I think the stock market has topped

On November 18th, 2009 Daddy WarBucks says:

Expect a rally in the USD

I anticipate a rally in the Dollar and a de-coupling from US equities.

The Dollar may just trade sideways for weeks or even months before this split occurs.

Then equities and the Dollar will probably trade parallel -- verticle.

The Last Hope Trader
Forensic Trading For Times of High Crime

/Mike

Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg

1. During the RP campaign was always calling punjab to get his checkbook so he could write RP a million dollar check - BUT it never happened!

2. Now he has these amazing skills as a stock trader and never misses a trade - BUT he's never willing to prove it!

3. Yesterday he changed his user name so he could brag on himself but didn't realize the username changed in all of his post - thus he was caught red handed so he quickly changed it back!

4. Now today a "mystery man" who has been banned from the DP, shows up again braggin on "dwbull under "someone else's username".

All I got to say is - Yeah RIIIIIIIIIGGGGGGGGGHHHHHHHHTTTTTTTT!

Gold and silver are increasing while the market is decreasing (-35 pts.) as is the value of the dollar (74+).

Gold $1,143.70 $1,144.70 up $5.30
Silver $18.54 $18.59 up $0.18

Updated:11/18/2009 2:25:59 PM CST

Is this the beginning of dollar capitulation?

To my family at The DailyPaul

What follows, is completely unsolicited, and is being posted without the
prior knowledge of DaddyWarBucks. While it may even anger him, I was
compelled to respond to what has been said and intimated here. While I
can't post this personally, I have sent it to a friend to be posted in
my stead. I apologize to Angelo if this is in any way against his
wishes or desires. I simply cannot remain silent.

My name is Paul and I am the author of the email of "thanks to Angelo"
that Daddy WarBucks posted in Mike's "Market Topping" thread. I have
been a long-time contributor to this sight but was banned recently given
my poor behavior towards an Obot on a thread here. You all know me as
Melgesman.

I am currently in Santa Ana testifying in the Broadcom Corporation
executive criminal trial taking place in Federal Court here. I returned
to my hotel room today to relax after my testimony, and began viewing
posts on the DP. I began reading Mike's "Market Topping" post only to
find a cadre of individuals attacking Daddy WarBucks as if he were the
greatest flim-flam filled, snake-oil salesman in existence...even though
he is selling...nothing! I would be laughing right now if the
circumstances surrounding this character assassination weren't so truly
pitiful. And when I say that would be "laughing", allow me to clarify
by adding that I'd be laughing at the stupidity of this "Cadre of Fools"
now ridiculing Daddy WarBucks. Allow me to explain...

I am a Trader. I am NOT someone who is "interested in investments". I
do NOT "dabble in the markets". I trade...all day...everyday and I've
been at it for more than 5 years without cessation. I have watched more
1 minute candles paint than I care to count. As a Trader, still in the
game after 5 years, I can tell you that I have PAID for the right to
call myself a Trader. My remittances have been made in the form of
regular expulsions of Blood, Sweat and Tears...and of course, Money.
Anyone here who has ever entered this arena knows what I am talking
about. The nature of the endeavor to become a "Trader" preordains this
experience, and no book, or course in existence today, can prepare you
for it. The emotional onslaught that all traders must learn to deal
with is relentless in its perversity. The uncertainty of the market,
and one's position within it, provides its participants with a seemingly
endless roller-coaster ride of emotion that, given the catastrophic
financial casualty, and devastating emotional trauma that is present,
both on a constant basis, and in great abundance, acts to constantly
thin the participatory ranks of those bearing the moniker of "Trader" .

Knowing this, and in an effort to harness or mitigate these affects, it
becomes incumbent upon the trader to place himself in a never ending
search for information...information that will provide nuggets of
wisdom, that act to improve his performance on a permanent basis, while
dampening the emotional pogo stick attached to the chair in front of his
monitors. In this vein, one must approach all things with analytical
discernibility while being very careful to avoid allowing any form of
bias or skepticism that may either cloud his investigation, or prevent
the assimilation of possibly valuable information. This is certainly
how I have approached this journey, and it has served me well.

About a year and a half ago, there was a thread here discussing the
market and investment. Within it, Daddy WarBucks was stating a belief
that those not in direct control of their trades, and in possession of
the knowledge needed to do so, had no earthly business handing the
results of their hard earned labor to someone else to manage in the
Piranha Pool...as such "experts" are typically Pirahas themselves and
would hardly have someones else's best interests at heart. This was a
view I completely agreed with. As I read what he wrote, my
discernibility button was pushed, the amplitude knob adjusted, and I
unquestionably recognized wisdom, knowledge and experience in his words.

