Da Truth as of Fall, 2010...

George Steinbrenner Will Be Missed....

George Steinbrenner, owner of the New York Yankees died yesterday....George touched many lives, including mine...I knew of him in the 1980's when I lived and worked in Tampa; and did some work directly for him in 1985. I have fond memories of visiting Tampa Bay Downs while employed by George A. Levy, Inc. when I was in my 20's.


Here's a link to a tribute video of George Steinbrenner. @ 970WFLA
The Tampa Tribune has the most thorough tribute to George
Some testimonials from locals in Tampa


"Steinbrenner founded the Gold Shield Foundation to help families of police and firefighters who died in the line of duty. He gave a million dollars to St. Joseph’s Children’s Hospital in Tampa. He was a major supporter of the Boys and Girls Clubs. But a longtime friend says much of George Steinbrenner’s charity took place out of the limelight."

George A. Levy knew Mr. Steinbrenner for many years (as a vendor and friend) and offered these words, care of 970WFLA.com. George A. Levy also has done much work for charities, sports (especially the swim team at U of F in Gainesville) and was instrumental in Tampa hosting the NFL Superbowl. Both George's help put Tampa on the big city map!

"George Levy owned and managed a trophy shop in Tampa until his retirement. He served on the board of Gold Shield and other charitable groups with ties to Steinbrenner. “(He’d help) people who were sick, pay for kids educations. (help out) a waitress at a restaurant who was having a hard time… he just did so many things that people will never know how much he did.”

"Levy says that some of Steinbrenner’s charity was predictable, especially when it came to youth sports and activities. “If he read in the newspaper that a Little League had been broken in (and robbed), you knew he was ready to pay, you knew George would bail it out. A band that was trying to raise money to go to Washington and was thirty thousand dollars short, you knew George would call them. He would respond so quickly.”

Levy recalls another incident at St. Joseph’s, when Steinbrenner noticed a child had been waiting in a wheelchair for an hour. “He asked somebody why they’d been sitting there… (and was told) they had to wait for a van to come because the child’s grandparents didn’t have any way to transport him… and (Steinbrenner) ended up buying that family a van.”

“We’ve lost a great citizen today.”

God Bless you George Steinbrenner; your love of family, youth sports and community have helped make this World a better place! Rest in Peace.

portions of this post are quoted from 970wfla.com

Dow Repeats Great Depression Technical Patterns

Not looking "pretty" folks....
Click image of this video for a technical analysis of important World Markets as of July, 2010. The 4th Quarter of this year is looking pretty ugly on the equity side...

David Rosenberg Calls DOW 5,000 #$%!

"Even a dead cat will bounce when dropped from a great height."

NEW YORK (Fortune) -- Back in 2007, David Rosenberg was one of the first economists to warn investors of the Great Recession. Looking ahead, his outlook has not improved much.....

David Rosenberg calls Dow 5000 (just LOVELY for daytraders of the One Minute Methodology!)

.....CNBC guest 'rattles' Joe Kernan.....Excellent analysis by Damon Vickers of Nine Points Capital , imo


S&P 500 at "Death Cross"
Click image of Rick Santelli to hear his take on current economics of the USA as of the Summer of 2010.

Confused about tax cuts? Read this, a clear synopsis of how Reagan's tax policy created wealth, and raised government revenue. Democrats always spend more than they collect, that's why there were deficits folks!

Anatomy of Two Mechanical Trades

The One Minute Methodology requires some memorization, BUT the CYCLEDAYTRADER software makes many trades very obvious - since the E-mini Dow trades around the clock, you can too. Here's a 70 point long entry today, followed by a decent short entry (you're reversing direction) that ultimately goes 50+ points down (NET of 120 points in about 3 hours of trading).

The Green line along with the Blue/Yellow dots show the support levels and reversal rule (RHS is the reversal formation) after Code GL occurs - which is a retrace of yesterday's Code 3. This is a slam dunk trade since the right side of the RHS formation has the proprietary ONE MIN TRIX greater than the neutral line (the one min trix is below the price chart).

The trade exit is known, since the orange rectangles display the retrace to resistance level (70 pts from your entry) and the ONE MIN TRIX shows a sell setup which traders reversed direction at. Since the move up is an RR, you don't need dow behaviors, you're just piggybacking the mechanical systems that are repeating Institutional Stops.

You've now witnessed 100% technical trading......trade entries with known exits and known stop losses. Follow the habits of the big mechanical systems that control this index contract and enjoy the ride!

....GO TO BANK..WITHDRAW $$$$$$$$.....

Training Outline of the One Minute Methodology

NOTE: There are training videos that address most of these concepts, so the student can easily review and refresh their knowledge. Training is self-paced; a two month time period is projected before the student makes consistent, above-average daily income.

> The two variables, Time, Price
> Cycles
> Market Conditions and elementary trading rules
> Retracements
> The 3 Reversal Rules
> Identifying Market Conditions
> Using Paintbars to determine Market Conditions
> Using 'Deviation' to determine precise low risk trade entries
> Defining & Identifying Institutional Stops
> The 4th Reversal Rule
> Market Open Scenarios
> Dow Behaviors
> Decision-Making BEFORE Trading

> Application of Methodology to the Cycledaytrader charts

> Paper Trading
> Live Trading
> Analyzing missed or wrong trades

Another Latina "No Longer Available" ...

Penelope's L'Oreal billboards in Costa Rica are the best! she has awesome hair!!

Penelope announced she was married in July of 2010. There is also talk that Penelope is "with child", maybe twins. No doubt the baby(ies) will be BEAUTIFUL ! (great genes!).

It can be said that Penelope has fully recovered since dating Tom Cruise, ya think?

Black Swan, Second Edition...MUST reading!

Here's the link to Amazon.com

The Black Swan, Second Edition