Haha well I meant finance obviously. You can make fun of that and tell me how worthless it is and that's fine - you're entitled to that opinion and I'm not going to argue with you about it. Lets just say I'm on the other side of the spectrum - the grunt trying to learn the ropes on the black box side of things.
I can't offer my "insight" for obvious reasons but I do like to discuss combining economic and financial theory with quantitative trading. If this thread is reserved for staring at charts and trying to see shapes and figures in them then I'm afraid I can't add anything but if you do discuss market dynamics then I'd be happy to chime in with my crazy thoughts. I just don't like seeing people only bragging about their winning trades and making it seem like they never lose because we all know that's bull. You admit you've lost money, as have I, and I've learned from those trades as I'm sure you have.
You mentioned earlier that metals and the general markets move the same way but how are you quantifying this? If you mean the general "drift" then of course that would be correct, but if you actually look at the returns the correlation between gold and the S&P is actually quite low, while the correlation between gold and silver is pretty high (obviously). Gold is usually regarded as a longer term inflation hedge so subtracting inflation out of market prices and comparing them with gold returns actually doesn't show much of a relationship.
Also... be careful with leveraged ETFs because their fees aren't exactly what they make it out to be. You said you stopped following those number crunchers so I guess you're not really concerned with that then.
Quote:
Originally Posted by mact3333
A grad degree in TA?...lol...okaaayy...  ...I offer theories and charts...like I said before you come with nothing...I actually trade based on my charts and theories...nobody is asking anyone here to trade or take any action...it is a place for discussion, no more no less...you can participate or go to the other stock mkt thread and trade NFLX, AAPL, SIRI.
I could care less whether you are a professional trader, a money mgr, or a grunt trying to learn the ropes at GS...none of that means anything when it comes to trading...you cant create a John Paul Jones or Jesse Livermore from a school.
When it comes to trading, a degree in business, finance or anything else they teach in college is worthless imho...you have to know what the institutions are doing and thats the bottom line...and good intuition is helpful also...most of the avg Joe volume doesnt move mkts...institutional volume does...and take into consideration that 75% of the trading volume on the big board is quant black box trading so the avg Joe's have very little influence on walls street...but I am sure your degree teaches you about renting a black box 100 ft closer to the big board at 200K a month to gain that nanosecond advantage right?...about as useful as Elliott wave theory or how about Dow Theory?... .
Some one once said to me it doesnt take much of a man to come on a MB and be critical...but it does take a man to come on a public forum and take a stand and either make or lose money based on that, now that you can respect, whether they are correct or not.
You seem to think that because someone comes on here and posts charts and takes a stand, that they would be at fault if someone chose to take that thread?...hmm, really?...I lost some on SIRI, AAPL, NFLX after reading the stock mkt I thread, Im gonna go on that thread and ask for a refund and weep?... 
Week or so ago when silver was getting pounded I noted I liked AGQ(double long silver)...here is why...while price was getting pounded(lower chart), large players were accumulating using effective volume(first chart)...you see AGQ today?...it made me happy... .
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