Biz Direct MarketKnowing When To Make A Good Decision

Filed under: Newsletters, ETF Investing, Housing, Recession

This post is part of a 12-article feature that can be read here: Today’s best income ideas.

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Filed under: Scandals

One of the saddest stories to come out of the Bernie Madoff saga is that of Elie Wiesel. The Holocaust survivor, Nobel Laureate and activist saw nearly all of the assets of his foundation wiped out in the Ponzi scheme. Wiesel also lost a huge chunk of his personal wealth.

“This was a personal tragedy where we discovered all of a sudden what we had done in 40 years - my books, my lectures, everything - was gone,” he said at a panel discussion on Thursday. Read the rest of this entry »

Last week I stated that the long term trend of the market is still down, as long as there is no close above 1.2800.

Well, there was a one day close above 1.2800, but the market did not interpret that as a preclude to a change in trend, and the market turned down again.

Currently, Im inclined to interpret the price pattern that began on February 2nd to the present, as corrective action against the down trend, with an implied downward target that should exceed the low of February 18/09, of 1.2512, and proceed down to at least 1.2400 in the near future. This continuing down move should be confirmed by a close below 1.2650.

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	The good news and bad news about the budget
	Some unusual suspects among banks awaiting stress testing
	Between Saks and Maxx, 2009 seems promising
	Even employed people are looking for jobs

DailyFinance today: good news and bad news about the budget, even employed people are looking for jobs, 2009 looks promising for Saks and Maxx originally appeared on BloggingStocks on Thu, 26 Feb 2009 18:10:00 EST. Please see our terms for use of feeds.

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The most dangerous chart pattern in a bear market is the down sloping triangle. This pattern is seen in the America DOW Jones Index and it sets a downside target near 5600. The rapid fall below 7800 confirms this target.

This chart pattern develops when there is a well defined support level. Above the support level is a down sloping trend line. The support level is created by the people who want to buy shares. When price falls to this level buyers enter the market. The down sloping trend line is created by people who own the shares. They are worried about the future so they are ready to sell. When each new rally fails to move higher these shareholders lower the price they want for their shares. The result is shown as a down sloping trend line.

Over the last five months the rally rebounds developed a pattern of declining highs. The failure of the early 2009 January rally near 9000 established a second calculation point for a new trend line. The first calculation point for the trend line was set by the rally peak near 9600 in 2008 November.

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	Phillies pitcher loses everything in Stanford scandal
	Problems mount for Rupert Murdoch
	The 401(k) skimming scam
	Can OPEC stop the oil price slide?
	UBS makes a $31 billion order error
	Picks and pans: Apple faces technical resistance, Immucor is a recession-resistant buy

DailyFinance today: Phillies pitcher loses everything in Stanford scandal, Rupert Murdoch problems, 401(k) skimming, OPEC and the price slide originally appeared on BloggingStocks on Wed, 25 Feb 2009 18:20:00 EST. Please see our terms for use of feeds.

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Filed under: Management, Ford Motor (F), Employees

Ford Motor Co. (NYSE: F) CEO Alan Mulally indicated this week that he will bow to a 30% pay cut in 2009 while the troubled automaker’s salaried workers will forgo all bonuses. Not only that, but the UAW approved buyout concessions targeted for a March 9 strike date for other workers. Although Ford has not yet taken federal buyout funds like other Detroit automakers, the company still has massive financial hurdles to overcome. Read the rest of this entry »

Price of gold traded in the futures market has risen 43% in the last 3 months from US$700 per troy ounce in November to US$1,000. the last time I wrote the article on February 3, I have expected the price to pull back from US$899 to US$860 but the correction is sideways with the lowest at US$891 before continuing the up trend. I have mentioned also that the forecast os only valid when it if ti does not break the US$930 resistance level. However, the price broke the resistance and rallied to US$1,000.

Price made a pullback today, this time at price level near US$1,000. Price fell US$30 to close at US$963.20. The price rally upwards has formed an up trend channel defined by two parralel trend lines upwards. The bottom line forms the support level and the top line forms the resistance level.

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