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    This is probibly my last entry for 2008, Or untill tommorow depending on level of hang over , STRESS INVOLVED in the New Year libations , celebrations, For those of you uninterested I decided to stay with fannie mae , come what may at least untill 1:34 or so, I decided that since I saved all that printing expense , there shall be no limits on my determination to make it work this time.

To whom so ever it may concern:

HAPPY NEW YEAR !!

   It had been sort of a bad year, having had been long from 232.80 to .90 in usd/jpy, nobody could afford to print the report because nobody could afford all the red ink.

    To make things even worse, it was like being cursed by an enactment of a unreleased "Planet Of The Apes" movie, with an over the hill pinko commie Nobel hippie, cutting more deals that stunk worse than the old infamous deals of great repuke.

     So as the young bright eyed lad walked into the room with the "New York Ninja" sitting on dinning table drinking from a bottle of Scotch, the young lad asked "Are you the MASTER OF FX ?, with 20 years experience ?

     The old man replied " look in the 2nd drawer down on the right in that cheap recycled toilet paper dresser and see if the wallet of the individual resides there in.

      As the young lad produced several wallets he asked what about this one ?; The old man replied "he figured out it was allways the "little leg" that got everybody screwed.

      They all figured on taking the 5th, but violated the Elliot 1st by the 4th time and again and so were all determined to find something not in violation to use in the fib. numbers game - AMAZING ACCURACY  

       At least untill somebody gets grabbed that can update the program.

That's right there may be a FX FOR IDIOT'S 2009

After I deduct all my losses for 2008 and get my tax refund !

DON'T GIVE UP YOUR DAY JOB !

I can screw up a trade myself with astounding complexity so I really didn't need any help. After about a month of avoiding the Brokers "Guru" and his streak of account breaking deals and having missed raising my tax bracket by about 3 points on a stop loss that did not quite cover a .786 retracement, I decided that the odds were that the "Guru" had to snag a profit at least once this month

SO !

I supported one of his fx fantasies, Now I really knew better than to go the "pull back" crap, Since it didn't even cover a .382 but it was eur/usd so, Who Knows ?

Well to make a short story long

After I figured out this deal was going 50% at least, then arriving at .618, I reluctantly set up for .786 which should have been worth a hundred point's plus and every thing was set to go GREEN all the way to the profit limit zone !

So  am I bragging about being "Great"

NOT QUITE

You see I was watching the action and saw this beautifull hammer down under and says to me self , "Well why gamble", "Since this is the bottom, Just raise that stop loss up under this here candle - JUST IN CASE !"

I AM  BRAGGING ?

Not quite , You see this here hammer superceded a tiny move down,

Which  just hit  my stop loss !

However I concluded that my experienced screw up's are less frequent and lose less, Than the FX "Guru" ,  Whom I am now convinced was sexually assualted by Alien's and is determined to destroy fx traders account balance sheet's !

I just read an article about the "Old Days", Let me tell you about the "Old Days",

1. We were a proud,employed,well paid Industrialized Nation
2. Then the crap started, Only lowly useless jobs were being outsourced
3. Now you can't get a bleeping job over minimum wage and you don't need a bleeping education unless you intend to move to a foreign Country
4. Bleeping grow up and get real !

I might add that this garbage has been going on since at least the mid 70's

when the factory I worked for in IL. was going to move an assembly plant to another state to save money, Also I can remember the days when you could buy American Products in any store

 TV, RADIO, BLENDER, TOASTER  ETC...

The real job losses due to Government negligence, Corporate Greed, And the resulting "domino effect" on the economy  is directly related to the

"World Economy" crap

Once the industrial base collapses the mother bleeping idiots that support

this ignorance will go down as well, Posting ignorant commentary on the web is dependant on advertisers and subscribers

(manufacturing and related jobs)

   SEEMS LIKE EVERYBODY IS HAVING PROBLEMS THESE DAYS

     I guess they can't figure out that the streets are safer with out a crooked, pandering, useless, terrorized, sold out, politicaly expedited Government and police force with the otherwise incompetent  crooks on top and the border agents in jail for doing there job, than to have screw loose addicts running the government trying to a hole everybody with in " can be sold out" reach, than to operate in a mature orderly fashion.

