Crab and Butterfly Patterns Explained: March 18, 2012

The Crab and Butterfly Patterns, like their cousins the Gartley [see: The Gartley Explained] and Bat, offers early warnings of potentially significant reversals in price trends.  Like the rest, they are thought to be successful about 70% of the time.  Combined with sound trade management technique, they can provide significant returns with limited risk. CRAB … continue reading →

The Ides of March Redux

Two thousand and fifty-six years ago, on March 15, 44 B.C., Julius Caesar — the most powerful man in the world — was stabbed to death, in fulfillment of a soothsayer’s prophesy: “beware the ides of March.”  One notable ringleader, one Marcus Junius Brutus the Younger (of “et tu Brute?” fame) was a former enemy … continue reading →

Are You a Muppet?

For those of you who missed it, Greg Smith of Goldman Sachs resigned in a very public way today. Among his musings in the NY Times Op-Ed: The interests of the client continue to be sidelined in the way the firm operates and thinks about making money”… “it’s purely about how we can make the … continue reading →