While this is a blatant ad for a company selling silver, it nonetheless makes a case for holding physical silver. Have to admit it is clever.
Thanks to YC for putting this on http://buy-high-sell-higher.com
We may have a new dimension here.
Saturday, December 4, 2010
Friday, December 3, 2010
Longer term Market View
While the gang a MSNBC and other talking heads are giddy about the upsurge in the markets I sitll remain unimpressed. Simply because the market is now within easy reach of 1234.93 on the S&P futures and that is the 61.8% retracement of the all time high to the bottom of the crash. Why is this number important? All I can say is I have seen more failures occur at that point than any other. In fact I use that as an exit point on smaller moves most of the time and well, .. it works.
Wednesday, December 1, 2010
Market Wednesday
I guess it was good news for Europe this morning that set the markets off here in the US overnight and this morning.
we hit my targets for Tuesday down at 1177 (see Tuesday's chart) and that put the price once again up against the Daily 50 SMA (blue line on the 1 Day chart)
That 1177 area produced a decent bounce at the end of the day Tuesday and on the 15 min chart below it was no looking back overnight. We have stayed pretty much in the trading range 1170-1206 since the
we hit my targets for Tuesday down at 1177 (see Tuesday's chart) and that put the price once again up against the Daily 50 SMA (blue line on the 1 Day chart)
That 1177 area produced a decent bounce at the end of the day Tuesday and on the 15 min chart below it was no looking back overnight. We have stayed pretty much in the trading range 1170-1206 since the
Tuesday, November 30, 2010
The Madness that is the Student Loan Program
A young 23 year old woman, Kelli Space attended Northwestern University using government guaranteed student loans. Now Kelli, who graduated with a degree in liberal arts, is faced with the insurmountable mountain of debt which, if paid on schedule will take over 20 years to retire.
Kelli has put up a website asking for people to donate to her in order to pay this debt. Sort of cyber panhandling if you
Kelli has put up a website asking for people to donate to her in order to pay this debt. Sort of cyber panhandling if you
S&P E-mini for Tuesday Nov 30 2010
Below are some charts and comments. Click on the chart to Enlarge.
Okay , I can see no reason we can’t get to 1177 on the ES (S&P futures) over this short period failure. My bias to the short side has not changed since I shorted on Friday Nov 5th in anticipation of Monday the
Okay , I can see no reason we can’t get to 1177 on the ES (S&P futures) over this short period failure. My bias to the short side has not changed since I shorted on Friday Nov 5th in anticipation of Monday the
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