Emini Trading Update – Wednesday 11 May 2011 (9:10)
OK, I’m super excited in today’s video. No apologies – traded well thanks to a great “Triple Flush” setup on the charts. Ended up 7.5 points for the day. There was definitely more in that Short but I’m happy none-the-less. I do hope you got some of that move.
Silver got slapped down again today (p.s. I said it was too early yesterday). Looks like we’re gonna play “whac a mole” for a while on Silver, Gold and Crude until we find a bottom.
Decided to put my day trades up as a second video, if you’re interested. Again, apologies for sounding smug today – and for a long video.
Emini Day Trades – Wednesday 11 May 2011 (22:58)
Link of the day …
On a much more serious note. I am ABSOLUTELY DISGUSTED to see the Irish government CONFISCATE PENSIONS.
“Oh” – I hear you say – “it’s only 0.6% each year for 4 years. That’s not much.”
Are you F’ing kidding me!
Firstly, when have you every seen a Government impose a tax (yes, a tax, not a “levy”) and then take it away. Taxes come and then they are here to stay.
Secondly, the compounding impact of this 2.4% money grab could be as much as 15-20% on the final value of your pension.
Thirdly, not only does the Irish citizen have to pay for the bankers’ theft with higher taxes, lower services, zero return on their savings – now they have their pensions confiscated!
Oh, and did I mention that Government workers are exempt. This isn’t funny – arrogance on the scale of Marie Antoinette. Reminder: you’re a public servant, Mr. Politician.
I though the Irish government had gone too far with NAMA, then too far with agreeing to pay for the bailout with taxpayer money, now this. Shocked, stunned … why would you stay in Ireland. Meanwhile Google et al are getting massive tax breaks and laundering their profits through Ireland.
This is not going to end well – the financial sector needs to take responsibility for its actions and “man up”. You were big enough to take your bonuses – now you need to be big enough to take YOUR losses.
Quote of the day …
Very kind words from Henry K.
“Hello Barry, Just want to start this e-mail with letting you know that the indicator package that I purchased at the end of March is absolutely the best investment I have ever made. They are a tremendous set of trading tools. As others that have purchased have stated, my confidence is sky-rocketing. You are truly a remarkable individual. Thank you for sharing.”
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