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A walk on the lighter side…..

Be Careful Out There:

IDIOT SIGHTING:
We had to have the garage door repaired. The Sears repairman told us that
one of our problems was that we did not have a ‘large’ enough motor on the
opener. I thought for a minute, and said that we had the largest one
Sears made at that time, a 1/2 horsepower. He shook his head and said,
‘Lady, you need a 1/4 horsepower.’ I responded that 1/2 was larger than
1/4. He said, ‘NO, it’s not.’ Four is larger than two…’

We haven’t used Sears repair since.

IDIOT SIGHTING:

My daughter and I went through the McDonald’s take-out window and I gave
the clerk a $5 bill. Our total was $4.25, so I also handed her a
quarter. She said, ‘You gave me too much money.’ I said, ‘Yes I know,
but this way you can just give me a dollar bill back.’ She sighed and
went to get the manager who asked me to repeat my request. I did so, and
he handed me back the quarter, and said ‘We’re sorry but we cannot do
that kind of thing.’ The clerk then proceeded to give me back $1 and 75
cents in change..

Do not confuse the clerks at MD’s.

IDIOT SIGHTING:
I live in a semi rural area. We recently had a new neighbor call the
local township administrative office to request the removal of the DEER
CROSSING sign on our road. The reason: ‘Too many deer are being hit by
cars out here! I don’t think this is a good place for them to be
crossing anymore.’

From King man , KS .

IDIOT SIGHTING IN FOOD SERVICE:
My daughter went to a local Taco Bell and ordered a taco. She asked the
person behind the counter for ‘minimal lettuce.’ He said he was sorry,
but they only had iceberg lettuce.

From Kansas City

IDIOT SIGHTING:
I was at the airport, checking in at the gate when an airport employee
asked, ‘Has anyone put anything in your baggage without your knowledge?’
To which I replied, ‘If it was without my knowledge, how would I know?’
He smiled knowingly and nodded, ‘That’s why we ask.’

Happened in Birmingham , Ala.

IDIOT SIGHTING:
The stoplight on the corner buzzes when it’s safe to cross the street.
I was crossing with an intellectually challenged coworker of mine. She
asked if I knew what the buzzer was for. I explained that it signals
blind people when the light is red. Appalled, she responded, ‘What on
earth are blind people doing driving?!’

She was a probation officer in Wichita , KS

IDIOT SIGHTING:
At a good-bye luncheon for an old and dear coworker. She was leaving the
company due to ‘downsizing.’ Our manager commented cheerfully, ‘This is
fun. We should do this more often.’ Not another word was spoken. We all
just looked at each other with that deer-in-the-headlights stare.

This was a lunch at Texas Instruments.

IDIOT SIGHTING:
I work with an individual who plugged her power strip back into itself and
for the sake of her life, couldn’t understand why her system would not
turn on.

A deputy with the Dallas County Sheriffs office, no less.

IDIOT SIGHTING:

When my husband and I arrived at an automobile dealership to pick up our
car, we were told the keys had been locked in it. We went to the service
department and found a mechanic working feverishly to unlock the driver
side door. As I watched from the passenger side, I instinctively tried
the door handle and discovered that it was unlocked. ‘Hey,’ I announced
to the technician, ‘Its open!’ His reply, ‘I know.
I already got that side.’

This was at the Ford dealership in Canton , MS.

IDIOT SIGHTING:

When I left Hawaii and was transferred to FL I still had the Hawaiian
plates on my car, as my car was shipped from Hawaii . I was parking
somewhere (I can’t remember) and a guy asked me “Wow, you drove from
Hawaii to here?” I looked at him and quickly said “Yep. I took the
Hawaii/San Francisco Bridge”. He nodded his head and said “Cool!”

STAY ALERT!
They walk among us… and they VOTE and they REPRODUCE……….

Elliott Wave and Bear Markets

Elliott Wave and Bear Markets


In  this information age we are all inundated by data, forecasts and opinions. Some based their forecasts on life experiences, statistical analysis, historical references, or even just opinion. In the end some will be correct, and most will be incorrect. To pick and choose among the various resources is a matter of personal preference. Yet, to pick and choose too many resources will result in information overload. We can all agree, economically these are treacherous times. Banks are dysfunctional, credit lines are tight, businesses that relied on ever expanding credit are failing, unemployment is rising, and deflationary pressures are everywhere.


We can all also agree that this is a cyclical economic downturn and not just an equity bear market. In the past century all cyclical bear markets have displayed similar characteristics. First, the equity market loses 50% of its value. Second, there is a 50% retracement of the entire bear market. Third, the final downleg. We label these three events are Primary waves A, B and C. The 1937-1942 cyclical bear market: lost 50% in a year, retraced 50% in a few months, and then took three years to retest the lows. The 1929-1932 bear market: crashed 50% in a matter of months, retraced 50% within a few months, and then continued to decline for the next two years until the market lost about 90% of its value. Technically, the main difference between the two cyclical bear markets is the 1929-1932 bear market continued to make new lows for the next two years after the initial 50% decline. While the 1937-1942 bear market went sideways for a few years, and only made new lows at the end.


Our current cyclical bear market has already declined 50%, but has yet to retrace 50% of that decline. The retracement may be underway now, as the market has already rallied 24% off its recent lows. When the retracement does complete, Primary waves A and B will have completed, and then Primary C will be underway. Only then can we estimate the potential total damage to the equity market. Prior to these two events occurring, many forecasters are just making educated guesses. Should the bear market stall we’ll enter a 1937-1942 scenario. Should the bear market start making lower lows, 1929-1932. The 1929-1932 bear market displayed some chartacteristics of its own. More on this should the need arise. When this bear market does complete its 50% retracement, to remain in equities would be a high risk venture.


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