Tuesday, January 27, 2009

Glimmers of H-o-p-e or Just Gas? -- IFCN Wk 60 –Tues- Equity: $2,594.64

A few points of note:

According to some very popular news sources, because German business confidence rose somewhat unexpectedly and the U.S. stock index futures advanced yesterday – the Euro is advancing from its lows last week. (More likely the market ran out of selling from stirred Pollyannas)

Supposedly, the Ifo Institute said business confidence climbed for the first time in eight months and a major engineering company- Siemens AG, reported profits that beat expectations.

Funny how almost every move in every market has to have some significant reason behind it and must be reported by the press. Any wiggle is always explained away to comfort the rank and file to assure them that there is someone who always understands what is going on. It doesn't matter to the news agencies if what they are espousing is correct, it just has to stand the test of plausible deniability to their editors.

Where this becomes a problem is for the individuals who begin to actually believe that it is the specific events that they are hearing about that actually move the markets; when in fact, market movements are more akin to horses breaking wind. Most current market moves are usually much-speeded-up actions that would have occurred earlier, and much smoother, if some major forces (likely unseen and unheralded) hadn't impeded their movement.

The tendency for markets to be closer in nature to equine bowel activity than rational action is disquieting to the masses, but then again-- they don't trade for a living.

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Not a bad week so far.

We have 4 FirstStrike Plus trades, all but the Usd/Jpy, which got very close to entering. So far we are profitable, and silver XAG continues to hold on to substantial gains.

The week's current FirstStrikePlus trades:

  • gbp/usd: Long @ 1.4024, stop 1.3467.. Trade in progress.
  • eur/usd: Long @ 1.3096, stop 1.2867. Trade in progress.
  • gbp/jpy: Long @125.99, stop 119.38. Trade in progress.
  • usd/chf: Short @ 1.1450, stop 1.1674. Trade in progress.

FirstStrikePlus trades will be exited on Mondays at 00:00 CST if profitable. (First-Profitable-Open Exit)
Trading account equity: $2,088.64

Silver position equity: $506.00
(Current XAG price: $11.93 – 200 unit position average: $9.40)
TOTAL Equity: $2,594.64

Joel Rensink
www.infiniteyield.com

PS: To receive the FREE! trading rules for the Infiniteyield Forex Challenge ($499 value) and the semi-monthly newsletter about this challenge, send an email to: newsletter@infiniteyield.com and tell me to which address you would like it sent. Please do not use AOL, Hotmail or Yahoo addresses. They've been known to filter out more good mail than actual spam. Try a Gmail address. It's free, simple and perfect for traders!

1 comment:

cliffg said...

Speaking of horses...

The US standard railroad gauge (distance between the rails) is 4 feet, 8.5 inches.

That is an exceedingly odd number.

Why was that gauge used? Because that is the way they built them in England , and English expatriates built the US railroads.

Why did the English build them like that? Because the first rail lines were built by the same people who built the pre-railroad tramways, and that's the gauge
they used.

Why did 'they' use that gauge then? Because the people who built the tramways used the same jigs and tools that they used for building wagons, which used that wheel spacing.

Why did the wagons have that particular odd wheel spacing? Well, if they tried to use any other spacing, the wagon wheels would break on some of the old, long distance roads in England , because that's the spacing of the wheel ruts.

So who built those old rutted roads? Imperial Rome built the first long distance roads in Europe (and England ) for their legions. The roads have been used ever since.

And the ruts in the roads? Roman war chariots formed the initial ruts, which everyone else had to match for fear of destroying their wagon wheels. Since the chariots were made for Imperial Rome, they were all alike in the matter of
wheel spacing. Therefore the United States standard railroad gauge of 4 feet, 8.5 inches is derived from the original specifications for an Imperial Roman war chariot.
Bureaucracies live forever.

So the next time you are handed a Specification/ Procedure/ Process and wonder 'What horse's ass came up with it?' you may be exactly right. Imperial Roman army chariots were made just wide enough to accommodate the rear ends of two war horses. (Two horses' asses.)

Now, the twist to the story:

When you see a space shuttle sitting on its launch pad, there are two big booster rockets attached to the sides of the main fuel tank. These are solid rocket boosters, or SRB's. The SRB's are made by Thiokol at their factory in Utah . The engineers who designed the SRB's would have preferred to make them a bit fatter, but the SRB's had to be shipped by train from the factory to the launch site. The railroad line from the factory happens to run through a tunnel in the mountains, and the SRB's had to fit through that tunnel. The tunnel is slightly wider than the railroad track, and the railroad track, as you now know, is about as wide as two horses' behinds.

So, a major space shuttle design feature of what is arguably the world's most advanced transportation system was determined over two thousand years ago by the width of a horse's ass.
And you thought being a horse's ass wasn't important?

Ancient horse's asses control almost everything... and CURRENT Horses Asses are controlling everything else.