Deal

Hello BBTL Blog followers,

It is a holiday long weekend here in Canada, and I am going to make this very short and to the point. As mentioned previously I am in the process of making changes to this blog but this post will follow the old format.

As most of you probably already know, Washington politicians reached a deal today to extend the debt ceiling and avoid default.

The prolonged display of childish partisan politics in Washington which lasted for weeks, in such a serious matter has clearly damaged the USA fiscal and monetary reputation, yet frankly it is too early to quantify how much damage was done and exactly when the fallout will come to roost.

Normally, I never post material on the free blog that is sent out to our regular paid KRTT clients but this one time will make a partial exception.

The following is part of the exact wording  and one of the two charts that I sent out early last Friday morning (July 29, 2011) to KRTT subscribers.

Short Morning Update

With so much anxiety in the world over the present USA situation, I wanted to give a brief word of encouragement in a short update this morning; “ and in essence a little hand holding “ to all.

Weeks ago here in STP and even on our free blog, I strongly suggested that despite the bad USA situation, I remained bullish.

In fact at that time, I identified a new Elliott Wave One and Two, in what I saw as a continuing UP trend, and immediately labelled it as our primary KRTT count.

As hinted in last night’s STP, I was also using some statistical analysis, powerful cycles, and other analytical jewels to stay relatively calm and logical in the USA debt storm.

However, it would be foolish if I did not suggest the urgency in having a Plan B  - in volatile times like these.

Although looking back it has been a tough two weeks watching politicians in Washington fight like silly kids in such a serious situation, even after this morning’s sell-off the CHARTS STILL remain BROADCASTING a positive outcome.

Good luck to all with their trading and investing.

James Kelly Sr.,
Editor in Chief, BBTL Blog
www.KRTT.com
www.Facebook.com/KRTTcom
www.twitter.com/KRTTcom

Biblical Proverbs and Market Maxims

Hello again BBTL Blog readership,

Changes Coming In The BBTL Blog

No, I have not forgotten this blog as some of you may have thought, but in the end, I was simply forced to rethink our blog strategy and posting style, which clearly was not working as I had hoped.

The maxim that comes to mind is; "always change a losing game."

If your strategy is not working, you cannot expect different results unless you make needed changes.

Some of you may also apply this market maxim to your investing or trading performance, especially if you are not getting the results you had expected.

In a nutshell, expect some BBTL blog format changes - soon.

When that happens (soon) the posts will resume in a more appropriate schedule.

For the record, after the last blog post, only one past BBTL reader cross-posted a blog link as I had repeatedly asked (named as rotrot) to try and increase the hit rate.

Also, no one has put in the effort to sign up for the follower account in months.

So again - expect some blog changes soon. Here is the appropriate proverb.

"As a Man soweth, so also shall he reap."

This simple biblical proverb describes exactly how society works today,  why the USA, Greece and other countries have a real debt crisis, and even one's own achievement in life. The proverb also describes how this blog works.

Essentially, assuming you input the correct and appropriate effort for a task at hand, the results and reward should be proportional.

So in essence, the lack of recent postings were somewhat in re-action to what I saw as the lack of willingness or response from our BBTL readers to actively participate. There is no fault or blame placed, simply an observation that something was not working.

Although I have already started in this direction, I thus need a little more time to implement a new plan or blog approach with a new format, which is now being put into action.

It will be different, and yet I think over time, our past readership will still enjoy it. If I am correct it will attract more reader participation and a higher hit rate.

BTW - Rotrot (poster) as a small thank you or token of our appreciation for your willingness and effort to cross post this blog - please send in your real name and email address to krttcares@krtt.com

KRTT will in turn send you a link to one of our premium educational videos about cycles and the proprietary work we do, as a thank you.

If anyone else has cross posted a LINK on BBTL blog's behalf, after our last blog request, and somehow we accidentally missed it, then please send in your email as above and with some form of proof of your posting, and likewise KRTT will send you an educational video link.

This edition of BBTL post has two technical charts, one pertaining to the SP500 Index, and the other chart a Dow Jones 30 Industrial Index cycle perspective. Finally, a future esoteric astro-sky exhibit is posted as below to watch for Gann astro fans.

BTW - KRTT purchased RIMM NASDAQ (Research In Motion) for trading purposes today based on our cycle work. (hint) The next ST cycle in RIMM is about the end of the month of July.

Chart the trend, spot the trend, and go with it.

Send in your questions or post your comments as usual, although frankly there has been a dismal lack of participation in the past.

James Kelly Sr.,
Editor in Chief, BBTL Blog
www.KRTT.com
www.Facebook.com/KRTTcom
www.twitter.com/KRTTcom