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Yet the market continues to move higher. and as Jesse Livemore said so succinctly:
"They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side"
In this case though Price is the ultimate arbiter and price tells us the market is going higher.
Here's a three year weekly chart of S&P 500. The Andrews Fork (blue), Channel (black) and trend from the June 4 bottom (green) all point one direction – up. That it broke into the upper half of the Andrews Fork off the June lows was the final decision point for me.
Even the Euro appears to be breaking out of its consolidation pattern:
When price tells me it's time to sell – I'll listen
What prompts me to write this is today I clicked on a link in Digg and it launched a malware attack on my computer. Luckily when the pop up happened I knew what to do – which was NOT click on anything in the webpage. I just opened my task manager and stopped Internet Explorer before any damage could be done.
I'm fortunate it was a lower grade attack and that solved the problem. I've dealt with this shit before so hopefully this may be helpful to some of you
For the past 75 days, we have been investigating the business of trading Twitter followers on eBay and other websites searched from Google. As it turns out, this underground economy on Twitter is blooming! The results show that this Twitter business is growing very fast to form a series of underground markets.
Hello everyone I'm KC Scott and I'd like to start by thanking Tim for allowing me to share my thoughts with you fine folks. I've followed Slope for quite a few years and am always impressed by the quality of the content and your responses. This is a very smart blog and I'm proud to contribute. (Editor's Note – I was also delighted to see Scott escaped the clutches of IBC to the gentle world of Slope; we welcome him heartily – Tim)
For my first post, I thought we would talk trash – and how it relates to US Economy
I just listened to an interview with Economist Michael McDonough from Bloomberg Briefs over at marketplace.org. McDonough offered a theory regarding the correlation of the amount of Trash hauled via rail to the Health of the Economy. He also offered the accompanying chart which tracks how well his indicator has performed since 1994.