the FED is going to permit the dollar to drop with no intervention whatsoever. The implications of that are close to incomprehensible. It suggests that the Dow might be on its way toward 15,000 or 92,000 and possibly in one hell of a hurry. None of the professional theorists consider that possible. The odds of this happening would be in the same proportion as the odds of the dollar losing another 40-70% of its value in the same amount of time.

     

    Unless the current "inverse" relationship between the dollar and the markets somehow and immediately becomes magically broken, a surge in the dollar would by default result in the market plunge we're considering here. Needless to say, neither scenario looks very good. Here's a chart I put together, which clearly demonstrates this relationship so you can see more easily see what I'm referring to. Dollar up, stocks down, and vice versa:

     

    stockcharts.com/h-sc/u...

     

    In my humble opinion, the odds of such a scenario (of the markets soaring and the dollar plunging) are near zero, but.... who knows what the global banking cabal have up their sleeves? Whatever happens, it's certainly appears to be all about the dollar, and right now the Elliott Wave analysis of the dollar itself shows the very real possibility of a powerful surge that could last 3-6 months or so .... unless the G-20 turds pull off something we can't foresee. But if logic comes into play, I can't really see much of a scenario other than a temporary period of deflation for perhaps half a year (just an estimate using EWT)... subject to the possible shenanigans mentioned above.

     

    In the meantime, let's just keep our eye on the markets, keep our stops tight, watch the HO and see what transpires on that front. If the S&P drops through 1030 convincingly as described above, there would be no further point in considering the Hindenberg Omen. If the market tanks on Monday, we're not going to need any Hindenberg Omen to warn us... and we won't have time to wait for it. It wouldn't be tripping at all, a first.

     

    The media in both the United States and Canada (the entire world for that matter) absolutely refuse to even entertain such notions that we're considering here. Of course they wouldn't, because they are basically the media branch of the FED. That's unquestionably why so many people refuse to accept even the "possibility" of a major market occurrence.

     

    The next time I post here, I promise it will be much, much shorter. I just feel its important to do a once only rundown of the current situation and a one time only discussion of EWT. Tomorrow, just a short crisp update on the HO.

     

    In all down markets there will be winning stocks. But if the markets tank as it appears is very possible, that's one strong current I'm not even going to consider swimming against. Nobody among you hopes more than I, that I'm worng. But even if even I'm right, not all is lost. We can make one hell of a big honkin' shitload headin' south just as easily as north, and most likely much, much faster), so....

     

    Don't worry, be happy :-)

     

    www.dailymotion.com/vi...

     

    A trippy look into the past. Wacky Robin Williams doin' his thang.
    1 Nov 2009, 03:53 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    My sincere apologies for the length of that post. Once I'd posted it, I concluded that it was ridiculously long, although important to go over one time only.

     

    But I decided to delete it, and SA wouldn't let me. So.... my apologies

     

    Tomorrow will be short and sweet, and Tuesday, who knows... any discussion about the HO might be a moot point
    1 Nov 2009, 04:20 AM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Alberta - - -

     

    I'm glad you couldn't delete it. It was a good read and very insightful. There is a good chart by Doug Short drawing historical comapisons of the current situation to the rwo longest bear markets of the last century. It goes very well as background music for your discussion. (See seekingalpha.com/artic... )
    1 Nov 2009, 12:03 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Hey John! Well it's down to you and me and maybe a couple others. lol

     

    Today's action resulted in almost no change whatsoever in the components and requirements that would trigger the HO. The factor I'm focusing more closely on now is the 10 week SMA of the $NYA. As I'd mentioned, it went flat on Friday. And today's action didn't move it either way... so it's still flat. So I'll reiterate, if the market continues to drop tomorrow, that average will also turn lower. That would make it mathematically impossible for the HO to trip, because one of the requirements is that that average be moving "up".