      All these problems could be taken care of by not screwing the government forces, selling everyone out and play politics where politics does not belong in that fashion.

       The cheap expediant solution would be to turn loose a sniper unit on the dragons head, establish some sort of dependable law and order and hunt down the defectors. END PROBLEM

         Unless foreign backed and trained, I would not think a couple of crack house, a holed Rambos , with a bunch of mouth dummys (I left my prints on the window checking, I saw a red pick up (the pick up went with a known looser street behind) - all of them screwing each other, would really be much of a real problem, that is with out real screw balls on top of the political ladder trying to corn hole everybody lower to float there own sorry crap. 

SO

 we figured out that if the Union's get busted up and everybody takes a pay cut and becomes competitive with the cheap foreign labor and cheap imports

we can save the economy !

IF YOU MAKE

$77,100.00

A YEAR

depending on deductions, etc...

Figuring on a $218,400 new home (average) with a $43,000.00 down payment @ 5.6% interest f0r 30 years

with a $1,218.44 monthly payment

assuming this is approx 24% of your monthly income of approx $5116.77 after taxes 

you can help save the economy, pay for a new home and have

enough left over to buy a new car (maybe add $250.00 a month (min.), buy gas $300.00 month ?, pay insurance another $300.00?(home owners insurance included - 'depending'), buy grocerys another $400.00, pay the the light bill $200.00 (inc. heating, AC), buy furniture $150.00, including , appliances, home theatre, big screen tv, computers and clothes ETC... (give or take here and there, kids, medical, school, etc...),$1,600 in extra bills give or take a boat, extra car etc... whatever, your only up to $2,881.44 !

DEPENDING ON WHAT YOU BUY.!

CHEAP HUH ?

OK !

So make the whole deal 25% after taxes (bank a little beer money),

$11,525.76 pay check after taxes a month , $138,309.12 a year !

And take a vacation !

If your job does not get outsourced, your company ruined by cheap foreign imports etc...

And you thought it was all bad news

We just need all these average home buyers to

Work for less !

MINIMUM WAGE ?

  You need money to get "stimulated", so how about imposing the same crap on all drivers as was imposed on the truckdriver with the 11 hr and 14 hr rules ?

Try this on for "stimulating" , to the best of my understanding if a truck driver violates the golden rules '11 hr + 14 hr rules', and a drunk terrorist screaming "praise Alla" or whatever, The truck driver 'would not have been there if not in violation' and hence forth is guilty of the infraction not the drunk terrorist.

   So if these geniuses would do the same thing to other drivers then

Anybody working over 40 hrs, 2 jobs etc..., would be guilty in all accidents (including being attacked by a suicide squad of drunk terrorist) and raise a lot of money for ?

SOMEBODY ?

Well one of these days I gonna get one of them degrees in money, and get a job in fx with a Corporate account ! (I can't afford to lose that much any other way and still play), Now I am sure we is all proud to help that boy out on this here deal ! (He been having a rough time), and we busted that wave and sent it into orbit (at least some did I turned a couple bucks when I figured they was a puttin in the moola and banked a few then cashed out ! but I helped git it there !),

BUT

If on the other hand that boy used "reverse psychology" on us twaders and was a shortin it. Well all I can say is  OOPS !

Such youthfull exuberance

I might be a little short on chart but doing a quickie I give the

"big deal"

Abounce @ 1.25106, 1.21627 -(1.2141,1.21348), 1.15997 and may be even

1.046

NOW FOR THE PART YOU ALL BEEN WAITING FOR

"Could a contracting Bear conceive an expanding Bull"

(sounds like one of them there "predator" movies only instead of in outerspace it's right in the EUR/USD !)

LOOKING LIKE THAT MUDDA BEAR ON THE MONTHLY

IS STILL ON THE RAG ON THE WEEKLY

AND A FIXIN

TO SLAP THAT THERE DAILY BULLS D INTO E !

NOW !

Depending on if you think this might be a bear market and if you can think of 533,000 or more ; lets say about 3.1 million reasons the economy might

well lets say stumble a bit at times, then the bear might not be quite dead and that little bull might get passed like gas in a hurricane and buried in the mud slide.