I have been so busy building the AE website that I have had no time for anything. Updating Charts right now is impossible although it appears support and resistance are still in place at least long term. I still see us going down to support unless the Fed can fix the mess we are in [...]

Continue reading...

“If you can lay your head on your pillow each night knowing you gave hundred per cent to your day, success will find you.” — Russell L. Mason

Continue reading...

Not much to say here plus I need to review shorter time frames, just out of time for today.
Support looks like just under 8K, Break that and we go down hard to under 6k and possibly 4K were there is real  support.
Remember we are in a longer term down trend and in a Bear Market. [...]

Continue reading...

While Fridays close left some powerful reversal patterns on most charts we still must consider the following. 1. Possible H&S, Head at 5K, Left shoulder around 2K in 1998 and Right Shoulder in 2002. The Neckline looks just below 1500.
2. The last big sell off in a measured type move points to the 700 area [...]

Continue reading...

Revised Financial Terminology for 2008
CEO –Chief Embezzlement Officer.
CFO– Corporate Fraud Officer.
BULL MARKET — A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET — A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the [...]

Continue reading...

OK, just real quick for Today. Overhead resistance from the bottom up:
8400
8600
9120
9300
8470
8333
9635
Support on the Downside:
7480
7400
7200
Then all the way down in the 4000 to 4500 range.
So who is Henry Paulson, Treasury Secretary, Goldman Executive. Does he know the Market is Toast? Why did he push for the bailout? He can read a Chart, can’t he?

[...]

Continue reading...