Monthly Archives: February 2010

Unemployment is the Key

Back in 1980-1984 when I was in High School, I had a professor named Dr. Ben Sauers. He had his PhD in economics. Hence the

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Short and To The Point

I haven’t changed my opinion on anything in a few days, therefore, I haven’t seen the need to write.I am looking at the chart of

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9- month high in the Dollar ::::Re Print of My Feb 2nd post looks pretty good

Re-print of my Feb 2nd post.. At this point, a trade up to 82 in the DXY looks like a good call. So I am

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Surprise hike in the discount rate will be a test for the bulls

The Discount Rate is the interest rate the Fed offers to member banks and thrifts who need to borrow money to avoid having their reserves

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Chinese new year, Ash Wed, Short Week equals short covering

China is on vacation for a week. The rest of the world, if they are Catholic predominantly will be pre-occupied for Ash Wednesday. All in

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Are Richard Russell and Harry Dent correct? Dow 2500? OMG

One more piece of bearishness which may help fuel this continued creeping rally higher.Markets climb a wall of worry. All I can say is that

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Importance of Dow 10,000

Dow 10,000 is important psychologically. AS are the round numbers, every 500 points in the Dow. Watch those as trading targets.I have been

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Support Levels in DJH and SPH to look at buying

Look for support at 9067 and then 8566 in the DJH, if we melt down the next few weeks.In the SPH, Support is at

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Will the tide turn?

I think if we settle this Dow lower on the week, it signals a potential for a test of the 8600 level.I like the Fibonacci

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More bearish ness, and the Dow Hold’s 10000

We made it through unemployment Friday. By the way, its always the first Friday of every new month. So we have 11 more of these

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