WHAT A DIFFERENCE A DAY MAKES?

My sighted Resistance was SPOT ON, and the confluence I've been talking about came home to roost today. I am again VERY encouraged with my trading system and it's timing ability. I am trying to understand it better and react quickly to its signals.

One thing first about trading, sometimes you have to be PATIENT. You have ready my warnings to bears who think it HAS TO GO DOWN NOW....it doesn't have to do anything, you do your best to play the odds and LIMIT RISK. I ALWAYS USE STOP LOSS .PERIOD

The problem. Japan has stimulated themselves to death to the tune of 2X their GDP in deficits....one of the highest in civilized world. IT DIDN'T WORK, they are still mired in DEFLATION....20 PLUS years!!! Their BUBBLE BURST was FINANCING/BANKS and REAL ESTATE...sound familiar?

But Japan did NOT deal with the banking problems instead doing what we did ZOMBIFIED them......didn't make them realize the LOSSES.....and you get a Japanese mkt only 25% of what it was, with near 0% RATES ALL THE WHILE!!! sound familiar?

We have 3 MAJOR Banks control 50% of ALL BANK DEPOSITS!!!! IS that good?

We have GOV and FED complicit with allowing some to fail others to prosper and become BIGGER. FED will not allow any investigation.

NO rating agency complicit was ever taken to trial for what they did.

MOST of the toxic paper killing the system originated from 5 US BANKS.....the large US BANKS got almost $1 TRILLION BAILOUT FROM FED....seems fitting

Now these banks just TRADE FOR PROFITS with OUR MONEY and DON'T LEND and that's OK? WILL pay themselves a SULTAN's ransom that's OK?

If we don't FIX the banking system and realize the losses we will have wasted $trillions and made the situation worse, may already have. ARE the bank profits REAL if the bad paper is on their books at FACE VALUE? not MARKET VALUE? you see they changed the game on us.

SO we will INFLATE stock prices by a US $ short....and a nose dive it takes just as market bottoms..coincidence? US $ bounced today stocks down.

8 million jobs lost, income declining, loans outstanding declining, consumer confidence about at historic LOW....some of these stats have NEVER occurred before during a recovery period as we are told we a re in.

The MOVE in the stock market (most world mkts too ) seem overdone for what we see on the ground, so much so it hasn't even attracted that many normal folk to get sucked in....many NO LONGER TRUST THE GOV, WALL STREET or any of the many agencies whose job it is to protect and regulate......so maybe we need MORE AGENCIES? yeah right.

Money talks BS walks.....we get SOLD OUT and all we get is public lip service....great merry xmas!
They must think a fool is born every minute and none of us can think way out of wet paper bag.....I wont be a bagholder I wont be a LEMMING

Duratek