Divide by Nought

Archive for October 2008

Zeitgeist

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These are both very interesting videos and, although they’re long, I encourage everyone to watch both.  You may not agree with everything in them and that’s fine.  Either way, hopefully they will make you feel the need to question both the institutions discussed as well as the ideas presented.

They’re listed in reverse order that they were released.  I did this because the beginning of the “addendum” video (section 1 actually starts about 7 minutes into the video) is very timely considering current events in the United States (and really the World).  I hope and imagine that watching that first section will inspire you to watch the remainder and then, perhaps, keep going…

 

Zeitgeist: Addendum
http://video.google.com/videoplay?docid=7065205277695921912

Zeitgeist: The Movie
http://video.google.com/videoplay?docid=-594683847743189197

 

A note for after you’ve seen these…

I was surprised at many of the ideas presented in these videos.  Some seem like they couldn’t possibly be true.  And, while I can’t say I’ve checked every point in them (but am continuing to do so)  those that I have, have turned out to be true.  One example I find particularly interesting is the REAL ID.  I figured this would be something everyone would know about and be talking about, but very few seem to be.  None-the-less, there are websites that do talk about it and that includes government sites (www.dhs.gov and www.spp.gov are a couple).  The implications I found aren’t as overt or readily apparent as the video makes it sound.  However, the groundwork for what is said, or implied, is clearly there.  It is then, if nothing else, very interesting food for thought and certainly something that is good to be aware of.

 

More information is available here:

http://www.zeitgeistmovie.com/

http://www.thezeitgeistmovement.com/

http://www.TheVenusProject.com/

Written by me

Wednesday, October 15, 2008 at 7:39 am

Dow Drops Below 9000

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Looking at a graph of DJI (or any other market tracking index—the Q’s and SPX are excellent examples) about 2 weeks ago it was about half way between its lows in 2002 and the highs in 2008.  Notable, but not enough to worry about, at least not in my opinion; even if only a few people agreed with me.

At the time it seemed very unlikely that the market would drop to the low point found in 2002.  Now it seems much more likely.  The question is, if it gets there will it stop?  If it doesn’t, how low do we go?

When the DJI plowed through 9000 today it really did plow through it.  It didn’t hesitate, at all.  Really, look at an intra-day chart, no hesitation whatsoever.  I was surprised to see that and would be even more surprised if that happened should we hit the 2002 low.  However, if it did happen I might reconsider the whole not-worried thing.

From a technical analysis perspective that makes the highs in 2000 and 2008 look a lot like a double top (especially on the S&P 500).  If we take that view on the DJI and measure the estimated end point it’s around 200.  That’s two hundred, not a typo.

A little less bleak (and much more debatable), there is an inverted cup and handle in there too.  It’s about 6 months in length.  I haven’t measured where the end point would be, but it’s a large enough pattern that it certainly doesn’t give me a warm fuzzy feeling.

All that said, I don’t think that’s going to happen.  I think if we come close to the low in 2002 we’ll find some support and begin heading back up; albeit likely a tumultuous and slow climb.

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Thursday, October 9, 2008 at 1:10 pm

Posted in Trading

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