     

    As I've mentioned a few times already, if the market is in for a serious sell-off, and closes lower than today's close, and the HO fails to give a signal, it would be the first time in the past 25 years that it would have failed.So for tomorrow, it may or may not help you to have this knowledge... if the market "closes" lower than today, there's no point in any of us waiting for the HO to signal. Should you run into any other technicians or newsletters or anything like that who are still promoting the validity of the HO, they've simply overlooked this important detail.

     

    On the other hand, there's no reason not to expect a bounce tomorrow, and in that event, the HO is still alive and valid. In that case, whether or not it "flashes" still remains to be seen.
    2 Nov 2009, 07:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    LOL, still watching - now mostly from the sidelines, lots of cash ready to buy back in at a good low price.

     

    Catfish sittin' on the bottom of the lake, waiting for the food to reach my level.

     

    If I had to guess what the G20 will be doing, I have to first start with Obama. He has gone to these cats for help on several occasions in the past (NATO boost in Afghanistan? No. Russia yielding a bit after Obama gifted them the keys to the city? Nope. China? LOL, how about nearly a trade war!).

     

    So lets assume the dynamic repeats again. Obama goes to the G20 promoting his plans - more zero interest stuff, more support for insane trillions of dollars for social programs, more trillions funneled into fighting Global Warming (which many among the G20 do NOT believe in, except if they can be on the receiving end of the goodies), more billions of their reserves invested in our bond market...

     

    And they just say "No" as usual...
    2 Nov 2009, 08:30 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Great points buddy. From what I've been reading, the G-19 are ready to do some lynching. I get the sense that there's intense pressure aimed at getting something, even if it's only rhetoric, out of Bernanke in support of the dollar. I imagine there will be a little pushing and shoving goin' on over there. I'd love to be a fly on the wall at that one. lol
    2 Nov 2009, 08:51 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    On Nov 01 03:53 AM Albertarocks wrote:

     

    > This turned out to be a hell of a long read.<snip>

     

    Comprehensive coverage can't be abbreviated well.

     

    Thanks for the update.

     

    HardToLove
    3 Nov 2009, 07:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    finance.yahoo.com/news...

     

    Is this the out-of-the-blue event that will tip the averages upward, and keep the Omen viable?

     

    Does the Oracle from Omaha purposely do this sort of quixotic move with timing like this?

     

    LOL, it could well be just enough to turn a market drop into an increase, though, look at what is happening to the futures...
    3 Nov 2009, 08:09 AM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    Rocks I will finance the rope if they promise to throw in Barney, Nancy, Ben, Timmy and some GS thieves once they have finished with BO.

     

    On Nov 02 08:51 PM Albertarocks wrote:

     

    > Great points buddy. From what I've been reading, the G-19 are ready
    > to do some lynching. I get the sense that there's intense pressure
    > aimed at getting something, even if it's only rhetoric, out of Bernanke
    > in support of the dollar. I imagine there will be a little pushing
    > and shoving goin' on over there. I'd love to be a fly on the wall
    > at that one. lol
    3 Nov 2009, 08:28 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    I'm just workin' out how much it will cost me for a freight car full of champagne. It'll be for "yall".
    3 Nov 2009, 09:29 AM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Eh, a Canadian lad talkin' "southren"!

     

    And to correct your spelling, ahem, its "y'all".

     

    Or in some parts of Jojah (Georgia) hereabouts, the more high-fallutin' say "you-all".

     

    On Nov 03 09:29 AM Albertarocks wrote:

     

    > I'm just workin' out how much it will cost me for a freight car full
    > of champagne. It'll be for "yall".
    3 Nov 2009, 09:33 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Nov 03 08:09 AM tripleblack wrote:

     

    > finance.yahoo.com/news...;.v=1
    >
    >
    > Is this the out-of-the-blue event that will tip the averages upward, and keep the Omen viable?<

     

    Man! Well the trannys have been leading this recent drop and they're already "short term" oversold. So I'd expect they'll get the bounce this move was designed to produce. But in my view he's catching a falling dagger. He should know better than that. I think it's theatre.

