Michael Clark's  Instablog

UK GUARDIAN: WHO SAYS INFLATION MAKES PEOPLE RICHER

Interesting article on England's continuing housing crisis.

www.guardian.co.uk/commentisfree/2010/ja...


An Englishman's home is his castle, if he can get one
Our housing situation, both private and public, is a shambles. Homes must be built, and prices slashed

Rafael Behr
The Observer,     Sunday 3 January 2010
As is typical of a boom, much of the decade just passed will be remembered for fashionable delusions: the artistic credibility of Damien Hirst; the idea that Land Rovers are suitable for cities; skinny jeans; the assumption that rising house prices indicate rising prosperity. That last belief was exceptionally silly. Since when did inflation make people richer? But soaring house prices didn't count as inflation. Literally. They were excluded from the measure that the newly independent Bank of England was supposed to watch when setting interest rates after 1997.

Over the next 10 years, the average cost of a house for a first-time buyer rose by 200 per cent.

------
Of course we KNOW that average income in England DID NOT rise 200% over the ten years, 1997-2007.

Interesting perspective from the Economist on deflation in Japan, and England and America following Japan in to the black hole.


www.economist.com/displaystory.cfm?story...

Same chords, different tune
Nov 26th 2009 | WASHINGTON, DC
From The Economist print edition

There are enough similarities to worry

FOR policymakers in the rich world, Japan’s plight is the stuff of nightmares. The damage from the early 1990s property and banking bust lingered for years, devastating the government’s finances and, eventually, enveloping the economy in deflation. The effects are still visible.


Small wonder, then, that a desire to avoid Japan’s experience has shaped other governments’ responses to the financial crash. Their reactions, from the speed and scale with which central banks reached for unconventional monetary tools to the focus (at least rhetorically) on fixing the banking mess, all contrast with the tentative initial response to Japan’s bust. But will that be enough? Close inspection suggests that, from America to Britain, worrying similarities with Japan remain. And on some counts today’s post-bubble policy challenges are more complex than anything Japanese policymakers ever faced.

___

Lest we forget: Japan's decline (beginning in 1989) came when the West and Western appetitie for exports was expanding.  American and British decline comes when economies all over the world are contracting, and demand for American and British exports...well, with defaltion now global, demand for exports is turning down historically speaking.  Japan was buoyed  by a strong global economy during its decline; now, no nation in a ddeflationary decline will be buoyed by a strong global economy.

CLARK'S GATE TIMING SYSTEM
Monday 4 January 2010
 

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

    -- John Maynard Keynes

This is the time of year we get to look back on what we've done.  I've noticed a lot of Financial Consultants (I love that word 'consultant' -- it means everything and nothing at the same time.  I'm reminded of the Seinfeld episode in which the pretty girlfriend of Jerry says "Jerry, I need a MENTOR' -- and Jerry responds: 'I can tell you what to do.'  That sort of sums it up for a financial consultant I guess) bragging about their correct calls for the year.

Ok.  I can do that.

We pride ourselves in being short-term traders.  But we also have portfolio trading systems that are long-term systems (not buy and hold for ever, but trade only at major market turning points).  These two systems -- M4 Sum Plus LT and MA5/MA40 LT -- are up 51.17% since 2/20/09, and 47.24% since 3/20/09.  These systems are not as accurate (in terms of closed trades) as some of our other systems since they tend to wash out losing trades quickly and hold on to winners longer.  For instance, our M5 (7) has closed 183 trades with 147 winning trades, a winning % of 80.33%.  (See all closed trade percentages in the table below.)  Our weekly portfolio winning % of closed trades is 73.42%.  Our daily portfolio, which has no real long-term systems, has a winning percentage on closed trades of 83.41% (1320 closed trades, 1101 winning trades).

	WEEKLY PORTFOLIO			Active	Active	First	Short	% Long	Closed Trades
% Gain	12/30/10		Profit	Trades	Cost	Trade	Trades	Trades	Total	Winning	% Winning
4.53%	M2F alt Trade		$11,326	25	250000	8/14/09	4	84%	10	9	90.00%
7.18%	M2F alt LT 2		$10,766	15	150000	7/9/09	0	100%	4	2	50.00%
23.84%	M4 Sum Plus VN		$114,438	48	480000	7/17/09	2	96%	12	7	58.33%
51.17%	M4 Sum Plus LT		$260,992	51	510000	2/20/09	8	84%	28	9	32.14%
43.59%	M5 (7) 2		$178,738	41	410000	1/9/09	4	90%	183	147	80.33%
57.60%	M5 (10) 2		$103,673	18	180000	3/6/09	0	100%	55	46	83.64%
4.22%	M5 D Simple 09		$2,534	6	60000	7/17/09	2	67%	1	1	100.00%
47.24%	MA5 MA 40 LT		$170,050	36	360000	3/20/09	3	92%	8	0	0.00%
45.05%	Total		$454,995	101	$1,010,000				301	221	73.42%
	*Based on $10,000 per trade

