I think it was “Professor Harold Hill” in Meredith Willson’s “The Music Man” who said “You Gotta Know the Territory.” That was never more true than in trading the markets; and in that respect it has never been more true that in order to trade in the markets successfully you need to know the 15 [...]

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We all know what a physical candlestick looks like. It sits there grandly on the dining room table, elegantly ready to add style and grace to even the simplest dinner. A chart, on the other hand, is a record of an activity or of a natural event or series of events. It is often used [...]

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In a volatile market, short-term stock trends can be used to control risk and enhance returns.  The amplitude of short-term price swings is often greater than a stock’s appreciation for a full year.  Since a person cannot know in advance whether a short-term “dip” will not become a “plunge,” it is necessary to pay careful [...]

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The problems for the economy began with the bursting of the real estate bubble in 2006, and spread into sub-prime mortgages, then into the entire financial sector, and finally into the overall economy.
At each step of the way economists of Wall Street and the Federal Reserve were in denial. They assured investors in the beginning [...]

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Wall Street has been able to look beyond the earnings flu and the swine flu to presumably healthier conditions in the second half. Little by little, the bears are capitulating. We wonder, however, whether a systemic debt problem caused by a global credit bubble can be adequately addressed by increasing debt? We will not know [...]

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