     

    > Does the Oracle from Omaha purposely do this sort of quixotic move with timing like this?<

     

    In my opinion, yes. My view has always been that the Oracle isn't what he's purported to be.

     

    > LOL, it could well be just enough to turn a market drop into an increase, though, look at what is happening to the futures...<

     

    Know what tripper? The shape of the $SPX makes me suspect a nice bounce is just around the corner. I'd doubt if it surpasses 1070 though. So I've tightened up my stops real good on the bearish positions I have. But none of that changes my view of where we're ultimately going.
    3 Nov 2009, 09:34 AM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    If I had a dollar for every time in the past that the oracle has vowed he would NEVER split his stock, not no way, not no how, I'd be involved primarily in philanthropy today. He has told friends many times "May you live until Berkshire splits its stock." Of course, there was a day that he said options were evil incarnate, too......

     

    On Nov 03 08:09 AM tripleblack wrote:

     

    > finance.yahoo.com/news...;.v=1
    >
    >
    > Is this the out-of-the-blue event that will tip the averages upward,
    > and keep the Omen viable?
    >
    > Does the Oracle from Omaha purposely do this sort of quixotic move
    > with timing like this?
    >
    > LOL, it could well be just enough to turn a market drop into an increase,
    > though, look at what is happening to the futures...
    3 Nov 2009, 09:45 AM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    Guess that proves it, I'm poe. I say y'all.

     

    On Nov 03 09:33 AM tripleblack wrote:

     

    > Eh, a Canadian lad talkin' "southren"!
    >
    > And to correct your spelling, ahem, its "y'all".
    >
    > Or in some parts of Jojah (Georgia) hereabouts, the more high-fallutin'
    > say "you-all".
    3 Nov 2009, 09:49 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6023) | Send Message
     
    I suspect the Buffett BNSF play is actually a coal / china and energy play. BNSF moves low sulphur coal…. China buys a lot of that coal…. next step, if he has not already done it is a shipping line to carry the coal, and perhaps some coal fired electric plants. Smart man.
    3 Nov 2009, 09:57 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    They're probably not true Georgians, but are re-located Yankees!

     

    Here in NC we have a town named CARY. It stands for "Containment Area for Re-located Yankees". That's where we hear "you-all" instead of the more semantically correct "y'all".

     

    HardToLove

     

    On Nov 03 09:33 AM tripleblack wrote:

     

    > Eh, a Canadian lad talkin' "southren"!
    >
    > And to correct your spelling, ahem, its "y'all".
    >
    > Or in some parts of Jojah (Georgia) hereabouts, the more high-fallutin'
    > say "you-all".
    3 Nov 2009, 10:00 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Haha1 I'm sure you guys realize I'm outta my league here. I don't speak southern very well. But I speak northern real good eh.

     

    Every time I see Top Guns post a comment though, I still chuckle about the first time I saw him say "yall". I think that's how he spelled it. I didn't know there were different versions of. Man, I gotta get out a little more often. lol
    3 Nov 2009, 10:05 AM Reply Like
  • yellowhoard
    , contributor
    Comments (1507) | Send Message
     
    Ever since Buffet started appearing on CNBC to spin his wholesome wisdom to all of us cretins out here, I've been skeptical of the guy.

     

    Next thing you know, he's a big Obama backer.

     

    For a guy that got rich on capitalism, he sure seems determined to make sure that no one who follows him can do the same.

     

    Now that he has accomplished everything that he possible could in his life, his only remaining pleasure is schadenfreude.
    3 Nov 2009, 10:11 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6023) | Send Message
     
    What a great sound byte that would be… sung to the melody of danke shane

     

    Schadenfreude, suckers Schadenfreude.
    Thank you for all the hurt and pain.

     

    Aieeeee…. anything but the tune of danke shane ….
    3 Nov 2009, 10:22 AM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Next year my wife (born in Opelika, Alabama) and I (Born in Fort Benning, Georgia) will be doing a 1 day art show in Cary, NC.

     

    LOL, we'll listen out for fake southern accents. Carpetbaggers been keepin' up the skeer for a long time in this part of the South...

