TRADING STATUS - CPO FUTURES - APRIL 2009

CPO futures

1april - long - 2024, liquidate at 2141 on 6april

6april - short - 2141, liquidate at 2184 on 7 april

7 april - long at 2184, 2179, 2162, 2159 and still holding

TRADING STATUS - CI SPOT - APRIL 2009

CI SPOT
1april - long - 873, liquidate at 915 on 7april

7april - short - 915, 920, 924, liquidate at 920 on 9april

9april - long - 915, still holding

Money Management (March 03, 2009)

Money Management

(March 03, 2009)

Overview » | Features » | FAQ » | Sign Up Now »

Money management is like sex: Everyone does it, one way or another, but not many like to talk about it and some do it better than others. But there's a big difference: Sex sites on the Web proliferate, while sites devoted to the art and science of money management are somewhat difficult to find.

Gibbons Burke

TRADERS GOLDMINE

The BursaMalaysia is Traders Goldmine.

With the right knowledge, the sky is the limit.

Go to www.turtletraders.com to learn the art and science of profitable trading :)

TURTLE VS TORTOISE

I guess who will win?

My latest research shows that only when emaxxx and smaxxx crosses each other, then recession is over.

As for today the market is still bearish.

Many so call investors are still in the "hospital".

May God blesses us all.

At last, economy leveling off -- but bumps not over

Economy finally seems to be leveling off, but more job losses, other bumps still ahead

• Jeannine Aversa, AP Economics Writer
• Thursday April 9, 2009, 4:39 pm EDT

• Print

WASHINGTON (AP) -- At last, after a nerve-racking six-month descent, the economy appears to be leveling off.

But don't assume the bumps are over.

Stock investors, shoppers and home buyers are less jittery. Once-frozen credit markets are slowly thawing. And economic indicators that had been going from bad to worse are showing signs of stabilizing -- though still at distressed levels.

There were fresh signs Thursday that the full force of the recession may be petering out: a strong profit forecast from Wells Fargo, a drop in unemployment benefit filings and several retailers predicting solid April sales. On Wall Street, the Dow Jones industrials rose nearly 250 points.

Still, with unemployment rising, it will be at least several months before the country's economic engine pops into a growth gear. Job losses -- and the fear of them -- act as a headwind against consumer confidence and spending, which account for more than two-thirds of the U.S. economy.

"The sense of a ball falling off a table, which is what the economy has felt like since the middle of last fall, I think we can be reasonably confident that that is going to end within the next few months, and we will no longer have that sense of a free-fall," President Barack Obama's top economic adviser, Lawrence Summers, said Thursday.

But Summers, who spoke at the Economic Club of Washington, said it was too soon to forecast how strong the rebound would be and when it would take hold.

The economy shrank at a 6.3 percent rate in the final three months of 2008, the worst showing in a quarter-century. Some economists say it fared about as poorly in the first three months of this year, while others expect a 4 to 5 percent rate of decline. The government releases its initial estimate at the end of April.

And the economy is still shrinking in the April-June quarter -- perhaps at a rate of 2 to 2.5 percent, some analysts say.

When will it grow again? Maybe the final quarter of the year.

For now, said Brian Bethune, economist at IHS Global Insight, "I think we can say we've gone through the most terrible part of the recession."

The scenarios charted by economists are consistent with Federal Reserve Chairman Ben Bernanke's hope that the recession, now in its second year, will end this year.

Bernanke, however, has been quick to caution that this will happen only if the government succeeds in stabilizing financial markets and getting banks to lend money more freely again to both consumers and businesses. To that end, the Fed recently plowed $1.2 trillion into the economy in an attempt to reduce interest rates for mortgages and other loans.

Even in the best-case scenario, the unemployment rate -- now at a quarter-century high of 8.5 percent -- is anticipated to climb to 10 percent by the end of this year.

History shows that the jobless rate moves higher well after a recession has ended. That's because companies won't want to ramp up hiring -- often their single-biggest expense -- until they feel confident any recovery will be lasting.

Consumers, whose sharp cutbacks in spending plunged the country into a steep economic tailspin at the end of last year, seem to be gradually spending more freely.

On Thursday, Wal-Mart Stores Inc., the world's largest retailer, said sales at stores open at least a year increased 1.4 percent in March. However, discount retailer Target Stores Inc.'s sales fell.

The government reported last month that consumer spending rose in February for the second month in a row -- after a half-year of declines.

