Echo, Echo, Echo....

Look, I don't want to toot my own horn, really. I'm just tired of the crap I see on TV everyday masquerading as truth, wisdom, help and honesty. I had CNBC on for half the day, which is the most I've heard it all year, just so I could listen to the testimony of Uncle Ben. I caught some Cramer, and a few of the other talking heads and I've seen a couple of their calls and clips of their shows and they are making big bucks telling you stuff that is flat out WRONG. They are making BIG money giving you bad information and then they tell you that they are only doing it so they can "help you, the little guy" because otherwise, they don't need the money and they've got better things to do. I think they're not only WRONG, they're DISHONEST, and maybe even doing something, scratch MAYBE-MOST PROBABLY doing something, that serves someone else's interests as well as their own at YOUR EXPENSE. AS IF ENOUGH IN LIFE RECENTLY HASN'T ALREADY COME AT YOUR EXPENSE.

Now, WHO THE HELL AM I? I'm just a little trader who works from home, trading way too small an account truthfully, who teaches a technical analysis class every once in awhile at the community school at night. What do I gain from this site? Not much. I have an affiliation with TeleChart/Blocks so if you go to their site for the first time from one of my links and sign up, or if you sign up by phone and tell them you heard about them from Trade Guild, I get a small commission from Worden (which by the way costs you nothing extra, they pay it). I also have a TIP JAR (PAYPAL) on the right side of the site, but that rarely gets noticed. So I pretty much make zero for my efforts here. I certainly don't make the seven or eight figure salaries Jim Cramer makes. But I challenge you to go back and read some of my major market calls and go back and look at his and then look at our compensation and you tell me who has their heart in this and who really has the little guy's interests at heart.

I'm not interested in selling anything to anyone(except maybe Brian's Book because it will help you) , in fact I have an indicator that is probably one of the most useful and significant technical indicators available ( once you learn how to use it). I don't charge a thousand dollars for the code, I don't even charge a hundred dollars for the code. In fact, I don't charge anything for the code. A donation? Sure, it's nice, but no, it's not required. You do need TeleChart for the 3C as it is based on one of their proprietary indicators, but I don't even make you sign up from my site, although again it's nice. I'm like you, I'm a small trader in a tough market trying to make a living in a damn tough environment. Once in awhile, out of nowhere someone comes into my life-sometimes from my site, sometimes a friend or a family member, and they give me a hand when I really need it and right now, a lot of us really need it. So, if something I post or show you on my videos helps you out, then maybe I was that person for you. If sharing my indicators helps you to make money, that's great, as long as you're not on the other side of one of my trades using it against me.

So lets look at a few posts and see who deserves the eight figures and maybe you guys can land me a job on CNBC and send Cramer back to YahooFinance .

If you remember what the market was like in late June, we were in full rally mode, people were talking about a bottom having been put in. Here's an excerpt from Footprints in the Sand Saturday June 7th,

"The confirmation of these divergences on multiple formulations of the indicator and in multiple time frames show that while the market was moving up, there was a strong distribution cycle underway. Taken with other evidence (previously established here), these charts paint a picture that suggests a lot more than typical profit taking has been at play in the markets. There is simply too much chart evidence and historical precedent to assume this is anything other than a Bear Market Rally."



I go on to discuss the probability of Financials causing another Panic-Stage sell-off and post charts backing up my reasoning-that was posted a day after the market top for exactly what it was-a bear market rally.

I just heard Cramer a few weeks ago on his MadMoney telling his audience to use weakness in oil to buy-buy-buy. Sunday June 15 in OH HEAR YE, HEAR YE....I HERE FORWARD DECREE....
I started making my case for an oil bubble that's about to burst,

"In other words, the bubble is about to burst. That's right, I'm saying oil is a bubble and it will pop sooner rather than later. Bubbles are all alike, and I just gave this same post regarding real estate late last year."

and

"The recent volatility, the huge one day gains, this is all the typical action of a late bull market that is in it's last days, a topping market. There is huge volatility, huge 1-day gains, talk of $200, $500 a barrel, there all the same. Three little letters for you...DUG"

On Tuesday June 24 in DO I HEAR THE HISS OF AIR ESCAPING A BUBBLE? I kept on the oil bubble despite the fact that everyday that I said something about it was another opportunity for some short-sighted clown to send me an email pointing out the "trend" in oil and the "supply" issues and everything else. I'm not basing any of this on opinion (not most of it any way), this is my interpretation of the chart and guidance from 3C. Here's an excerpt,

"I really wanted to show you, before anyone else did. I always want to be the first to make a mistake! OIH, as you may or may not know, posted an impressive breakout yesterday through 221 level, q new all-time high. I have no reason whatsoever to be in the midst of a counter trend trade here, but like I said, I like to be the first to make a mistake so I'm long DUG and I'm long DUG July $30 Calls....

A failed breakout (should OIH's breakout yesterday actually fail) typically quickly reverses to the other direction for a multitude of reasons...So in effect, a breakout and one that produces an all-time new high, is an important event that will suck a lot of money into that issue...Now, should, for some reason, any reason, that breakout fail to hold above the breakout level and fall back below the breakout level, you have a lot of new money at a loss....This can and usually does, create a wave of panic selling, which puts more supply on the boards which in turn pressures prices, which in turn causes more selling ... This typically looks like and is called a "Bull Trap", thus you understand my curious moniker."

Keep in mind this was posted about OIH on June 24. Six days later, after making higher highs, higher lows all year long, that exact scenario unfolded. OIH created a bulltrap and broke down.

Recently I've been calling for a big short squeeze rally, my video last night suggests a probable broadening bottom which today's action remained perfectly consistent with. We may very well see that breakout creating a monster short squeeze. Right now, there's a lot of emotion at work in the markets which makes technicals even more difficult, thus the sloppy patterns like broadening bottoms. We'll see what happens. Just remember who's who in the zoo and who really has your interest at heart.