     

    On Nov 03 10:00 AM H. T. Love wrote:

     

    > They're probably not true Georgians, but are re-located Yankees!
    >
    >
    > Here in NC we have a town named CARY. It stands for "Containment
    > Area for Re-located Yankees". That's where we hear "you-all" instead
    > of the more semantically correct "y'all".
    >
    > HardToLove
    3 Nov 2009, 10:45 AM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    LOL, I knew I was in the right place!

     

    Canadians talking southern, southerners who ARE southern, and folks who understand German (me being half German and 3/8 Cherokee) and who look at the guy from Omaha as one of those "ladder capitalists" (make their money, then pull up the ladder so nobody else can do the same).
    3 Nov 2009, 10:49 AM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    Not to be a nit-picker, but it's po', as in "We's jus' po' folks".

     

    Sheesh! The "igorance" 'round here!

     

    HardToLove

     

    On Nov 03 09:49 AM doubleguns wrote:

     

    > Guess that proves it, I'm poe. I say y'all.
    3 Nov 2009, 10:53 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Wow! I just heard that Russian stocks are down 11%. No details. WTF?
    3 Nov 2009, 10:57 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    That can't be right. I can't find any evidence of that Russian thing. Maybe it was just a sector. I only heard it off in the distance, and wasn't really paying attention.
    3 Nov 2009, 11:11 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Maybe Buffett's going to build 11 new vodka factories in Gdansk. Yeah, that must be it. It must have been the share price of Russia's currently largest vodka producer.
    3 Nov 2009, 11:13 AM Reply Like
  • Mayascribe
    , contributor
    Comments (9977) | Send Message
     
    Yinz care to guess what yinz means in Pittsburgheese?
    3 Nov 2009, 11:43 AM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Youse guys.

     

    On Nov 03 11:43 AM Mayascribe wrote:

     

    > Yinz care to guess what yinz means in Pittsburgheese?
    3 Nov 2009, 12:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    LOL, true, true...

     

    Of course, he COULD have been doing a double entendre, ie, "poe" as in Edgar Allen, a literary reference, COMBINED with some southern spin, "po", LOL, way too complicated, but sometimes fractured quotes come out that way if you try to get too cute...

     

    On Nov 03 10:53 AM H. T. Love wrote:

     

    > Not to be a nit-picker, but it's po', as in "We's jus' po' folks".
    >
    >
    > Sheesh! The "igorance" 'round here!
    >
    > HardToLove
    3 Nov 2009, 12:08 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    For what it's worth, I've got a hunch here. The shape of this leg down sure looks like something I recognize. I could be very wrong, buy my hunch is that the S&P could hit about 1025 today and be all set up for a hefty bounce. My guess would be 1070 max
    3 Nov 2009, 12:10 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Tripleback - - -

     

    Could you post a comment on something I write to let me know the date and location of the art show? I live close enough to Cary to drive over to meet you and your wife.

     

    On Nov 03 10:45 AM tripleblack wrote:

     

    > Next year my wife (born in Opelika, Alabama) and I (Born in Fort
    > Benning, Georgia) will be doing a 1 day art show in Cary, NC.
    >
    > LOL, we'll listen out for fake southern accents. Carpetbaggers been
    > keepin' up the skeer for a long time in this part of the South...
    >
    3 Nov 2009, 12:56 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    I will try to remember, its not until next summer, I believe.

     

    I keep an up-to-date list of our shows and appearances on my website at stanbruns.etsy.com , though right now it just shows our list through December. We will be finalizing our shows for 2010 over the next few months, and I will add to the list as we firm up our schedule.

     

    I would really like to meet you or any of the folks from SA, for that matter, at any of the shows. We plan to do about 30 art shows in 2010, plus 3 Renaissance Faires and several Science Fiction Conventions.