Shoppers' appetites to spend should get a lift later this year from tax cuts contained in Obama's $787 billion economic stimulus package. Tax credits of $400 per worker and $800 per couple translate into about $13 a week less withheld from paychecks starting around June.

The hope is that the added consumer spending will prompt retailers to replenish inventories, which have been cut nearly to the bone during the recession. That would require factories to boost production, creating a ripple of positive economic activity.

Thursday's $3 billion first-quarter profit forecast from Wells Fargo was in part a reflection of the very low interest rates at which banks can borrow money from the government and then lend it out at higher rates to consumers and businesses.

Another positive flicker came Thursday from the Labor Department, which reported that the number of newly laid off Americans filing for unemployment benefits dropped by 20,000 last week to 654,000.

Although credit and financial conditions have shown some signs of improvement since the worst of the crisis last fall, they are operating far from normally, Fed officials say.

"In view of the state of the credit markets, it seems a fair bet that it will take time for momentum to build," Gary Stern, president of the Federal Reserve Bank of Minneapolis said in a speech Thursday. "But with the passage of time -- as we get into the middle of 2010 and beyond -- I would expect to see a resumption of healthy growth."

To be sure, the economy is not out of the woods yet. Another bailout of a troubled bank or other company could easily shatter already fragile confidence and send the economy reeling again. The collapse of General Motors would send many more to the unemployment lines and could jolt the economy into a major backslide. And, there's the risk that consumers will once again shut down as jobs continue to vanish.

And, even if the recession were to end later this year, most economists believe economic activity won't return to a more normal pace of around 3 percent to 3.25 percent until late next year.

"Yes we have probably seen the worst ... but the shape of the recovery will look more like the Nike swoosh," meaning a gradual -- not sharp -- rise back to normal, said John Silvia, chief economist at Wachovia Corp.

Soros: "Danger of Collapse Has Passed," But Stock Rally Not Sustainable

Americans Were "Living in a Fool's Paradise" That's Gone Forever, Soros Says

Posted Apr 09, 2009 09:24am EDT by Aaron Task in Newsmakers, Recession

Related: ^DJI, ^GSPC, SPY, DIA, QQQQ, TLT

If nothing else, the credit crisis of the past 18 months has debunked the notion of financial market being an all-knowing, self-correcting mechanism that perfectly allocates capital. Even Alan Greenspan admitted as much.

As a result of the bursting of that theoretical bubble, Americans' lives have been inexorably changed and "there's no way to go back to where we came from," says George Soros, chairman of Soros Fund Management.

Americans were "living in a fool's paradise" based on the "false promise" of the "market magic," and the idea debt-fueled consumption was a sustainable and legitimate economic policy, the billionaire speculator says.

Soros delves into what this means for the future in his latest book The Crash of 2008 and What It Means and in the accompanying video, the latest installment from my extensive interview with the famed financier.

Earlier:

Klinsmann's future at Munich looks to be in doubt

FRANKFURT (AP) - Juergen Klinsmann's future as coach of Bayern Munich appeared in doubt Thursday after his team's 4-0 away loss to Barcelona in the Champions League quarterfinals.

Klinsmann said he has no intention of stepping down, but many newspapers speculated that he was about to be fired with Bayern's defeat at the Camp Nou on Wednesday having been preceded by a 5-1 loss to Wolfsburg in the Bundesliga last week.

"Klinsi, that was it!" read the headline of the front page of Munich's Abendzeitung, while Bild said, "Klinsi will shortly be ousted," and Berlin Kurier's described the match as: "A first-class burial, a total dismantling, an outclassing, a declaration of bankruptcy."

Bayern president Franz Beckenbauer described the first half of the match in Barcelona, when Bayern conceded all four goals, as "the most dreadful I'd ever seen from Bayern - a catastrophe."

Beckenbauer, who writes columns for Bild, had said before the match that Bayern officials would get together after the season and "discuss consequences, if necessary."

That remark irked general manager Uli Hoeness and chairman Karl-Heinz Rummenigge, who cautioned against making any hasty decisions.

"Now, we have to remain rational and not to overreact and not make any senseless, spontaneous decisions," Rummenigge said.

"We have to save what can be saved and that means trying to achieve our goal in the eight remaining games in the Bundesliga. I can only ask everyone to do their best to use the one chance in the Bundesliga that we still have."

Klinsmann, who led Germany to a third-place finish at the 2006 World Cup at home in his first coaching job, had never coached a club before arriving at Bayern at the start of the season on a two-year contract.