The conversation then turned to the subject of commodities, and he
informed those participating that he "went to work" in the S&P Futures
market, however he occasionally placed small trades in the commodities
exchange. He then proceeded to post his most recent trades. I
immediately examined them on the charts and saw that he had not only
made about $1 Million in about six months (my recollection), but that he
had done so by entering and exiting his plays at the pivots! In other
words, he shorted at the top of the move...where wings of wax would
melt, and covered within smelling distance of the dirt at the bottom.
Either this was bullshit...or I was in the presence of a Master Trader.

Knowing the amount of pointless work it would take to fabricate such a
performance, and having already discerned that I was listening to a real
Trader, and not some pretender, my discernibility indicator began to
flash brightly. It was then that I decided to contact him through the
DP account. While we never spoke (we traded emails), he suggested a
path that I should consider and one that he credited with being
instrumental in the development of his ability. While I wasn't having
to "pull teeth" for this information, he was slightly guarded, succinct,
and "to the point" in his replies, having to be prodded for
information. In addition, and given that I tried, he wasn't exactly
"open" to establishing any relationship...professional...friendly...or
otherwise.

So, while I hadn't made a new friend, I perused the information he
suggested and quickly recognized that this was very important and highly
pertinent information concerning how the markets operate. I then took
his suggestions into serious consideration. He mentioned both
information and software, that he had used in the past, but no longer
used, and that helped him to clarify his understandings and hone his
skills. I read the information and bought the software he suggested.
Shortly after buying the software, I experienced a series of unrelated
crashes that resulted in my losing Daddy WarBucks contact information.
I then found, much to my chagrin, and probably due to the "Ridicule
Cadre", that he had "turned off" the ability to contact him through the DP.

Some months went by and a transformation took place in my trading.
Armed with my new understandings, my results were being affected to an
increasingly positive degree. I hereby lay the majority of the credit
for that improvement at Daddy WarBucks feet while retaining and small
portion for myself given the tenacity of my application of what I
learned. While I may have...I repeat...may have... eventually been
exposed to this information, I doubt that I would have given it the
credence that I did, simply because this discernibility that I tout,
enabled my respect for this man's wisdom and knowledge.

Since I'm sure that readers of this post are looking for the "Paul
Harvey" in all of this...here it is:

As my performance had strongly improved, and my emotional levels came
into acceptable ranges for the majority of my trades, I was compelled to
thank this man. And since he had turned his DP account to "private" I
posted a thread here that expressed my exaltation and thanks for the
time and suggestions that he had afforded me. In this post, I
reiterated his suggestions and my enthusiastic endorsement of their
efficacy to all who endeavor for competence in the Piranha Pool. Then,
some stockbroker/financial planner dude began barking and attacking me
for spamming the blog about a book and software and violating SEC/NASD
disclosure rules...Blah...Blah...Blah.

Believe me. Even though I may sadly be banned, you people have become
family to me, complete with all of the Love/Hate shit that such
relationships entail. My post was simply an effort to thank Daddy
WarBucks while informing my "family" about what I know. I initially
resisted removing my post but broker-boy kept barking and threatening me
as if his next step was to sick the Feds on me. So, given that I had
just sat for, and passed the Series 65 exam with the NASD, and was
unsure of whether my post was, or was not, afoul of SEC/NASD
regulations, and given that usurious Broker-Boy was dieing to play
tattle-tale, I removed the post. (I'd love to know exactly how he
prepared for, and protected his clients during the plunge that occurred
shortly thereafter...I can just hear him now..."We're in it for the long
haul"..."Yes I know that half of your retirement has disappeared but
hey!...We beat the S&P!"

Anyway...a year and a half has now passed since my brief contact with
Daddy WarBucks ended. In that time my progression has been both steady
and wonderful. With this said, it has not been without set-backs,
mostly emotional, that came in the form of personal mistakes in judgment
that caused me to break established rules and dealt me a "more than
acceptable" loss. Understand that catastrophic losses never occur
anymore however, occasional mistakes return me to the amusement park for
yet another ride on the Disappointment Express...always disappointment
with myself...and always reminiscent of a place I never wish to revisit.