     

    On Nov 03 12:56 PM John Lounsbury wrote:

     

    > Tripleback - - -
    >
    > Could you post a comment on something I write to let me know the
    > date and location of the art show? I live close enough to Cary to
    > drive over to meet you and your wife.
    3 Nov 2009, 01:04 PM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    Tripleblack---Impressive website. Apparently much talent involved.
    3 Nov 2009, 01:09 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    Ahhhmmm.....maybe no ladies!

     

    On Nov 03 12:13 PM Albertarocks wrote:

     

    > Since there's no women in this room I can tell you guys this. Gotta
    > just love BNN. Yesterday one of the anchors actually said: "It's
    > your fucking job".
    >
    > He was quoting from a book about Bear Stearns I thing, but still
    > it's refreshing that BNN is a real honest network. I fuckin' love
    > it.
    3 Nov 2009, 01:16 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Oops!
    3 Nov 2009, 01:32 PM Reply Like
  • doubleguns
    , contributor
    Comments (8383) | Send Message
     
    Born in Jacksonville NC graduated HS in Albany GA have not returned but for a very few occasions and a 30 yr HS reunion my "southern" spelling is lacking. I guess I need to go bact to get ejumacated or I could just let HTL correct me some more. That would be a lot cheaper for a po boy like me, eh.

     

    Triple you an army brat. I had about 35 acres in Cassetta Ga on Manta road, and my father had a deer camp there where we used to hunt Ft Benning all the time. All sold off now. Ft Benning red clay roads were like ice if it rained. Been in a ditch many times, yeehawing down those roads dodging tanks and troops. Good memories.
    3 Nov 2009, 01:47 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Hey, you're for real, guns, I can tell.

     

    I was born in Georgia, but I grew up sort of "everywhere". I had a British accent when I was 11 from living in that country a tough year, got some scars to prove that Americans were none too popular at the time... Then Germany for a few years, Japan, then back to a lot of bases in America, though mostly Fort Bragg (near Fayetteville, NC), dad was 82nd Airborn, after all...

     

    Army brat is right. And yep, wet Georgia red clay will dump you in a ditch (or down the side of a mountain) in a heartbeat. ESPECIALLY in a jacked up pick'm'up (my brother-in-law just about did us both in that way once upon a time).

     

    On Nov 03 01:47 PM doubleguns wrote:

     

    > Born in Jacksonville NC graduated HS in Albany GA have not returned
    > but for a very few occasions and a 30 yr HS reunion my "southern"
    > spelling is lacking. I guess I need to go bact to get ejumacated
    > or I could just let HTL correct me some more. That would be a lot
    > cheaper for a po boy like me, eh.
    >
    > Triple you an army brat. I had about 35 acres in Cassetta Ga on Manta
    > road, and my father had a deer camp there where we used to hunt Ft
    > Benning all the time. All sold off now. Ft Benning red clay roads
    > were like ice if it rained. Been in a ditch many times, yeehawing
    > down those roads dodging tanks and troops. Good memories.
    3 Nov 2009, 01:55 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    You are all much too kind. More like decades of grim determination. I just never grew up, I guess.

     

    I just hope I can contribute to the group here on SA.

     

    On Nov 03 01:09 PM Swashbuckler wrote:

     

    > Tripleblack---Impressive website. Apparently much talent involved.
    3 Nov 2009, 01:56 PM Reply Like
  • lower98th
    , contributor
    Comments (1420) | Send Message
     
    The best thing about the great southern ice storm is watching all those yankee transplants trying to show us how to drive on "snow."
    3 Nov 2009, 02:03 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    LOL, now that's true! And with "global warming" conditions looking like they are set to "ice" this winter, watch out around Cary (or Asheville, for that matter).

     

    In Atlanta, its different, we are JUST south of the snow and ice line MOST of the time, though we are overdue for one of the big ones to hit us too.

     

    On Nov 03 02:03 PM lower98th wrote:

     

    > The best thing about the great southern ice storm is watching all
    > those yankee transplants trying to show us how to drive on "snow."
    3 Nov 2009, 02:12 PM Reply Like
  • Swashbuckler
    , contributor
    Comments (715) | Send Message
     
    TRIPLE---I have a brother who has lived in Fayettnam for 22 years. Bragg buys equipment from him every day. Another brother lives in Cumming, GA. So all this southern talk ain't lost on me.

