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Contrarian market commentary and economic postings.
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2009
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May
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- DOW DIVIDED BY COMMODITY INDEX
- ALMIGHTY US $$DOLLAR??
- INTERESTING ARTICLE ON FOLLOWING THE HERD
- WHAT RECOVERY?
- FRI AM MARKET OUTLOOK "ZOMBIE NATION"
- PAIN IN THE MEMBRANE or SHOW ME THE BEEF
- Thusday Market Wrap
- YOU SAY POTATO....I SAY PATATOE!
- AM POST AND BS DATA
- VERY TROUBLING CHART! YIELDS BREAK OUT
- FDIC RUNNING DRY < Henry Blodget says "worst is ov...
- Rise of the Zombies
- PRICES PULLBACK
- "INFLATION IS THEFT"
- "TRANSFER OF WEALTH FROM TAXPAYERS TO BANKS"
- IS US $$ HEADED FOR TEST OF 80.00? She looks broken
- YIELDS HAVE BROKEN OUT DESPITE FED ACTION
- AMERICAN BANKER
- SWENLIN ON WEDGE
- AM DATA
- US DOLAR INDEX CRACKING and ALT A LOANS
- BREAKOUT IN THE 10 YEAR NOTES
- WHAT'S WRONG WITH AMERICA?
- WEDGIE IN PLAY, WOOL OVER WHO'S EYES? NEWS UNFIT T...
- NOT A JOKE
- CLAIMS AM DATA
- TOTAL CREDIT MARKET DEBT as % OF GDP back to 1920's
- HEADED DOWN THE SLIPPERY SLOPE AND GOV ROPE-A-DOPE
- STRESS TESTS
- BEARISH RISNG WEDGIE?
- ROUBINI ON "BEAR MARKET RALLY"
- ROUBINI IN MARCH ON ECONOMY AND BANKING CRISIS
- CURRENT BDI CHART
- CLOSEUP OF CURRENT RALLY
- BERNANKE SQUEAKS
- BULL OR BEAR MARKET. NO NEED TO GUESS
- OUT OF WOODS YET?
- SOME CHARTS
- THE VANISHING NEWSPAPER
- IS THE WORST OVER?
- APPLYING THE GOLDEN RATIO TO CURRENT RALLY
- COMPARE MARCH 2009 RALLY WITH 911 RALLY
- BEAR MARKET RALLIES
- ZERO HEDGE
- CHINA WITH FIB
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May
(45)
About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
4 comments:
What dies this chart show ? Is this a golden ratio chart too ?
Yes, from the rise to its high. The trned line drawn shows price is now supported there and could be start of new trend or part of an ABC (2 up one down) correction.
China has been goosing their economy and like ours in 2000-2003 it is possible they may have reflated their economy....bears some watching, was up strong last night. ANd begs the question Can CHina pull the world economy up?
D
But what does the fib, golden ratio mean? I do not understand. Does it mean buy ? Or sell ? Is it resistance ? What does the fib mean ? The golden ratio ? Help me
http://www.swing-trade-stocks.com/fibonacci-retracements.html I hope this helps. I do NOT use them to trade, however, it is amazing how prices can go ONE way, and when reverse up or down (and trying to figure where resistance or support MIGHT come in) price rise or decline halts at one of the fib levels as described here.
I prefer trend lines.....and then waiting for price trned to mature and show me SPECIFIC LOW RISK entry and exit points....and I no longer ever trade without a STOP LOSS in place.
Some of these skills take tremendous amount of effort to master, and sometimes could incur losses while learning.
To simplify, because of the viscous nature of the 2 recent bear mkts, I have been in PRESERVE mode, I was out in 2000...was out in 2007 and on my blog you can research when I began to speculate a bear mkt was here....
LTBH mentality doesnt work right now IMHO, prices are lower than 10 years ago? CASH outperformed stocks!
Some like to look at profit and loss and income statements and figure fair value...find great companies as huge discounts,,,whatever works for you.
I didnt mean to infer FIBS were holy grail...but if you do some searching you will be shocked where these ratios turn up..in nature.
D
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