Bayern has already has conceded one of its titles from last season, the German Cup, and could also lose its Bundesliga title.

The team is fourth in the standings - three points behind Wolfsburg and Hamburger SV - with eight rounds remaining.

Klinsmann had left his California residence to return to Germany and take up the most scrutinized job in German football outside perhaps the national team. He surrounded himself with a large international staff and instituted many changes but Bayern has rarely shone this season, especially since the winter break.

The Champions League has now been written off and Bayern must try to win the only possible title still within its grasp.

Klinsmann wasn't ready to throw in the towel, telling German reporters before departing Barcelona that he had not lost his interest in the job "in any way."

"It's a very difficult moment and that's normal for the job. Now, the team knows that it's five to 12," Klinsmann said. "But I know what this team is capable of and I have no doubt that it will show a reaction Saturday."

Bayern travels to Eintracht Frankfurt in the Bundesliga.

"We can now focus fully on the championship," Klinsmann said, adding that the title was an "obligation" that would make or break both the coach and the players.-AP

Kaka pledges his future to AC Milan

AFP - 2 hours 22 minutes ago

ROME (AFP) - - Brazilian superstar Kaka pledged his future to AC Milan in an interview published in the Gazzetta dello Sport on Thursday but left the door open to a possible departure.

Asked if he would stay at Milan for life, Kaka's reply was ambiguous: "For the fifth time, I would think so, but I have more lives than a cat."

Kaka was responding to the recent speculation in both the Spanish and Italian press claiming that a deal has been struck to take him to Real Madrid at the end of the season.

It's a situation the 27-year-old is more than used to having been linked with Chelsea a year ago and been the subject of a bid from Manchester City during the January transfer window.

But the former World Player of the Year insists there is no truth in any of the rumours.

"I think over the last few days too many people have been talking, now it's my turn," he said.

"I have not had contact with Real, no-one has come in for me and I think I've already expressed my happiness and my desire to stay here.

"More than anything this is starting to become a boring story, also for the public.

"Even so, I think I have built up enough credit with the fans and shown them that I want to stay.

"There was that moment of doubt with Manchester City when I didn't know what would happen.

"But then I decided (to stay) and I'll repeat it again, I have had no contact or agreement with anyone."

Speculation is not just swirling around Kaka's head at Milan but also that of coach Carlo Ancelotti who has been linked with both Real and Chelsea.

However Kaka believes Ancelotti will continue his seven-year stint in the San Siro hotseat.

"He's very attached to this team. For sure after a certain number of years he could want a change but if he stays he will beat the record number of matches (on the Milan bench) set by (Nereo) Rocco.

"Being a part of the club's history like that would be no small thing."

While the attacking midfielder is still one of the most sought-after talents on the planet, this season has been far from one of his best.

Kaka has spent some time on the sidelines with injuries while he has also struggled to find his best form on the pitch.

Earlier in the season he complained he was not playing his best because the arrival of Ronaldinho in the summer had forced him to play deeper, but with his compatriot no longer in the starting XI, when Kaka has been fit, he has played off either one or two forwards.

He believes his problems have mostly stemmed from injuries.

"I have had many problems, my knee, my groin, my foot," he said. "I've not managed to find any consistency and I'm not at 100 percent, not even now.

"I hope to get there before the end of the season, I hope to be able to give us an extra push to assure a place in next season's Champions League."

Milan, who trail leaders and bitter city rivals Inter Milan by 14 points, sit third in Serie A and need to maintain that position to qualify directly for the group stages of Europe's premier club competition.

However, should Milan make it, Kaka believes they need to introduce some fresher blood into the side.

"When I arrived in 2003, Milan had the perfect mix of youth and experience," he added.

"Some players are a bit old. We need to refresh the mix and lower the average age of the squad."

TRADING MODELS vs FORMULA ONE SETTING

Trading models are like setting for Formula One cars.

You cannot have one parameter. Each setting is for different race course.

If the same setting is used the performance of the car is limited.

The same logic applies to trading models, appropriate adjustment has to be made for every markets, but sometimes the same trading models can be used and practised.

Ironically, most of the Turtletraders hide their trading models from the other traders.

Well afterall this is a ZERO SUM GAME.

SEC is floating options to limit short sales

Regulators floating options to restrict short-selling amid pressure from companies, lawmakers

• Marcy Gordon, AP Business Writer
• Wednesday April 8, 2009, 12:05 am EDT

• Print

WASHINGTON (AP) -- Federal regulators are floating several options for reining in the practice of short-selling stocks, as investors, corporations and lawmakers clamor for restrictions on moves they say gutted vulnerable companies and worsened the market's downward spiral.

