Ben Bernanke, IRONy MANFrom Speech before the National Economists Club, November 21, 2002http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm First, the Fed should try to preserve a buffer zone for the inflation rate, that is, during normal times it should not try to push inflation down all the way to zero. Second, the [...]
I heard "shooting star" today and started getting excited. I've been bearish since Monday, and hurting ever since! Now, a nice, bearish pattern like this one could mean some relief. But, I'm seeing bearishness across the board wherever I look on the trading sites. Such strong sentiment among the pros [...]
As a market technician, sometimes I gotta just turn the TV off and look at the charts. I know something is going to happen around 10 am tomorrow, so I might be watching the price action around that time if I’m available. But I won’t be looking for immediate price [...]
I posted several charts last night, then spent over an hour writing an excellent post about each chart and some other thoughts on the market. Then some fat-finger came out of nowhere and an extra BACKSPACE push made my browser think I wanted to go back a page. It blew [...]
So, the gold etf, GLD, has a candle floating completely outside my 30-period Bollinger Bands, RSI looks on track to negative divergence, volume isn't confirming the new highs, and... what else? Hmmm, what was that other thing? Oh yeah, it's gone parabolic! Now, the first word that comes to mind [...]
After months of laying low in this blogosphere, I've decided to emerge in these trying times to share my latest creation..er recreation of some of the great stuff I've been reading. Honestly, I was getting annoyed at the image sharing features of this blog, and just didn't feel like fooling [...]
So, listening to The History of Rome podcast, the speaker has mentioned several interesting parallels to current events. Such as when one of the early Emperors needed money, so he instituted something called “prescription”, where wealthy Romans were forced to Will all of their property and wealth to the government, [...]
All I know is that I shorted silver on Monday, ZSL. I heard all kinds talk about silver and commodities freaking everyone out from CNBC to the blogosphere and twitter. Now, first of all, let me be perfectly clear in that the proceeds from ZSL countered the total error of [...]
Powder? What powder? We're dealing with MONEY here! After taking some hits on my forced-overnight trades last week, I've been unable to find any decent long setups for swing trades. While the whole market has been slowly rolling over from almost reaching the highs from February, I have taken [...]
It's been hard to find good long setups since Friday, and a lot of the past couple days' activity felt like a mass headfake. I went into 100% cash this morning and sat out the rest of the day. This past evening, I perused through about 200 of my closest charts, [...]
Ok, guys. Here’s my first post on SharePlanner, so I’m going to keep it simple. In the wake of the Japan nuclear scare, I bought into URRE and UEC after they gapped-down. I was counting on this being a knee-jerk overreaction to nuclear power fears, and actually hoped I didn’t [...]
