Monthly Archives: May 2008

Life In Rural New Jersey

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They say a man’s home is his castle and I can’t disagree. My wife has been transforming the castle grounds into a thriving massive garden over the past 3 years and as a result, we’ve attracted a bevy of new friends. One of these new friends is the Scarlet Tanager.

Source

I’ve never seen this type of bird before and thought they were just lost in our area. After identifying this fine feathered friend, I found out that NJ is part of their range and they tend to winter in Southern parts of the country and Central America.

I guess our yard and garden is becoming more animal friendly over the years. I attribute that to my wife’s hard work and not putting down chemicals to keep my grass green and dandelion free. Fuck the Joneses. :)

The Trend Remains DOWN for the US Dollar!

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I know I haven’t posted anything remotely related to the US Dollar and Forex Trading in ages! I decided to close out the week with a look at the US Dollar’s weekly trend.

Despite all the hullabaloo about a strengthening US Dollar in recent days, the overall trend remains DOWN. It doesn’t take a rocket scientist or neural net to figure that out.

The trend will remain down as long as we are invading foreign countries to liberate them and printing money. I would probably still establish net long term long positions on any major currencies relative to the USD, expect for the JPY.

links for 2008-05-06

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Suckers Rally?

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It seems that some people are of the mind that the latest rally in the markets is a sucker rally.

“It may be a suckers’ rally,” said Eveillard, who is based in New York. “Investors want to believe. But if I’m right, then there’s truth to the argument that this is the worst financial crisis since the end of World War II. The same kind of reflex is the wrong reflex.” [via Bloomberg]

Maybe it is and maybe it isn’t. All I can say is that my timing model issued a SELL signal last Thursday.

The Atlas Shrugged Connection

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I’m pretty ecstatic for Ugly after I read the news that he’s quitting his job to join a web startup building ATS’s. I consider Ugly the friend I never met and he’s been the inspiration for me to start my own ATS. I can’t help but think about Ugly’s post today and his discussion about “earned wealth” and the creation of value. It wasn’t until I read Atlas Shrugged, nearly 15 years ago, that I understood this important concept. I’m happy that Ugly has seen the light.

As our society becomes more socialized, with our citizens expecting the government to take care of them (i.e. healthcare), I expect more and more rogue thinkers/entrepreneurs to gravitate to Ayn Rand’s ideals and seek true capitialism. A lot of deluded people think that capitalism has failed because of the recent credit crisis and the “greed” that got us here. The real reason we are in this mess was that Greenspan sold out and catered to the Bush Administration by lowering rates to ridiculous levels just to keep dubya in office.

Now, with the Fed bailing out Bear Stearns, we set the precedent that banks can create risky loans, screw the citizen in the process, and get bailed out by TAX PAYER money when things go wrong. Once again we see a system of “privatize the profits, and socialize the losses.”

If you haven’t read Atlas Shrugged, I suggest you pick up a copy and do so. It will change your life and how you see Capitalism. It truly is the motor of the world.

links for 2008-05-04

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NMT Is Shutting Down Sploggers

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I have nothing against blogs or websites that want to highlight or excerpt something from my Neural Market Trends as long as they give me a properly cited link back to the page. By proper cited I mean writing something like, “Neural Market Trends said” or “Tom from Neural Market Trends wrote,” etc.

What makes me steaming mad is when sploggers take my entire or partial RSS feed, add a stupid link back with text like, “someone said” or “GABA said, ” or some other nonesense that makes you realize it was some sort of automated script that ripped off your content. Then they surround your content with Google Ads hoping that all this content will give them higher SEO and drive traffic to their site.

Well I started fighting back and start reporting sploggers to Google Adsense (if they have Google Ads) and its been successful. Within a day to a few days, the sploggers site is shut down if its on blogspot or the Ads are suspended. That usually takes the splogger offline.