Members of the Securities and Exchange Commission are meeting Wednesday to vote on new rules restricting short-selling, in which traders try to profit from a stock's decline by selling borrowed shares. Several proposals are expected to be put forward for public comment.

The agency could settle on one plan and formally approve it sometime after the comment period.

It marks the second time in less than a week that financial relief measures pressed by Congress were taken up by overseers. Last Thursday, the independent Financial Accounting Standards Board gave companies more leeway in valuing assets and reporting losses.

Both sets of changes would especially benefit banks and other financial institutions, whose balance sheets have been battered in the financial crisis and whose stocks have often been targeted by short sellers.

The SEC's move is the first major initiative by the agency under Chairman Mary Schapiro, who was appointed by President Barack Obama and assumed the position in January.

Short-selling is legal and widely in use on Wall Street. The practice involves borrowing a company's shares, selling them, then buying them back when the stock falls and returning them to the lender. The short seller pockets the difference in price.

Proponents of short-selling say it can make markets more efficient, bring in more capital and raise warning signs about weak or badly managed companies. But companies and regulators maintain that the practice widened the scope of the financial crisis and contributed to the collapse in value last fall of a number of bank stocks -- as well as the demise of investment bank Lehman Brothers.

As the market has plunged, pressure has been building from investors and Congress for the SEC to reinstate the so-called uptick rule, which it abolished in 2007. The rule was established in 1938 during the Depression that followed the 1929 market crash. Those pushing for its restoration say the absence of the rule has fanned volatility in the market, prompting bands of hedge funds and other investors to target weak companies with an avalanche of short-selling.

Professional short sellers and some analysts, on the other hand, have warned of possible negative consequences of restricting short-selling, maintaining that such a move could actually distort -- not stabilize -- edgy markets.

The uptick rule requires short sellers to wait to sell shares until a stock trades at a price at least slightly above its previous trading price. The idea is to install "a bit of a speed bump in a declining market," Schapiro told reporters on Monday.

Schapiro confirmed that another option being considered, in addition to reinstating the uptick rule, is a sort of "circuit breaker" for stock prices. That approach would force short sellers to sell shares above the going market rate when they execute a short trade -- it would only go into effect after a stock price has had a sharp decline by a certain amount.

Another option, known as an upbid rule, would allow short sellers to come in only at a price above the highest current bid for the stock.

Whatever changes are adopted won't stifle short-selling in a blanket way, Schapiro said.

The SEC repealed the uptick rule in July 2007, when the stock market was near its peak. A test by the SEC earlier that year, removing the uptick rule for one-third of the stocks in the Russell 3000 index, found it could be eliminated without causing significant harm.

"Those studies were done in quite a different time," Schapiro said Monday.

Last fall, the SEC adopted measures aimed at imposing protections against abusive "naked" short-selling. That refers to sellers selling shares they haven't even borrowed yet, and then looking to cover positions immediately after the sale.

In addition, some Wall Street firms have cut back on lending stocks to short sellers, The Wall Street Journal reported Tuesday. As a result, the number of stocks in which large blocks of shares haven't been properly delivered to investors has dropped to a daily average of 79 in the first quarter from 529 in the first nine months of 2008, according to the newspaper's analysis of trading data from major stock exchanges.

Analysts mull replacements for GM, if dropped from Dow index

NEW YORK (MarketWatch) -- With General Motors Corp. possibly headed into government-sponsored bankruptcy, the automaker's standing as one of 30 members of an exclusive club -- the Dow Jones Industrial Average -- is now viewed as shaky.

Goldman Sachs Group Inc. (NYSE:GS - News) is among the picks of analysts weighing in on likely replacements.

General Motors (NYSE:GM - News) and another Dow component, Citigroup Inc. (NYSE:C - News) , were days ago dropped from Dow's global stock index. News Corp. (NasdaqGS:NWS - News) , the owner of the index as well as of MarketWatch, citied market conditions for their ouster.

Pulling a company from the global index is often a "trial balloon" for an eventual ousting from the Dow industrials, said Doug Roberts, chief investment strategist for Channel Capital Research.

Among the five Dow stocks to close below $10 this year, GM on Friday closed at $2.10 a share, just days after the White House forced GM CEO Rick Wagoner to step down. President Barack Obama has said if a plan to restructure the automaker fails, his administration is ready to let the company slide into a structured bankruptcy.

