Found this map like chart which indicates the debt to GDP but country. Thanks to visualeconomics.com I tried to use their HTML code to link and place the chart here but, in the end just had to make do with this screen capture. Their address is http://www.visualeconomics.com/gdp-vs-national-debt-by-country/
Click chart to expand
Tuesday, August 17, 2010
John Maynard Keynes, the man from whom the term Keynesian or Keynesian Economics is derived, is Best known for his workAny trader, investor, student of the economy needs to read this in its entirety. If you are a freedom loving American who is thinking "how did all this happen" then it is most important for you to read and understand what is going on and has been going on in this country for over one hundred years.
Read the online version here or click the link below to view the book.
Click on chart to enlarge
a look at the E-mini 4 hour chart. The ES hit that target down at 1071 and actually drifted through it down to the 1066 area before taking a jerky bounce today. All those lines are a Fibonacci grid based on a wave back in 2002. These grids are simply a grid within a grid, within a grid and on and on until we get to today.
Interestingly, using a similar wave action from 1932 will place these fib lines almost in precisely the same place when projected to today. So, don't tell me there is nothing to cycles, repetition, "golden numbers" etc I just have observed it in fractals and almost everything I look at. No need for me to do great research to prove it many others have and still work at it. After all if it works for me, I could care less what the rest of the world does.
One of my "study buddies" has written and automatic study to produce this grid for TOS, Ninja trader and Tradestation. I think it's for sale and maybe later I will put up a link to his website. I have been using this technique for quite some time now, putting grids within fib grids and anyone can do it manually but it does take a lot of effort and time. Plus, doing it daily get's to be a bit of a pain.
Anyway, the ES may slap up against the 50 and the 150 on this 4 hour chart or just get slammed back down by the end of this short week. Always do your own due diligence and trade smart.
The DOW is taking a bounce off the 50 SMA Daily. Chart shows the long legged Doji setting off the last two bounces. S&P plus the E-minis for both the Dow and S&P look very similar.
Sunday, August 15, 2010
Two of the targets I mentioned last Wednesday on the ES have been met. The 1082 and 1071 were hit easily. I have to readjust after each wave completes and the last one at 1071 actually was 1069.25 and we went .75 below that. Right now the futures are in a bounce and I expect that bounce to take us to the vicinity of 1077 before starting down to the next lower target. should this occur I will look for a close around 1066 on the bottom bar of that wave. If I have time I will put up a chart later.