Of course with a very expensive law education to pay for, the money is a critical consideration. Here in NZ, it will only cost me 10% of the US, or $20K. The salaries over here in NZ dollars are about the same +/-.
For me its not actually about the money, more that I am bored with medicine and the stock market is not a day trading proposition for me, I’m more about building wealth than creating an income.
The duc finds himself on a new path. I am next March, going to take a place at Law School. I have applied for a place at Auckland University Law School. Having spoken to the chap’s they were fairly certain that with my existing Medical qualifications, I would secure a place.
The effects on the blog will only reflect any change in that I will start having an increasing number of Law based posts. This is primarily to aid in my thinking through the new material. Having already started my reading, I find myself at odds with some of the jurisprudence already.
There are flip-flops all over blogoland this week:
FRIDAY, SEPTEMBER 28, 2012
And as often happens right when you think you have a handle on what’s going on the market throws you a curve ball. In order for assets to continue rising the dollar has to resume it’s downward trajectory. It didn’t do that today. That’s a warning sign that we may be on the cusp of an intermediate degree rally in the dollar, which would probably trigger an intermediate degree correction in stocks and precious metals.
More in the weekend report.
POSTED BY GARY AT 3:03 PM 0 COMMENTS
THURSDAY, SEPTEMBER 27, 2012
OIL HAS BOTTOMED
Oil has formed a swing and bounced off the 50% retracement I was looking at as a possible cycle low target. Gold, silver and stocks have clearly received the signal and are ready for the next leg up (which should mean the dollar cycle has topped and is ready for the next leg down).
Stocks may be locked in a runaway move which I discussed in last nights report in the premium newsletter.
SMT premium newsletter. $10 one week trial.
This coming week seems to have reintroduced some uncertainty into blogoland pundits. Have a read of the duCati Report to catch my view. This is one of those weeks that the $10.oo is easily recouped.
Will the S&P 500 be higher or lower than its current level one month from now?
Higher 45% 72
Lower 55% 87
159 votes total
The bears are once again leading the poll. The chart shows higher highs and higher lows. The definition of an uptrend. However the chart also demonstrates that declines are possible and that they can be severe. This is the nature of markets.
I’ll post last week’s newsletter to illustrate the predictive power of the COT analysis with regard to market movement in short time frames and why its such good value.
Based upon the laws of mathematics, of the sublime nature, the market is not going to bounce until we hit certain levels. I will reveal to you what is seen on a daily basis inside of the hallowed grounds of The PPT, as a gesture of kindness.
As you can see, the algo marked the top of the range and hasn’t flagged OVERSOLD (OS) yet.
There are levels of OS we are prepared to buy. I am eying the 6 month OVERSOLD range as a possible buy point for the rest of my cash.
As you can see, this level has not failed dip buyers at all, over the past 6 months. After that, I will fall back on the 12 month and 36 month algos, all sublime in nature, touting accuracy stats greater than 76% with a much larger data set.
So essentially if the 6mth is wrong, then you simply try another level and declare victory if it pans out. So you cannot lose, as losses are simply signals that are moved until you win. What a load of bollocks.
If you’re wondering why I haven’t adhered to my own computer brain by going to cash when the algo said we were OB, the answer is simple: gluttony.
Not really. Seen this film before. You never follow the ppt. Probably because it is wrong so often, that it is Jeremy’s algo and that you only promote it to sell it. To sell it, you have to create fictional results as the ppt is as any trading signal, replete with failures.
Punishment for my crime is loss of time. Making back the money is the easy part for me. I do this, quite successfully, for a living. I’ve never been faced with a problem that couldn’t be solved. It’s the puzzle that keeps me interested. However, it’s the loss of time that I lament the most.
Sure, you never lose money. That is because the trades are largely fictional. There are no third party results that can be tracked, verifying the returns claimed. Which rather suggests the entire ppt charade is purely to fleece the unwary.
I also earlier in the week contacted Chess “n” Wine to see if he provided back issues of his weekly report. Unfortunately not. There is no way in which the value of his weekly report can be verified prior to subscription. Shame.
The entire iBankcoin site is based on hearsay. There seems no way to verify any of the results. The general defence is that you have to “join” the ppt to see timestamped trades, which presumably provide the necessary evidence. Well my blog posts are timestamped and I can amend/modify them at anytime I choose. I am hardly filled with confidence through that claim.
Posted by ducati998 under humour
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If anything lost him the election it was probably this.