     

    On Nov 03 01:55 PM tripleblack wrote:

     

    > Hey, you're for real, guns, I can tell.
    >
    > I was born in Georgia, but I grew up sort of "everywhere". I had
    > a British accent when I was 11 from living in that country a tough
    > year, got some scars to prove that Americans were none too popular
    > at the time... Then Germany for a few years, Japan, then back to
    > a lot of bases in America, though mostly Fort Bragg (near Fayetteville,
    > NC), dad was 82nd Airborn, after all...
    >
    > Army brat is right. And yep, wet Georgia red clay will dump you
    > in a ditch (or down the side of a mountain) in a heartbeat. ESPECIALLY
    > in a jacked up pick'm'up (my brother-in-law just about did us both
    > in that way once upon a time).
    3 Nov 2009, 02:13 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    Hey Rocks!

     

    $DJT +200 today? Would this normally lead the $DJI? Or maybe means nada at this point?

     

    HardToLove
    3 Nov 2009, 03:46 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    Similar story here. Army brat, Phoenix AZ was called home just because that's where grandparents were and where we always went to visit.

     

    I moved my family to NC in 1975, said "Look at all those trees" and haven't left yet.

     

    Been here so long I'm almost native. Probably am, one wife buried here, kids raised here.

     

    "Fayettnam"! LoL!

     

    HardToLove

     

    On Nov 03 02:13 PM Swashbuckler wrote:

     

    > TRIPLE---I have a brother who has lived in Fayettnam for 22 years.
    > Bragg buys equipment from him every day. Another brother lives in
    > Cumming, GA. So all this southern talk ain't lost on me.
    3 Nov 2009, 03:50 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    I swear it true: when I moved out here zI transferred into a headquarters group for Western Electric that transferred from New Yawk. Heard the words "turlet" and "boids" many times. Before that, I thought it was only on TV!

     

    The other thing I learned is that once you got to know 'em, they were some of the greatest folks, contrary to what I had learned from TV up 'til then.

     

    HardToLove

     

    HardToLove

     

    On Nov 03 12:05 PM tripleblack wrote:

     

    > Youse guys.
    3 Nov 2009, 03:59 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    We're doing the "Christmas in Cumming" craft show this December.

     

    LOL, yep, haven't heard "Fayettenam" for a while, not since Dad was there and the attention was all on John Wayne's School for Boys.

     

    I was never posted there when I was in the service, but I remember that (and Spring Lake, which is where we lived) very well.

     

    On Nov 03 02:13 PM Swashbuckler wrote:

     

    > TRIPLE---I have a brother who has lived in Fayettnam for 22 years.
    > Bragg buys equipment from him every day. Another brother lives in
    > Cumming, GA. So all this southern talk ain't lost on me.
    3 Nov 2009, 04:13 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Folks are folks, pretty much wherever you go. I go by the "Rule of Thirds".

     

    1/3 of people are jerks, crooks, and not to be trusted.

     

    1/3 are angels, honest, wonderful folks you can count on to do the right thing.

     

    1/3 are a mixture, confused, half-baked beings, that can jump either way.

     

    My experience has been that the Rule holds with any group, rich, poor, fat, skinny, pretty, ugly, talented, or not, Ivy league educated or hillbilly dropouts.

