Industrial Barbells For Small Ears

O'zapft is - MONEY NEVER SLEEP IS GOOD

weekend time reporting.
derived weekly.
fdax: +14.070.88 euros net .
total YTD +86991.24 euros net or + 25.59% compared to the starting capital in 2011 (340,000 euros).
graphic account

position in charge: 4 * 7235

update graph
finally arrived: a little lower. this is the start of a movement more important would be predictable for all the reasons we have said corny. by us was in August (-8.67%) not seen a hike max / min over 4% (in terms of points lost should instead be returned to us in May). serious corrective movements of 2010 took a hike of between 8% and 11%, which means the present value basis between 6850 and 6660. we'll see the following week it has lots of macros that will bring further volatility in the market.

contrary 7 days ago to the expectations of February is likely to close red (the crack has gone well over 300 points and so it would confirm the statistics us on Sunday). Germany's DAX was the worst of all the major indexes this week and it is not surprising in view of the tension built up in recent months that adds up to a negative correlation to any appreciation of the euro . salt the euro and the dax always suffer more than others.
our national index has almost 2 / 3 of the movement in the only day off on Monday. or is there or has already entered into after the loss on the reverse Millemetri line support medium-term (the bug has created an effect of 22 atypical survivor bias given the frequency of the bug on our stock market I think is becoming boring for the operator. but in this case the vacuum created by the bug is offset in part by the parameters with the fib that the normal share). very nice. more than 600 index points made with the sling (over 700 when you consider the bug 22).

few months ago while the Winey 11400/700 had written over the area (maximum 2000/2001) we had a free field for a spun sull'orsetto 700/1000 points. in just over a month we got 10 points from 12 400 (missing about 300 points). a lovely spun. what matters now is not to go back under the 11400. the next two weeks will be BASIC for the bear.

and now the answer to Stephen.
the premise is the strategy over (vds post on 5 February at 13:53), which provided revenue with a spread of 75 basis points over the first price to the usual maximum of 16 contracts. the first entry prices were fixed at 6955 to 7425 for the long and short. it was used by the SOC and also by me earlier this week (vds post of 20 us and earlier).

later (vds posts of 21-23 us) given the situation I have long raised the bar in 7235 with the specification of the over to keep the strategy described above. hence the first result us on Wednesday with the closing of trade started in 7160 (7235-75). ditto with potato trade on Thursday for us began in 7160 and 7085 respectively (7235-75 * 2).

would explain the need to specify the 4th and final entry in the completion of the usual 16 lots. the specification in fact corresponds to our 7075 target for the long over the original (vds post of 5 us). significant value to us (as evidenced from ex post to pull reverse Yesterday: minimum 7083.5) in contrast to 7010 which would be derived according to the strategy over (7235-75 * 3).

since 7235 as the starting price . the 7235 is our primary target for this year (vds previous operation to the holidays), I question the need to repeat it. for the secondary and its court filings to the main post on Sunday 20 us I point out that if we worked with 16 tg standard contracts with 15 points we made our figure in less than 12 minutes.

since 7160 as the second tg. There was a strategy (price-spread) that carried right on the line arrancione that strong resistance for almost 18 months has become support us in January (an important support laundry and recovered only with a gap on the right line). from that area had left the Corrections to January last (line of resistance), confirming that this is an area of \u200b\u200bdistribution in the case of resistance or support case in storage. provendendo from above was to be build. Yesterday the gap on those values \u200b\u200bwas not random.

because the 7085 and 7075 as the third and latest news. was a strategy (price-spread * 2) that led to the area that had preceded the upward leg of the mid / late January. the market rises but stepped down in the elevator. we had yet another test this week. 4 sessions to return to the values \u200b\u200bof us more than two months on December 21 capitalization burned and recovered only slightly. but the steps remain and for those who work with "minimum system" like us, are important.

I hope I was clear.
and available for any further clarifications.
ps. I'm sorry for your smurf, I hope nothing serious.
good luck.

next quintet is full of data. begins immediately with the PMI on Monday and continue with the ISM to finish with the given job.
very busy week and volatile, to be taken lightly.

MON : last update on 5 February this year has left the field with a large cross over 3% -1%.

the next are the last two weeks (I hope) before a period that will see me with some consistency out of the office until late April coatings in reality according to my schedule I would have to be Thursday coatings already in motion but Tuesday my wife come back up between the world and the problem did not seem the case to leave our riccardo at the mercy of a mamy "eletrizzata.

for now is over a week started fairly soft but with a continued growing at a test battery duracell. I almost make me tuck by Richard instead of batteries has not only more modern and thus more resistant, but also a mechanism that I'm thinking of patenting that enables it to be super active and fall into a blissful sleep over in the blink of an eye, breaking the so-called dead time of counting sheep.

for those who agree with yours a love-hate relationship for the sheep (smile) Board of Review a reading and a reflection . it gave me a starting point for further research to study because there are things in an investor's life more or less refined that they can not change it without any reaction.

yesterday was the turn of the trim of the BRK w. Buffet who in his letter to investors writes:

... Do not Let That reality spook you. Throughout my lifetime, Politicians and pundits Have Constantly moaned about terrifying problems facing America. Yet Our Citizens now live an astonishing six times Better Than When I Was Born. The prophets of doom Have overlooked the all-important factor That Is Certain: Human potential is exhausted from making, and Unleashing That the American system for potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive and effective . We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and 1941, America’s best days lie ahead ...(pag.4).

ci dice anche un altra cosa che spesso sfugge ai più (idem)

...The bountiful years, we want to emphasize, will never return. The huge sums of capital we currently manage eliminate any chance of exceptional performance ... our best years ended in the early 1980s. The market’s golden period, however, came in the 17 following years, with Berkshire achieving stellar absolute returns even as our relative advantage narrowed...(idem)

ma avverte

...But the job gets tougher as the numbers get larger. We will need BOTH good performance from our current businesses and more major acquisitions. We're prepared. Has Been Our elephant gun reloaded, and my trigger finger is itchy ... (P.6)

I recommend you do not miss the story of Geico, a company with value added accounting hidden and if you want to find them and do not have time to read a story even more interesting, "Life and Debt" on page 21 et seq.