	DAILY PORTFOLIO			Active	Active	First	Short	% Long	Closed Trades (Updated weekly)
% Gain	12/31/10		Profit	Trades	Cost	Trade	Trades	Trades	Total	Winning	% Winning
23.83%	M2F alt Trading System		$154,891	65	650000	7/27/09	14	78%	527	434	82.35%
8.14%	M2F ALT LT 2 Tr Syst		$119,630	147	1470000	7/8/09	11	93%	296	254	85.81%
20.88%	M5 10 Trading System		$121,080	58	580000	6/29/09	9	84%	390	315	80.77%
17.61%	M5 D Simple		$58,121	33	330000	6/29/09	5	85%	94	86	91.49%
11.89%	M5/M5Avg Sum Plus New		$26,158	22	220000	9/5/09	2	91%	13	12	92.31%
14.77%	Total		$479,880	325	$3,250,000				1320	1101	83.41%
	*Based on $10,000 per trade

We are including our two long-term weekly portfolios as a way of bragging a bit as the Year of the Lion readies to succeed the Year of the Buffalo.

M4 Sum Plus Lont-Term Portfolio - CGTS
Symbol	Issue	Close	Position	Shares	Gain/Loss	Return	Date Sold	Date Bought	Price Bought
DMM	Macroshares Housing Down	24.9	Short	-400	$12.00	5.49%		12/24/09	$25.00
FRE	Freddie Mac	1.47	Short	-8,130	($1,979.20)	-114.99%		10/30/09	$1.23
FNM	Fannie Mae	1.18	Short	-9,259.26	($953.93)	-55.42%		10/30/09	$1.08
HOV	Hovnanian Enterprises	3.84	Short	-2,778	($694.72)	-121.08%		12/11/09	$3.60
ELY	Callahan Golf	7.54	Long	1,439	$821.01	20.33%		8/7/09	$6.95
MGM	MGM MIRAGE	9.12	Long	1,200	$320.00	7.48%		8/7/09	$8.83
SLM	Sallie Mae Inc.	11.27	Long	1,530	$7,101.80	118.34%		5/30/09	$6.61
GE	General Electric	15.13	Long	825.76	$2,465.80	35.62%		4/24/09	$12.11
HLF	HERBALLIFE CORP	40.57	Long	480.08	$9,448.78	136.47%		4/24/09	$20.83
EQR	Equity Residential	33.78	Long	430.85	$4,526.08	65.37%		4/24/09	$23.21
BA	Boeing	54.13	Long	258.26	$3,951.79	57.08%		4/24/09	$38.72
CAT	Caterpillar	56.99	Long	297.35	$6,918.10	99.92%		4/24/09	$33.63
UNH	United Healthcare	30.48	Long	414.2502	$2,598.35	36.52%		4/17/09	$24.14
BHI	BAKER HUGHES INC	40.48	Long	300.8424	$2,150.10	30.22%		4/17/09	$33.24
AA	Aluminum Co. Of America	16.12	Long	1,079.91	$7,380.21	103.72%		4/17/09	$9.26
FST	FOREST OIL CORP	22.25	Long	593	$3,174.20	75.08%		7/31/09	$16.85
