In his book Technical Analysis and Stock Market Profits, Richard Schabacker - also known as “The Father of Technical Analysis” - wrote parting comments to naturally conservative or risk averse investors that I wanted to share. Keep in mind, these words were written in the 1920s.
He states that most market students need words of […]

Agreed, it may be pointless to study the technical (chart) picture of the current indexes right before the Federal Reserve meets, because their decision will determine how the market breaks out of its current precarious position, which actually is at an interesting juncture.
How so?

There was a bullish rejection of lows about the 11,600 level – […]

Reuters today brought up an interesting question:  Could the new president who takes over in 2009 ‘fire’ Ben Bernanke due to missteps as chairman of the Federal Reserve when his term expires in 2010?
In today’s post entitled “Weak Growth, Miscues Put Bernake’s Job at Risk,” Mark Felsenthal and Tamawa Kadoya muse as to reasons that […]