"The Dow has lower turnover than a Park Avenue co-op building, and is just about as difficult to get into," said Nicholas Colas, chief market strategist at BNY ConvergEx Group, noting that the blue-chip index has changed less than one name a year since it started more than 100 years ago.

Goldman Sachs tops Colas' suggested list of compelling replacements for GM, saying the price of its stock, which on Friday traded at about $114, makes it a logical fit, given the Dow is price-weighted.

"It will be one of the first large banks to hand back TARP money, and will benefit from increased capital markets activity," he said.

Art Hogan, chief market strategist for Jefferies & Co., believes a transportation-type company would be the most suitable replacement for GM, and points to delivery companies FedEx Corp. (NYSE:FDX - News) and United Parcel Service Inc. (NYSE:UPS - News) as suitable candidates.

Apple Inc. (NasdaqGS:AAPL - News) is another company with a big stock price "that could really impact the Dow," said Colas of the consumer technology company. "Steve Jobs' uncertain health may sway the Dow editors, but who can deny this company's consistently deft hand at making happy, shiny consumer tech products," said Colas.

Another potential candidate from the financial sector would be Wells Fargo & Co. (NYSE:WFC - News) , the inclusion of which would "give the Dow more leverage to a recovery in the mortgage and housing markets," said Colas.

The technology sector would be a safe bet for potential Dow replacements, said Roberts, who points to Cisco Systems Inc. (NasdaqGS:CSCO - News) as a likely candidate.

Colas agreed. "Cisco fits the bill as one of the most methodical and dominant companies in technology. Not a flashy tech name, but great execution and sure to benefit from global recovery in tech spending," he said.

Other technology contenders on Colas' list include Oracle Corp. (NasdaqGS:ORCL - News) , especially in light of the business software company's recent decision to start paying a dividend, "since many Dow stocks have a payout."

Internet search engine Google Inc. (NasdaqGS:GOOG - News) would also make sense, according to Colas, pointing to the company's $300-plus share price. "That alone may scare off the Dow committee. But there is no doubt of Google's dominance in its business, and its ability to stay relevant for a long time," said the analyst.

Away from the financial and tech sectors, Colas points to agricultural products giant Monsanto Co. (NYSE:MON - News) as his "favorite dark horse for inclusion." Although Monsanto is not as well known as other contenders, Colas says "its technology and competitive advantage would be unique in the Dow."

Beyond GM, Citigroup Inc. (NYSE:C - News) and Bank of America Corp. (NYSE:BAC - News) are also viewed as likely to get the boot, with Hogan also pointing to Wells Fargo as a potential replacement candidate. US Bancorp (NYSE:USB - News) and MasterCard Inc. (NYSE:MA - News) as possibilities.

On Friday, stocks meandered between gains and losses after the March jobs report, which had the unemployment rate climbing to 8.5%, the highest since November 1983. See Economic Report.

Energy and financials fronted sector gains, with the Dow Jones Industrial Average (DJI:^DJI - News) gaining 39.51points, or 0.5%, to end at 8,017.59, giving it a weekly advance of 3.1%. The S&P 500 Index climbed 8.12 points, or 1%, to 842.5, up 3.3% from the week-ago close. The Nasdaq Composite (COMP - News) rose 19.24 points, or 1.2%, to close at 1,621.87, a weekly gain of 5%.

OVERNIGHT TRADERS VS DAYTRADERS

Obviously, Overnight Traders make money from Daytraders.

It is pure common sense.

Even an article in the Turtletrader.com confirmed this situation.

Daytraders making money is pure rhetoric.

Goldman CEO: Wall St. executive pay needs overhaul

Goldman Sachs CEO calls for overhaul of Wall Street executive pay, hedge fund oversight

WASHINGTON (AP) -- Goldman Sachs CEO Lloyd Blankfein says Wall Street compensation needs to be overhauled and hedge funds subjected to government oversight to reduce the kind of excessive risk taking that stoked the global financial crisis.

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Lloyd Blankfein, who received compensation valued at nearly $43 million last year, said Tuesday that lessons from the crisis include the need to "apply basic standards to how we compensate people in our industry."

The chief executive of the Wall Street powerhouse suggested a handful of guidelines, including having an individual's performance evaluated over time to avoid excessive risk taking and only paying junior employees mostly in cash. The percentage of pay awarded as company stock should increase significantly along with an employee's total compensation, he added.

