Lessons Learned

I know, strange title.  I was going to go with “A Little Self-Doubt Can Knock the Snot Out of Your Portfolio,” but that seemed a bit excessive. Just came across this chart from June 23 [Deja Vu, All Over Again].  I had recently discovered fan lines, and was pretty excited about the prospects. Combining fan … continue reading →

intra-day: August 5, 2011

LATER Okay, so post-S&P; downgrade…  ignore everything I wrote today.  It doesn’t matter anymore.  I think. Was this priced into the market?  Question du jour, possibly l’année.  My gut says it was.  I think most institutions that are required to divest themselves of anything less than AAA will do so over time, if at all.  … continue reading →

Intra-day: August 3, 2011

ADDENDUM:  10:35 PM EDT: Thanks to ewtnewbie for this question on Daneric’s excellent EW blog: Pebble, love your stuff.  I’m glad you cleaned up your Fib chart–it was getting hard to read.  I haven’t redrawn mine yet, but are you thinking today as ‘a’ up, with ‘b’ and ‘c’ to come to get to 1270ish–or … continue reading →