MACD Cycles

Definition: When the weekly MACD crosses above 0, that is considered a switch from a bearish market to a bullish market. a cross below means the inverse. When the daily MACD moves in the direction of the weekly MACD, that is defined as a trend move. when the daily MACD moves opposed to the weekly, that is a counter trend move.

Stocks still face deflationary collapse: Prechter

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“It’s not the start of a new bull market,” said Prechter, chief executive at research company Elliott Wave International in Gainesville, Georgia. “Our models are (showing) right now that it is a much bigger bear market than most people realize, something along the lines of 1929-1932,” he told Reuters in a wide ranging interview. “It’s a very rare event,” he added.
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Full Article HERE

Psychologists Are Better Stockmarket Speculators Than Economists

Study of Bank of England and the universities of Heidelberg and Bonn. Together with the corporate consultants McKinsey found that Psychologists Are Better Stockmarket Speculators Than Economists

I am not supprised by these results .

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On average the psychologists earned three times as much as economists and physicists in the stock exchange game.

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Who needs pension funds anymore when they lose big?

Interesting article from TIMES ONLINE about pension fund managers.

Almost 90 per cent of people saving for retirement believe they can outperform a professional pension fund manager, a survey revealed today.

Full article here

ALPHA Magazine TOP 100 hedge funds ranking is out

Top 10 hedge funds ranking by ALPHA Magazine below

Full article HERE

Positive Attitude

Positive Attitude is highly important to a trader.

TODD HARRISON’s The 10 trading commandments

1.) Respect the price action but never defer to it.

2.) Discipline trumps conviction.

3.) Opportunities are made up easier than losses.

4.) Emotion is the enemy when trading.

5.) Zig when others zag.

6.) Adapt your style to the market.

7.) Maximize your reward relative to your risk.

8.) Perception is reality in the marketplace.

9.) When unsure, trade “in between.”

10.) Don’t let your bad trades turn into investments.

Full article here

Rally to the max

Rally continues with 2nd attempt to break above 860-875 resistance zone.

Overall market is getting too bullish as >80% of the  stocks are trading above MA20 & MA50 which may bring contrarians out

Anyway TREND is UP and we do NOT want to go against the flow

Watch out this weekend

A ‘Copper Standard’ for the world’s currency system?

Forget gold let’ s try with copper - Telegraph

Yale Economists Discuss the National Financial Crisis