IYR	Real Estate ETF	45.92	Long	310.2699	$4,219.59	59.30%		4/17/09	$32.23
BJS	BJ Services	18.6	Long	773.395	$4,357.15	61.23%		4/17/09	$12.93
MTL	MECHEL OPEN JOINT STOCK COMPANY	18.82	Long	1,642	$20,874.66	285.64%		4/10/09	$6.09
^BKX	BANK INDEX	42.71	Long	296	$2,606.40	35.64%		4/10/09	$33.81
RRGTX	DWS RREEF GLOBAL REAL ESTATE FUND	6.71	Long	2,024	$3,554.48	48.64%		4/10/09	$4.94
DWSN	DAWSON GEOPHYSICAL COMPANY	23.1	Long	586	$3,511.44	48.06%		4/10/09	$17.06
BAC	Bank of America Weekly	15.06	Long	1,047	$5,740.97	78.57%		4/10/09	$9.55
AXP	American Express	40.52	Long	531	$11,489.39	157.23%		4/10/09	$18.83
^DJT	Dow Jones Transport Index	4,099.63	Long	3.3456	$3,687.76	50.46%		4/10/09	$2,988.99
GGB	GERDAU S.A.	17.03	Long	1,468	$14,974.96	204.97%		4/10/09	$6.81
SLM	Sallie Mae Inc.	11.27	Long	1,513	$7,022.58	121.13%		6/4/09	$6.61
EWM	Malaysia Index ETF	10.62	Long	1,333	$4,130.96	55.09%		4/3/09	$7.50
BBD	BANCO BRANDESCO	21.87	Long	880	$9,220.80	122.98%		4/3/09	$11.36
ADBE	Adobe Systems	36.78	Long	414	$5,196.68	69.27%		4/3/09	$24.16
DE	John Deere Inc	54.09	Long	268	$4,471.72	59.64%		4/3/09	$37.30
BEN	Franklin Resources	105.35	Long	166	$7,478.52	99.89%		4/3/09	$60.13
HOG	Harley Davidson Inc.	25.2	Long	604	$5,190.56	69.19%		4/3/09	$16.56
XOP	Spider Oil Gas Explor ETF	41.21	Long	333	$3,708.26	49.51%		4/3/09	$29.99
PDE	PRIDE INTERNATIONAL	31.91	Long	538	$7,143.54	90.63%		3/20/09	$18.58
ACH	ALUMINUM COMPANY OF CHINA	27.25	Long	709	$9,288.26	117.75%		3/20/09	$14.11
PEIX	PACIFIC ETHANOL	0.71	Long	22,371	($1,644.34)	-76.73%	11/13/09	8/28/09	$0.45
FRE	Freddie Mac	1.47	Short	7,092	($1,332.56)	-64.67%	10/30/09	8/17/09	$1.41
MGM	MGM MIRAGE	9.12	Long	-1,400	($1,974.00)	-98.82%	8/7/09	5/30/09	$7.46
HOV	Hovnanian Enterprises	3.84	Short	3,144.65	($2,100.03)	-83.08%	7/17/09	4/17/09	$3.18
FNM	Fannie Mae	1.18	Short	13,514	($2,083.10)	-89.20%	7/3/09	4/10/09	$0.74
FST	FOREST OIL CORP	22.25	Long	578.369	($1,831.59)	-85.47%	7/3/09	4/17/09	$17.29
ELY	Callahan Golf	7.54	Long	1,227	($3,528.41)	-164.65%	6/26/09	4/10/09	$8.15
MGM	MGM MIRAGE	9.12	Long	1,272.26	($564.90)	-68.54%	5/30/09	5/1/09	$7.86

