Archive for January, 2009
Things are pretty quiet
The DOW looks to be consolidating here for the past few days. 8180 seems to be a strong support for the DOW and we are in that range now. The COMPQ and SPX are within a few points of their recent support/resistance. The consolidation amongst the averages leads me to believe we will explode to [...]
Can’t Trust It!
Today, I’ve learned of another possible fund manager accused of defrauding investors. The current financial crisis seems to be the light necessary to exposed these people. The unfortunate part of all of this is investors are losing their savings and/or retirements. This is bad, however, I believe something far more damaging is happening; investors losing [...]
The Last Bear Market
Last week, I looked at the charts during our last bear market of 2000 to 2002 and compared it to our current times. The DOW reached a high 11750 in early 2000 and the low occurred at 7179 in October 2002. Click to Enlarge In October 2007 the DOW reached a high of 14198 and [...]
Trading the ranges in Apple
AAPL has been trading in a range from 79 to 93 or so for the past month or so. I have a position at 85 and look to get out at 93 or so. The news that Steve Jobs is taking a leave of absence created an opportunity to buy today. Unfortunately, I didn’t add [...]
Several years ago
I remember a co-worker told me that the Federal Reserve Bank was not a government entity. I really didn’t believe him, but when I checked it out, he was right. He told me that a meeting took place by a group of wealthy bankers with the intent on creating a finance system. This occurred in [...]
