Burtman's Blog : Latest entries

Does anyone on this site trade based on Elliot Wave Theory?

Thanks
Burt

We are now seeing resistance at SPX 860, if it breaks that, which I doubt, the SPX may run to SPX 875. But SPX 875 was the top and now we see how far down we go. Retest maybe?

Expect more and more of this as we ring in 2009. There will be more pain to come. The less government gets involved the quicker we can get through this. Good Luck to everyone this year!

I wanted to wish everyone a Happy Holidays and the Best for a Prosperous 2009!

The vix just took out yesterdays low and turned positive on a dime. Time to watch close.

Can someone state that timing on picks again? When I would pick after hours sometime my picks would not show up until 2 days later. So then, I made my picks at the end of the day thinking I would get the open price of the following day and the price I received was the close.

How does this system work exactly?

Thanks
Burt

CNBC reported last night that Asian markets may act to support there dwindling economies by providing rate cuts. This action may bring strenght to gold and silver.

Solar and wind companies will probably have a good day.

We never know about the days to come
But we think about them every day
And wonder sometimes if Hank and Ben
Really look out for our best interests.

Man-ip-u-lation, Manipula-a-tion
Is making me poor...
Its breaking my bank

And I tell you how easy they screw with the markets
And how they take care of their own buddies
All the while turning our grandkids to slaves
And pushing this debt to the taxpayer

Man-ip-u-lation, Manipula-a-tion
Is making me poor...
Its breaking my bank
…

Yesterday Bill Gross of PIMCO, the largest bond fund in the world, has asked the treasury to open it's balance sheet. Times must be tough.

And so we pray.....

Oh might gov'mint please help and guide us through these times of troubled investments. Please save us and protect us from our risky financial doings. Because, oh gov'mint, it is you who we look to in times of need. To bail us out and support our overspending. There was a day once where risk mattered. But those days have passe…