moderate rally tomorrow on light volume
(buy the rumor)
test of lows October lows on Wed
(sell the news)
or... even better
the GOP has put so many challenges in front of Dem voter registration drives etc etc
that the outcome is not known by midnight tomorrow
then....
aoooohga...
oh
forgot to mention
PAL is currently sitting at a buck and a half
which reminds me of alot of other dead wood Ive seen over the years -- so I remember fondly the avid discussions about how it was the next big thing
heheheh
LOL
I was reading these boards a lot this time last year
and there were alot of discussions around PAL
I think it was around 3 bucks at the time
in the midst of the commodities boom
I saw it as high as 8
is that guy still pumping PAL?
just curious
I may be calling an upside-down hammer a 'shooting star'
there was one on the chart today
I shorted it
I am waiting for the hammer to form completely before making a trade (ie no earlier than the next bar) --- so the longer the shadow the better
thats why the best thing to do is tax it at 80% until the govt funds are returned in full with interest
for anyone earning over 5 mil a year it should be 95%
What is the best way to determine the high and low values on which to base fibonacci retraces
on a downtrend -- Low to Low, Open to Close, High to High
or does it even matter?
how about this rule:
any organization taking the bailout --- all income will be taxed at 80% levels until the government funds are repaid in full with interest
tie the interest rate to the 10 year note