It's probably safe to say that we're going to continue witnessing the unwinding of a multitude of excesses for years to come . We all have access the thousands of blogs, market gurus, stock charts and newspaper articles, but it's very difficult to cut to the chase and really understand what's going on here.

Long story short. The largest generation in history is soon to 'retire' (I use that in quotes for a reason, more on it shortly) and is just realizing that more often than not,...

So the market has quickly rallied some 30% from it's low of 666 & change, and the mood is brighter than it was six months ago, but are things really any better? The 30% rally only means something if you actually bought somewhere below 700 and are either still holding on or cut out with a 20% or so gain. Even if you did manage to pull it off, your portfolio is still probably down some 40% from last year, right?

Things are actually probably worse in many ways compared to 6 months ago...

Sunday, May 17, 2009

Good morning everyone.

I hope you enjoy my first blog, feel free to chime in. My trading strategy is simple.

1. Know the trend direction. The trend is always right, until proven wrong.
2. Stay humble. It doesn’t matter if you’re wrong, it matters how long you are wrong.
3. To determine trend direction & strength I use Fibonacci levels, Simple Moving averages, On Balance Volume, & Slow Stochastics.

...

Last night the futures were down, so I cracked open a 15 minute chart and looked to see where the downside action could go. In yellow, I drew in what I thought to be two deformed Head & Shoulders whose angles of descent were exactly the same.

My theory was that the bigger H&S would follow the same path as its little brother and sure enough, (1 second gloat ) the pattern met my expectations.


For tomorrow's action I'm keeping in mind the last time the...

One of the most important ideas in the United States government is the separation of powers, and the role that each branch of government performs. Briefly described, Congress makes the laws, the President enforces laws, and the Courts ensure laws are administered justly.

When it comes to the Federal Reserve, however, it exists by creation of Congress and is charged with a mandate of maximum sustainable growth and maximum employment. The appointment process is a political one: with...