     

    On Nov 03 03:59 PM H. T. Love wrote:

     

    > I swear it true: when I moved out here zI transferred into a headquarters
    > group for Western Electric that transferred from New Yawk. Heard
    > the words "turlet" and "boids" many times. Before that, I thought
    > it was only on TV!
    >
    > The other thing I learned is that once you got to know 'em, they
    > were some of the greatest folks, contrary to what I had learned from
    > TV up 'til then.
    >
    > HardToLove
    >
    > HardToLove
    3 Nov 2009, 04:19 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    I thought only Archie Bunker said "terlit". Boids? What the hell are boids?
    3 Nov 2009, 04:27 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Nov 03 03:46 PM H. T. Love wrote:

     

    > Hey Rocks!
    >
    > $DJT +200 today? Would this normally lead the $DJI? Or maybe means
    > nada at this point?<

     

    Great question. My chart service is alway delayed with the volume on that index (only that index) for some reason. If you could verify that it's on extremely light volume, then it means squat. Actually, that would be very telling, that the ploy to "pump up" the trannys won't work, unless it also "pumped up the volume".
    3 Nov 2009, 04:31 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Alberta - - -

     

    Its "boids" as in "boids and bees". How did you ever explain the facts of life without boids?

     

    On Nov 03 04:27 PM Albertarocks wrote:

     

    > I thought only Archie Bunker said "terlit". Boids? What the hell
    > are boids?
    3 Nov 2009, 05:44 PM Reply Like
  • tripleblack
    , contributor
    Comments (13542) | Send Message
     
    Shoot John, I had been trying to think of a snype hunt answer...
    3 Nov 2009, 05:48 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Haha! Man, when I read "boids", the first thing I thought of was "roids" so I had no clue what boids were. But now that you told me, I guess I have heard somebody say that word on TV, but I've never heard anybody say it in the real world. I'm more likely to hear "hoser" than boids.

     

    As far as the HO is concerned, it's still valid. The move up in the $NYA today, as small as it was, allowed the 10 week SMA of same, to rise. In no respect is it close to flashing a signal though, although it could in the days to come. I still have that hunch we'll get a bounce possibly into Friday. But man, personally I absolutely will not be long over a weekend.
    3 Nov 2009, 05:58 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    I won't be able to tell until later. There is a lag from close to when it's available. I'll check tomorrow first thing.

     

    HardToLove

     

    On Nov 03 04:31 PM Albertarocks wrote:

     

    > On Nov 03 03:46 PM H. T. Love wrote:
    3 Nov 2009, 06:10 PM Reply Like
  • SAS70
    , contributor
    Comments (72) | Send Message
     
    Don't know about snypes never been able to bag one although an ex girlfriend gave it hell one night. But there is a bar Watkins Glen, NY that has a nice jackalope and the brave hunters severed finger.

     

    On Nov 03 05:48 PM tripleblack wrote:

     

    > Shoot John, I had been trying to think of a snype hunt answer...
    3 Nov 2009, 06:12 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    On Nov 03 06:10 PM H. T. Love wrote:

     

    > I won't be able to tell until later. There is a lag from close to when it's available. I'll check tomorrow first thing.<

     

    Thanks HT, but my chart service has it up to snuff now. The pop in the trannys was on massive beautiful volume, so it's significant for sure... at least for the transportation index.
    3 Nov 2009, 06:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (18038) | Send Message
     
    Ditto. But when I was young and moved out here, I hadn't learned such yet. Needless to say, my view of the South was also erroneously molded by TV and growing up mostly on military bases.

     

    When I moved out here, I had concerns that were soon allayed.

     

    Although it's not this way now, I'll give an example that has stuck with me forever.

     

    In 1975 I was *flabbergasted* when pulling out of a drive at a shopping center and traffic was heavy. A driver stopped their car and waved me out. I've never forgotten and practice that simple courtesy whenever I can to this day. It never would've happened in other plaes I'd lived.

     

    It didn't take long for the settings and people here to set my view straight.

     

    I guess that's why I still have no desire to leave here yet, even though the kids are grown and gone. For the first time in my life I had met people that knew each other all their lives. I felt I had missed something and said I wouldn't move until the kids were grown.

