Originally published on TheTechTrader.com.
Slope of Hope Blog Posts
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A Sloper mentioned this movie – shown in eight parts – today. It is really outstanding (although kind of peters out toward the end………) Best thing I've watched since "The Trader" – – great stuff!
Silver is not looking good here long-term, sure we can get a few bounces upwards but an event occurred two days ago that put the nail in this precious metal coffin for at least a few months and possible a 15% decline- that event is the "Murder Cross". The murder cross is similar to the "Death Cross" of the 50 ma crossing below the 200 ma but the "Murder Cross" is the 70 ema crossing the 200 ema. This cross eliminates many of the false signals that the "Death Cross" can give. Here is a link to a post explaining it more.
Well, for all the members of the public who wanted "in" on the hot Zynga IPO, they managed to gobble it up at today's opening. The lucky folks who managed to get in at the open are down 20% so far on this "investment". But I think it's got a lot farther to fall in the coming months.
Why the retail crowd always wants to jump in to stuff like LNKD, P, Z, GRPN is beyond me. I think they've got 1999 on the brain.