Blankfein also said unregulated pools of capital that are big enough to potentially endanger the financial system in a crisis should be put under "some degree" of government oversight. Those would include large hedge and private equity funds.

Public anger over the financial distress and taxpayer bailout of the banking industry spilled over to Blankfein's appearance as protesters confronted him at a gathering of the Council of Institutional Investors. The organization represents public, corporate and union pension funds that together have an estimated $3 trillion in assets.

A wave of public outrage over compensation crystallized around the millions in bonuses paid to employees by embattled insurer American International Group Inc., which has received $182 billion in federal bailout money. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke have urged a new regulatory regime that would set compensation standards for financial institutions.

Many believe that banks and other financial institutions reward their executives for short-term, high-risk gains with negative long-term consequences.

"Much of the past year has been deeply humbling for my industry," Blankfein said, acknowledging it could take years to rebuild the investor confidence lost partly by industry practices that appear "self-serving and greedy in hindsight."

Capital and lending standards for banks should be subject to more "dynamic regulation," while hedge funds -- which draw hundreds of millions of dollars from pension funds, charities, university endowments and wealthy individuals -- and private equity should be regulated, he said.

The Obama administration recently presented a plan to Congress that would require larger hedge funds, and other private pools of capital like venture capital funds, to register with the Securities and Exchange Commission. Such a move would open their books to federal inspection.

Goldman Sachs Group Inc. said recently it hopes to return its $10 billion investment from the government under the financial bailout program as soon as possible.

Former Goldman executives have populated the White House and Cabinet under both parties, and the company casts an influential footprint in Washington. Former Treasury Secretary Henry Paulson -- the primary architect of the government's bank bailout -- was Blankfein's predecessor as Goldman CEO.

Blankfein's remarks in Washington, urging Wall Street to higher standards, were reminiscent of a speech Paulson made in 2002 at the height of the corporate scandals. Paulson, then Goldman's CEO, called for changes in how public companies are run and regulated to help restore battered investor confidence and the limping financial markets.

As Blankfein began his address Tuesday to the gathering in a hotel ballroom, two members of CodePink, the women's anti-war activist group, appeared on the stage with a large pink banner saying, "We want our $$$$$ back."

Blankfein asked them to leave and they did. But the women later charged onto the stage and podium yelling protests against the bailout. The protesters reflected a prevailing view that is "real and visceral," he said.

"Any money that was given to Wall Street was never intended to be permanent capital," Blankfein said.

The standards he proposed for executive compensation in the securities industry should reflect an individual's ability "to identify and create value," he said.

Under other guidelines Blankfein proposed:

--Compensation should include an annual salary plus deferred compensation.

--All awards of stock should be subject to future delivery or a deferred ability to exercise them over at least a three-year period.

--Senior officials should be required to keep the bulk of the stock they receive until they retire.

Jim Schnorf, a member of the board of the Eastern Illinois University Foundation, said Blankfein's remarks were constructive in light of the need to recast the role of stock option awards as incentives to company executives.

"There certainly has to be some mechanism to align management's interests with what's best for shareholders," Schnorf said.

Blankfein received compensation valued at $42.9 million during fiscal 2008, virtually all of it coming from stock and options awarded for his previous year's performance, according to an Associated Press calculation of data recently disclosed by the company. He got no performance-based pay for his work in fiscal 2008, when Goldman Sachs reported its first quarterly loss since becoming a public company and its stock fell more than 60 percent amid the deepening credit crisis.

MONEY MAKING MACHINE 4

CI SPOT
EMA15
SMA27
Equivalent to EMA4 and SMA5+.2

Daytraders will get killed :)

MONEY MAKING MACHINE 3

CI SPOT
EMA11
SMA13
EMA27
SMA34
XXXX
EMA11
SMA27
XXXX
EMA9
SMA27

DAYTRADERS vs CASINO OPERATORS

Till now, there has been no evidence that daytrading makes money.

They may make money today but will loose it another day.

Daytrading is like gambling, rather than daytrading, better go to the casinos.

Daytraders tend to think that they are clever, but in actual fact they do not know anything.

Actually they are losers, and most of these people have no fix job.

Sometimes I pity them.

I suggest that they put their money in the Trust Fund.

MONEY MAKING MACHINE 2

CI SPOT

EMA11 AND SMA13 - 60 MINS.

EMA4 AND SMA5+.2 - OVERNIGHT

MONEY MAKING MACHINE

CI SPOT

EMA13 AND SMA13 + SMA27 INTERVAL 60MINS.