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I think it's called 'hammer and anvil'

Looks like a PR piece from Goldman to diffuse negativity towards them. No way could the journalist have got all that detail without full formal cooperation of GS.

Agree, but the public comes in at the last 30-50% of a move that corrects 60%. They make more than pro traders on paper due to not cutting losses, doubling up etc , but then ride it all the way down.

Yeah, I kiinda got that impression from flicking through a Louise Bedford book on candlestick trading.

Public have been running wild for years on ASX. May finally be time to short but unfortunately there are no liquid long dated options as far as I can tell - even for the index. Risk:Reward dynamics of shorting via stock makes this unnatractive, made even more so by a public that refuses to...

Inflation is business being able to get away with putting up prices - something they are constantly looking to do/probing for.

Keeps him on the dinner speech circit for the new rich. In addition to baosting which closed to new money hedge fund they are with they can now boast that they were "with Alan" when he made a remark that caused a sell off. That is why he is doing it IMHO, accordingly I would be without sympathy...

Agree.

He is retired, it is not for him to comment on anymore, when is he going to get that?

Agree, this is one of the better books uot there. Concentrate more on where his cynicism appears than on the VSA he is vending.

Wycckoff is the only book I know of that describes in any detail (at all) the old style tape reading. Ticker Technique the art of Tape Reading O.D. Foster is not going to give you the down and dirty on reading the tape but it is a good book on general market craft. My tape reading is...

Agree, He should just shut his stupid senile face and start preparing his legal defence. He caused this and now he is tsk tsk ing everything . There should be a policy of Fed Chairman staying silent after their term ends. Also the fact that he charges $100,000 for a dinner speaking engagement...

This is the infuriating part, institutionalised lying by the data vendors and brokers. It used to be called dishonesty, now I assume it just comes under acceptable customer "service" procedures.

He should just shut his stupid senile face and start preparing his legal defence.

I think the question really needs to be asked as to why we even have a Fed. People just seem to accept that a cartel of banks should be in control, presumably because it is masquerading as a a "Federal;" institution. Put it another way, do you think Jacob Rotschild et al fronted by an...

Benny hill theme song to footage of the Keystone Cops running backwards and forwards.

As was ointed out elsewhere, the Fed's function seems to be to ensure banking profits.

This is also the Fisher who published a paper saying that debt was good and the US consumer was not using enough of it

Cororate profits have been coming from savings from structural relocation to China and India while maintaining the same price point. Now China has wage and ther inflation. As for the weak USD helping US exports, exports of what? A large part of China's exports and it's economy is US...

Intelligence is usually unimpaired. Aspergers and ADD are above average, although Math ability in Asperger is often impaaired so they have problems with those GMAT questions about trains leaving the station at different times and speeds and water running into baths etc.