     

    HardToLove

     

    On Nov 03 04:19 PM tripleblack wrote:

     

    > Folks are folks, pretty much wherever you go. I go by the "Rule
    > of Thirds".
    >
    > 1/3 of people are jerks, crooks, and not to be trusted.
    >
    > 1/3 are angels, honest, wonderful folks you can count on to do the
    > right thing.
    >
    > 1/3 are a mixture, confused, half-baked beings, that can jump either
    > way.
    >
    > My experience has been that the Rule holds with any group, rich,
    > poor, fat, skinny, pretty, ugly, talented, or not, Ivy league educated
    > or hillbilly dropouts.
    3 Nov 2009, 06:20 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4888) | Send Message
     
    Rocks - I am enjoying all the posts and am very glad you could not delete that long comment. I found that it represents a very interesting point of view that is very close to my own.

     

    I've been driving for most of the last two days and had a lot of work to do late into the night last night. Been fixing errors (thanks to our government workers) on ownership issues for the whole day today, so I have been catching up. I've only spent the last 19 years in Virginia and lived for a little over 5 years in Texas (1 of those in Ft Hood, near Killeen), but my only military connection was my own short 3 years of service. I've moved around enough on my own, though.

     

    Hey, the rest of this thread has been great entertainment with a few good excellent pieces of information stuck in here and there. But that is what I am used to finding and am greatful for the crumbs I am able to glean.
    3 Nov 2009, 06:21 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Welcome back Mark. I'm glad your trip was safe and I'm equally glad you're enjoying this insta. If it gets too long, maybe John would be kind enough to start it up again like OG does. I've never done an insta and for now I'd rather not. I find it comfortable to hide in here.
    3 Nov 2009, 06:27 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (4888) | Send Message
     
    Triple - Do you ever show your wares at the Fall Folliage Festival in Waynesboro, VA? It's a fair sized art show (not huge, all adjudicated), allows 200 or so artists to display, and draws a crowd of around 20,000 over the Sat-Sun weekend. It seems pretty cheap at about $200 for a 10x10 space. I don't know has that compares to your experience, but the artists I know personally say it pays them to attend. Then again, you may be able to do better without traveling that far. Just a thought.
    3 Nov 2009, 06:40 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6774) | Send Message
     
    Sounds like a schizophrenic market, and a warning signal.

     

    On the subject of the "boids" and bees, this reminds me of a woman I used to date. Everyone I knew who met her either "loved" her or "hated" her. NO ONE was "neutral."

     

    She turned out to be a "bust." Big time.

     

    On Nov 03 04:27 PM Albertarocks wrote:

     

    > I thought only Archie Bunker said "terlit". Boids? What the hell
    > are boids?
    3 Nov 2009, 07:06 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » Alberta - - -

     

    I could do the following:

     

    Write a new Hindenburg post (maybe call it "Hindenburg Omen Extended").

     

    Then edit this post to put a note about the new post and give the link. I would advise that the reason was to keep the more current comments more accessible.

     

    If this sounds like a good idea, let me know.

     

    On Nov 03 06:27 PM Albertarocks wrote:

     

    > Welcome back Mark. I'm glad your trip was safe and I'm equally glad
    > you're enjoying this insta. If it gets too long, maybe John would
    > be kind enough to start it up again like OG does. I've never done
    > an insta and for now I'd rather not. I find it comfortable to hide
    > in here.
    3 Nov 2009, 07:35 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Hells yeah! That sounds more than excellent. I'm sure everyone will appreciate it since a web page much longer than this starts to get cumbersome to download. Thanks pardner.
    3 Nov 2009, 07:43 PM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    For those of you who are armed, you might get a kick out of this insta by Kimball Corson, who by the way, I think is one brilliant dude:

     

    seekingalpha.com/insta...
    3 Nov 2009, 09:04 PM Reply Like
  • John Lounsbury
    , contributor
    Comments (3980) | Send Message
     
    Author’s reply » This Instablog has been reposted seekingalpha.com/insta... so that comments may be continued without having to navigate this long comment stream. Please post further comments there.
    4 Nov 2009, 12:02 AM Reply Like
  • Albertarocks
    , contributor
    Comments (2230) | Send Message
     
    Thank you John!
    4 Nov 2009, 12:20 AM Reply Like
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