Archive for June, 2008

Groundhog Day

Monday, June 23rd, 2008

Yes Groundhog Day. The Dow Jones is once again tap dancing on Ben Bernanke’s forehead while singing, “Hit me with your best shot”. It was around these price levels a few months ago in March, when Ben Bernanke went long the market. The Fed decided to “play the market” by allowing investment banks entry into […]

The Head and Shoulders Top on the Dow Jones

Sunday, June 8th, 2008

Well here we are….. Two trading days ( June 10) and 275 points away from the Dow Jones confirming a Head and Shoulders Top formation that I imaged with a primitive drawing 7 months ago. I drew the classical predictive path, on the Nov 19th, 2007 www.trainingfortraders.com Blog.  At the time, of that drawing, I […]