(click the image to enlarge)
1. The bull wedge failed, but
2. The fibs confirmed (within .11 [1.48 vs. 1.37]), and
3. The hanging man over the window can only mean:
4. Friday is Bear Day.
Please read the disclaimer at the bottom of the page before placing any trades on SPY or anything else.
The leaders of these countries: Russia, China, Kazakhstan, Tajikistan, Kyrghyzstan and Uzbekistan will be meeting for two days (June 15-16) in Yakaterinburg, Russia (see map) to create strategies of interdependence that expressly avoid usage of the U.S. Dollar. The reason? Their respective concentrated financial exposure to a recently ridiculously weak U.S. currency exceeds existing risk tolerance.
There is special word to describe a powerful entity that oppresses and controls [...]
by Ren Richardson
Curtis Faith, one of the original members of Richard Dennis’ famous Turtle traders, noted a quote from the prominent architect Mies van der Rohe when talking about the profitability of trading systems: “God is in the details.”
When it comes to designing sound trading systems, God is in the details but his presence there [...]
Seems that two hundred years ago this nation had the same problems it has now and here is one of the ways they fixed the problems:
Legislation: The Homestead Act.
Signed by: Abraham Lincoln
Leader: George Henry Evans
Ideals: The Working Men’s Declaration of Independence.
Publication: The Radical (fancy huh?)
Grass Roots Group: Working Man’s Advocate (WMA)
Title: The Free-Soil Movement
Motto: “Vote yourself [...]
Become….
1. BROKERS
Charge ample commissions.
Charge for margin usage.
Get kickbacks from the exchanges (aka order flow)
Get % interest on cash deposits.
2. FUND MANAGERS
Charge management fees (like 12-b-1 fees) while consistently underperforming or just lie to investors (Madoff et al).
3. MARKET MAKERS/SPECIALISTS
Keep the spread (diff. between bid and ask).
4. EXCHANGES
Charge participation and transaction fees on everything concievable.
5. CONSUMERS: EXCEPTION TO THE LIST, [...]