Recently, on Monday Novenmber 9th, I burned myself on a short entry into
early weakness on the QQQQ's only to have it surge against me
immediately, at a time when nature was calling. Upon my return to my
tradestation, rather than see and accept the loss that I had been
handed, I broke all rules, adopted a child named Hope, cuddled her to my
breast, and immediately found that she had sharp teeth an an unruly
disposition. Being the loving father that I am, I unwisely decided to
hold and comfort her while she viciously attacked and gnawed at my
innards. For some unknown reason, I held her all day whilst she
devoured my essence, then jumped from my lap and ran out the door
leaving me quivering in shock. As the day ended and the pain throbbed,
I went to the local park and claimed a bench to ruminate on my debacle.
It was then that the voice that leads me in the proper directions began
to speak. It had me re-examine the circumstances around my interactions
with Daddy WarBucks and somehow it knew...and told me that I HAD to
contact him again. There was something else he had to tell me that he
had withheld before. I know this voice and I know not to discount it
so, I went home and tried to Google him. I didn't find him. Hell, I
didn't know his name. Since I was banned I couldn't post on the DP to
find him. So I went to bed thinking about other ways to get in contact
with him. The next day, he posted his Dude...Wait...What? post which
thankfully provided a link to a blog he has. Call it coincidence...I
don't...I know that voice and I know what it has brought me in the past.

So I contacted him again. I took the opportunity to thank him for
sending me in the direction he had. I also told him of the voice and
that it was my belief that he had something else to tell me. Well, he
did tell me and in that disclosure he so kindly handed me the keys to
his kingdom. Why he chose to tell me. I do not know. Perhaps it is
because I afforded him respect from the beginning. I don't know. What
I do know is that I can't adequately describe or express my gratitude
for it. While I initially felt a tinge of anger for the fact that he
had not told me of this a year and a half ago, I quickly realized that,
at the time I was not ready for, nor had I in any way earned, the
information and HAD to take the path I did to hone my skills to the
point that I was ready to hear and use what he disclosed last week. As
my email to Angelo attested, his information changed everything. I
have, and will continue to trade fearlessly, with certainty, and at the
pivots...compounding my capital with each trade. Can you imagine
"certainty" in the markets and what the magic of compounding results on
a daily basis means? The man who resides behind the Daddy WarBucks
curtain is not a little bald man with a complex. Behind this curtain is
Gandalf the Wizard...all powerful...and a force unto himself. He is
master of his arts and a sage of the game. When he enters the pool, the
Pirahna's quiver and scurry in fear because they know that he is there
to pluck out their teeth with impunity and pocket them without apology.
One can only wish to possess half of the talent and ability of this man
and I am humbled by, and forever thankful of, my experience with him.
He is a brilliant man, and a true Patriot who not only has incredible
ideas, but the ware withal to implement them...and implementing them he is.

You people who attack this man are dolts and idiots. You cram your
tongues into your cheeks, your thumbs in to your nether regions and
expound your ignorance couched in skepticism all the while sawing off
your noses to spite your face. You Bozo's have done yourselves an
incredibly bad disservice by taking the tack you have. It was easy
because there is no one to defend him and he refuses to defend himself.
But now, there is another boat in the water. And I'm tacking onto your
tongue in cheek, know-it-all breeze. Don't request predictions from
him. They would pay in spades and you have done nothing to earn them.
That he refuses to provide them and avoids getting into the name-calling
battles that became my forte here, is only an attestation to his
integrity and evidence of his lack of having a dog in your idiot's
race. Or perhaps he enjoys playing with you...like a cat playing with a
disease ridden mouse that he has no intention of eating. You are fools
who dangle by your snarky necks on your strings of folly whilst you act
to throttle any chance for yourselves to benefit from the opportunity of
a life-time...the opportunity to respectfully pick the brains of a
master trader. How masterful is he? I'll tell you this, if he and
Warren Buffet were given $500.00 and three years, Warren Buffet would be
still be standing in the blocks when Daddy would be firmly ensconced in
the ranks of the super wealthy...of this I am sure and would bet my life
on it.

So keep it up, attack him, call him names, ridicule his opinions, and
reap the benefits. Since I am not a practicing Christian, I won't be
forgiving you, and in fact will hope that his Christianity will wane as
well in the question of your forgiveness. As for me, on the day Angelo
dies, hopefully when I'm about 95, I will unabashedly offer my services
to his loving and grieving widow to act as a pallbearer at his funeral,
gladly, and proudly accepting any weight, pain, or struggle that that
would entail. But while he is alive...while he is alive?....I will be
incredibly proud to call him my friend while considering myself one of
the luckiest people in the world for having been exposed to his
existence. He has changed my life and the possibilities for generations
of my progeny and for that I can never repay him.

I thank God for your life Angelo and for bringing it in contact with
mine. I love you my friend...I truly do...and when the time comes, I
respectfully suggest that you consider cremation.