Symbol		Close	Position	Shares	Gain/Loss	Return	Date Sold	Date Bought	Price Bought
ENMD	Entremed Corp	0.8	Short	-11,695.91	$615.28	281.51%		12/24/09	$0.85
FNM	Fannie Mae	1.18	Short	-9,259.26	($953.93)	-55.42%		10/30/09	$1.08
FRE	Freddie Mac	1.47	Short	-5,848	$1,375.52	59.94%		10/9/09	$1.71
BYD	Boyd Gaming	8.37	Short	-1,297	($884.02)	-57.78%		11/6/09	$7.71
VNM	Vietnam Market Vectors	25.49	Short	-400	($220.00)	-28.75%		12/4/09	$25.01
AIG	American International Group	29.98	Short	-332	$18.48	2.42%		12/4/09	$30.12
QID	Short Nasdaq Index ETF	19.04	Short	-236.07	$5,477.15	73.44%		4/3/09	$42.36
DXD	Short Dow Index ETF	29.47	Short	-177.37	$4,745.03	63.62%		4/3/09	$56.38
^BVSP	IBOVESPA SAO PAULO	68,588.41	Long	0.26	$7,877.32	93.77%		2/27/09	$38,183.31
^DJT	Dow Jones Transport Index	4,099.63	Long	3.3456	$3,687.76	50.46%		4/10/09	$2,988.99
^HUI	Gold Stock Index	429.91	Long	35	$5,043.15	61.13%		3/6/09	$285.02
BLK	BLACKROCK	232.2	Long	73	$6,848.60	90.64%		4/3/09	$138.00
^XAU	Philadelphia Gold and Silver Stock Index	168.25	Long	84	$4,061.96	48.91%		3/6/09	$119.56
^HGX	Housing Stock Index	102.72	Long	120	$2,304.80	30.75%		4/3/09	$83.28
GS	Goldman Sachs	168.84	Long	133	$12,366.27	148.63%		3/6/09	$75.65
BEN	Franklin Resources	105.35	Long	166.31	$7,492.54	99.89%		4/3/09	$60.13
JJC	Copper ETF	45.8	Long	264.41	$2,081.99	77.33%		9/25/09	$37.82
CAT	Caterpillar	56.99	Long	311	$7,697.24	102.64%		4/3/09	$32.15
^BKX	BANK INDEX	42.71	Long	324.78	$3,843.38	51.24%		4/3/09	$30.79
IYR	Real Estate ETF	45.92	Long	328.08	$5,037.56	68.93%		4/10/09	$30.48
JPM	JP Morgan Chase	41.67	Long	342	$4,209.38	56.05%		4/3/09	$29.28
BBY	Best Buy Inc.	39.46	Long	380	$4,364.80	47.58%		2/20/09	$27.90
XOP	Spider Oil Gas Explor ETF	41.21	Long	380	$5,592.20	64.36%		2/20/09	$26.42
HURN	HURON CONSULTING	23.04	Long	400	($412.00)	-17.16%		10/2/09	$24.00
ADBE	Adobe Systems	36.78	Long	413.91	$5,195.54	69.27%		4/3/09	$24.16
UNH	United Healthcare	30.48	Long	414.2502	$2,598.35	36.52%		4/17/09	$24.14
AXP	American Express	40.52	Long	531	$11,489.39	157.23%		4/10/09	$18.83
HLF	HERBALLIFE CORP	40.57	Long	537	$11,753.78	165.11%		4/17/09	$18.63
HK	PETROHAWK ENERGY	23.99	Long	560	$3,371.20	38.82%		2/20/09	$17.92
FST	FOREST OIL CORP	22.25	Long	583	$2,939.47	72.75%		8/7/09	$17.16
DWSN	DAWSON GEOPHYSICAL COMPANY	23.1	Long	586	$3,511.44	48.06%		4/10/09	$17.06
HOG	Harley Davidson Inc.	25.2	Long	603.86	$5,189.35	69.19%		4/3/09	$16.56
DWSN	DAWSON GEOPHYSICAL COMPANY	23.1	Long	608	$4,021.28	53.64%		4/3/09	$16.44
AXP	American Express	40.52	Long	652	$16,395.88	218.71%		4/3/09	$15.33
RHT	RED HAT INC.	30.9	Long	700	$11,571.00	133.29%		2/20/09	$14.33
AMSC	AMERICAN SUPERCONDUCTOR	40.9	Long	743	$20,359.92	240.59%		2/27/09	$13.46
SCGDX	Scudder Gold Fund	19.24	Long	747	$4,341.95	52.49%		3/6/09	$13.39
GES	GUESS INC	42.3	Long	753	$21,816.53	263.62%		3/6/09	$13.29
GE	General Electric	15.13	Long	883	$3,327.40	45.51%		4/10/09	$11.33
CDE	Coeur D'Alene Silver Mining	18.06	Long	892.86	$6,097.02	81.29%		4/3/09	$11.20
