On bailouts.
Of course, for all the talk about taxpayer bailouts, none of the Senators bothered to mention that - for the moment - no tax increases actually are on the table. Instead, the bailouts are being financed by savers, pensioners, wage earners, investors and the elderly on fixed incomes, who all suffer staggering increases in their costs of living, as the Fed uses inflation to rob Main Street to pay off Wall Street.
Wednesday, April 9, 2008
Peter Schiff
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2 comments:
I guess I missed the volume indicator yesterday-- I figured if the index was down on high volume,that would be a bearish signal.
I held onto my shorts overnight-- something I never do-- and it worked out. I closed them out at about 10am for even money.
But the fact remains I missed the meaning of the signal and just got lucky with the sell off this am. I guess I won't quit my day job!
That is good....this is some crazy trading... Most the time I set up a trade... I sort of set myself up for a 10 cent loss... then once it rolls into my favor. I set the stop to get me out without losing my commision... or 20 bucks of gain... something...
Sometimes it's just better if it rolls against you to wait and play again some other day....
always opertunities down the road.. as long as you still have money.
Volume... well I think it just means Volume... the part you missed is that on that much volume, to be realy bearish, we should have moved further..
Many people looking for that move, and alot of bulls willing to defend....
... and now we move sideways.
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