All the major indices appear to be on the verge of tracing out a major continuation pattern: The Head & Shoulders. While often thought of as a reversal pattern at tops or bottoms, H&S is also a continuation pattern.
Nasdaq (1 year chart) Head & Shoulders Formation?
click for larger chart
Source: Fighting the Next War
Elections not always good for stocks
Crippling Innovation — And Intelligence
Spooked investors 1, Greenspan 0
A Time for Reckoning: Ten lessons to take away from Iraq
Quote of the Day:
“It’s not that I am so smart; It’s just that I stay with problems longer”
Listen to music on the radio much lately? If you answered “no,” you’re in good company. Americans are listening to broadcasts — especially of music — much less frequently then they used to. And with good reason, too: Stations which were once a way to discover new music have become bland sources of uniform playlists….Read More