BJS	BJ Services	18.6	Long	896	$6,638.24	90.84%		4/10/09	$11.16
UAUA	United Airlines	12.91	Long	910	$1,719.20	297.95%		12/11/09	$10.99
GE	General Electric	15.13	Long	914	$3,801.66	50.69%		4/3/09	$10.94
MTL	MECHEL OPEN JOINT STOCK COMPANY	18.82	Long	936	$7,591.04	179.48%		7/31/09	$10.68
MGM	MGM MIRAGE	9.12	Long	1,150	$179.00	4.53%		8/14/09	$8.94
AA	Aluminum Co. Of America	16.12	Long	1,224	$9,702.80	129.36%		4/3/09	$8.17
BAC	Bank of America Weekly	15.06	Long	1,315.80	$9,787.87	130.50%		4/3/09	$7.60
EWM	Malaysia Index ETF	10.62	Long	1,316	$3,946.32	53.99%		4/10/09	$7.60
ELY	Callahan Golf	7.54	Long	1,439	$821.01	20.33%		8/7/09	$6.95
GGB	GERDAU S.A.	17.03	Long	1,468.40	$14,979.05	204.97%		4/10/09	$6.81
RRGTX	DWS RREEF GLOBAL REAL ESTATE FUND	6.71	Long	2,024	$3,554.48	48.64%		4/10/09	$4.94
PEIX	PACIFIC ETHANOL	0.71	Long	-27,000	($7,994.00)	-1310.03%	12/4/09	11/13/09	$0.38
RIMM	RESEARCH IN MOTION	67.54	Short	156	($903.08)	-13.74%	12/4/09	4/10/09	$64.18
AIG	American International Group	29.98	Short	199	($4,057.89)	-149.25%	12/4/09	8/28/09	$50.23
PEIX	PACIFIC ETHANOL	0.71	Long	26,316	($161.26)	-5.93%	11/13/09	8/7/09	$0.38
HOV	Hovnanian Enterprises	3.84	Short	3,125	$3,162.75	162.14%	10/9/09	7/31/09	$3.20
FRE	Freddie Mac	1.47	Short	7,092	$2,071.60	132.29%	10/9/09	8/14/09	$1.41
HURN	HURON CONSULTING	23.04	Long	-761	($8,312.85)	-608.11%	10/2/09	8/14/09	$13.15
MGM	MGM MIRAGE	9.12	Long	-1,475	($3,242.00)	-237.32%	8/14/09	6/26/09	$6.78
KBH	KBH Home Builders	13.68	Short	678	($395.00)	-13.55%	7/17/09	4/3/09	$14.76
C	CIT Group	3.31	Short	3,290	($121.80)	-4.48%	7/17/09	4/10/09	$3.04
C	CIT Group	3.31	Short	3,509	$540.53	18.56%	7/17/09	4/3/09	$2.85
HOV	Hovnanian Enterprises	3.84	Short	4,587.16	$1,549.50	61.30%	7/17/09	4/17/09	$2.18
FST	FOREST OIL CORP	22.25	Long	578.369	($1,831.59)	-85.47%	7/3/09	4/17/09	$17.29
FRE	Freddie Mac	1.47	Short	13,699	($1,151.92)	-45.57%	7/3/09	4/3/09	$0.73
FNM	Fannie Mae	1.18	Short	14,286	($1,627.46)	-64.39%	7/3/09	4/3/09	$0.70
ELY	Callahan Golf	7.54	Long	1,227	($3,528.41)	-151.09%	6/26/09	4/3/09	$8.15
MGM	MGM MIRAGE	9.12	Long	1,887	$2,736.76	127.69%	6/26/09	4/10/09	$5.30
MGM	MGM MIRAGE	9.12	Long	2,150.50	$4,524.56	193.75%	6/26/09	4/3/09	$4.65
HMY	Harmony Gold Mining	10.17	Long	850	($1,433.00)	-362.26%	6/12/09	5/30/09	$12.10
UAUA	United Airlines	12.91	Long	1,550.39	($2,846.70)	-235.49%	5/30/09	4/17/09	$6.45
VALE	VALE S.A. (RIO) Weekly	29.03	Long	776	$3,459.28	167.84%	5/12/09	2/27/09	$12.89
ABX	American Barricks Gold Company	39.38	Long	331	$142.60	9.11%	4/24/09	2/27/09	$30.20
UNH	United Healthcare	30.48	Long	-468	($1,357.04)	-138.02%	4/17/09	3/13/09	$21.36
QID	Short Nasdaq Index ETF	19.04	Short	-160	$1,051.20	255.89%	3/13/09	2/27/09	$62.65
FSLR	FIRST SOLAR	135.4	Short	75	($1,970.00)	-356.72%	3/11/09	2/20/09	$134.01
BHI	BAKER HUGHES INC	40.48	Long	330	($1,240.70)	-226.94%	3/11/09	2/20/09	$30.15
HON	Honeywell	39.2	Long	350	($1,890.00)	-340.77%	3/11/09	2/20/09	$28.84
HLF	HERBALLIFE CORP	40.57	Long	550	($3,152.50)	-1353.53%	2/27/09	2/20/09	$19.27

