Categories
- Blue Point Project (1)
- Commodities (9)
- Fun (9)
- General (218)
- Guest Contribution (10)
- Interviews (2)
- Knowledge (10)
- Market View (196)
- On the Economy (94)
- Pure Charts (23)
- Reading (15)
- Sofware (2)
- Special Reports (10)
- Strategies (19)
- Trading Strategies (37)
- Videos (27)
- World News (27)
Tags
2010
Aussie
Automated Trading
Bernanke
Bollinger Bands
Bonds
Bubble World
Carry Trade
Charts
China
Commodities
Dollar
Equities
ES
Euro
FED
Gold
Goldman Sachs
Greece
Hedge Funds
Japan
Live Internet Market Commentary
Mad Hedge Fund Trader
NFP
Ninja Trader
Non Farm payroll
Obama
Oil
PIIGS
Politics
Pound
Precious metals
Readings
resistance
SPX
Structural Problems
support
technical analysis
Trading
trading plan
Traffic Overview
Unemployment
USD
Yen
ZIRP

Bluepoint daily market view – February 12, 2010
You say you are a free thinker? Examine your own ideas. If they are similar to a large majority of people chances are you are a “Sheepeople.” Many people have come in to the Blue chat room and have listen to many of our parodies on the current economic state of affairs. Often said to be a bit radical, even the “commie” word has been used. I take it all in good fun.
Here is the point; if the idea sounds strange and radical, very often this is what is true – as you have been condition to think otherwise. For example: I believe in fact that it is not me that is a “commie” but this business lead right-wing party in America that has been promoting communist ideas for years. Nonsense? I could drop you into any American city and you would have no idea where you were at. It has the same franchised corporate government stamped stores and products every where – with vary little variety (i.e. Walmart has over 20% of the US retail market, many of the product in our stores come from a handful of multi-nationals.). Kind of like what Soviet Russia had in their government run communist stores – except with clever marketing twists. Individualism in America has all but disappeared, to a well oiled market manipulated handful of companies that have the government in their back pockets and the “Sheepeople” following willingly. Government or a handful of companies, either way it is centralized communist planning – no individualism allowed as you need to be politically correct !!!
So are you a “Sheepeople?”
Ok back to the markets: Equities look to continue its reflex rally off recent lows. It could extend today to 1082 or even to 1100. If we reach these levels in early trade today, shorts could be taken. Dollar and commodities retrenchment could also extend a bit more and then back down. Careful shorts on Forex and commodities on poke ups could be taken. Bonds are now trading in the middle of its several month trading range and we need to wait for direction.