Informal analysis of the 'Economy'
 

Hi,

[quote]

The Unofficial NightDriver Yard Sale Index is up 30-50% this year. This is neither a Leading nor a Trailing indicator. It DOES NOT BODE WELL for us as an economy, as it means that MANY more people are holding yard sales to sell off "things" and "stuff" so as to transform assets. NOT GOOD!!!!

[unquote]

Link is below.

Best,

- Boyd


Informal analysis of the 'Economy'

Re: Informal analysis of the 'Economy'
 

Hi Boyd,

When it comes to economic or market forecasting, most people see what they want to see.

Until an idea can be tested and proven to have a positive correlation with a trend, it is nothing more than an opinion that gives you no edge in decision making.

As deciples of Joe Ross, we both know this, right?

Robert Campbell




Timing the Real Estate Market

That's a good point
 

Hi,

I'm a gloom 'N doom sort of guy, so I tend to easily notice gloomish stuff.

As a chart reader you have to read the chart, not read stuff into it. Maybe my tendency to see what I want to see was why I never made $$$ as a daytrader.

I just looked at the daily INDU, and using Joe Ross's rules, if I'm doing so correctly, today if it goes down past yesterday's lows it's in what Joe called a "confirmed downtrend." (It's already had a breakout of a 1-2-3 High.)

Best,

- Boyd

Speaking of 1-2-3 highs ...
 

Boyd,

Take a look at the daily price charts of 10-year notes AND gold (your interest?).

Very clear 1-2-3 indications that a major trend change has *likely* occured in each of these closely watched markets.

I love chart reading. They show the forces of supply and demand in action. That's why one well-read chart is *likely* to be more accurate than 100 economic forecasts.

One more thing, Boyd. And I'm sure you already know this.

To be really successful in the markets, you don't want to be a optimist or a pessimist.

Instead, you want to be a market realist.

My motto: This is what the market (chart) says, therefore this is what I do.

Robert Campbell




How to predict the peaks and valleys in real estate cycles.