THIS WEEK'S SIGNALS

Gold issues are showing up on the buy signals list again.  Just as interesting, our M5 (7) and our M5 (10) trading systems are telling us not to trust the US Dollar rally.

We took a profit in a long trade in ENMD of 70.21% this week.

WEEKLY
31-Dec
FRIDAY
M2F Alt Trading System
New Trades
M2F ALT Trade Closed Trades
Issue	Close @	Position	Open @	Date	% Gain
ENMD	0.8	Exit Long	$0.47	9/18/10	70.21%
M2F alt Trading System New Open Trades
Issue	Price	Position	Shares
SCGDX	19.24	Enter Long	519.75
NEM	47.31	Enter Long	211.37
EWM	10.62	Enter Long	941.62
HOG	25.2	Enter Long	396.83
HLF	40.57	Enter Long	246.49
FXA	90.07	Enter Long	111.02
HUI	429.91	Enter Long	23.26
TWX	29.14	Enter Long	343.17
IAU	107.37	Enter Long	93.14
PDLI	6.86	ENTER SHORT	-1457.73
M2F ALT Lterm 2 Trade Closed Trades
Issue	Close @	Position	Open @	Date
MOT	7.76	Exit Long	$8.55	12/11/10	-9.24%
M2F ALT Lterm 2 Trading System New Open Trades
Issue	Price	Position	Shares
BEN	105.35	Enter Long	94.92
JJG	40.885	Enter Long	244.59
ABX	39.38	Enter Long	253.94
M4 SUM PLUS VN
Issue	Close @	Position	Open @	Date
NONE
M4 SUM PLUS VN  Trading System New Open Trades
Issue	Price	Position	Shares
NONE
M4 SUM PLUS Lterm Trade Closed Trades
Issue	Close @	Position	Open @	Date
NONE
M4 SUM PLUS LONG TERM new open trades
Issue	Price	Position	Shares
NONE
M5 (7) Trade Closed Trades
Issue	Close @	Position	Open @	Date
KS11	1682.77	Exit Long	$1,640.36	10/16/10	2.59%
BLK	232.2	Exit Long	$226.01	12/11/10	2.74%
GRN	22.87	Exit Long	$24.54	12/18/10	-6.81%
M5 (7) Trading System New Open Trades
Issue	Price	Position	Shares
JJG	40.885	Enter Long	244.59
SCGDX	19.24	Enter Long	519.75
NEM	47.31	Enter Long	211.37
EWM	10.62	Enter Long	941.62
SSEC	3277.14	Enter Long	3.05
BBD	21.87	Enter Long	457.25
EWS	11.49	Enter Long	870.32
BVSP	68588.506	Enter Long	0.15
EWZ	74.61	Enter Long	134.03
WMT	53.45	Enter Long	187.09
IDX	62.17	Enter Long	160.85
GLD	107.31	Enter Long	93.19
HMY	10.17	Enter Long	983.28
ICON	12.67	ENTER SHORT	-789.27
DGZ	19.96	ENTER SHORT	-501.00
M5 (10) Trade Closed Trades
Issue	Close @	Position	Open @	Date
CA	22.46	Exit Long	$22.79	10/9/10	-1.45%
M5 (10) Trading System New Open Trades
Issue	Price	Position	Shares
HANG SANG	21872.5	Enter Long	0.46
BAIDU	411.23	Enter Long	24.32
FXE	142.91	Enter Long	69.97
UDN	27.54	Enter Long	363.11
FXA	90.07	Enter Long	111.02
EWM	10.62	Enter Long	941.62
EWZ	74.61	Enter Long	134.03
UUP	23.08	ENTER SHORT	-433.28
M5D Simple Trade Closed Trades
Issue	Close @	Position	Open @	Date
None
M5D Simple Trading System New Open Trades
Issue	Price	Position	Shares
JJU	31.68	Enter Long	315.66
ENMD	0.8	ENTER SHORT	-12500.00
GSPS.OB	0.007	ENTER SHORT	-1428571.43
MA5/MA 40 LT  Closed Trades
Issue	Close @	Position	Open @	Date
None
MA5/MA40 LT Trading System New Open Trades
Issue	Price	Position	Shares
None

More information on this system can be found at

home.mindspring.com/~mclark7/CGTS09.htm

A draft of the book Turn Out the Lights can be found at the website below.  This book is a description of the metaphysical causes of the economic cycles of expansion (Day) and contraction (Night).

www.hoalantrangallery.com/Turnoutlights.htm
 

Michael J. Clark's Gate Timing System
Hanoi, Vietnam

84 4 221 92210

Disclosure: The author does not own issues mentioned in this article.