Monday, December 22, 2008

A super deal on the U.S. dollar

I thought the following was a good article worth sharing on the US Dollar by Jack Crooks. Several good charts too.

The average daily ranges are still out of their normal bounds. I will try to update the charts on those soon.


Monday, December 1, 2008

Market condition, good info

I thought I would post some links to what I found to be good articles on the current market conditions and what is going on behind the scenes that might not be hitting the economic calendars. Hopefully the links will be good for awhile.

Check out:

As much as investors would like to see things turn around, the data and conditions still support the bear market. This will likely be a week of high volatility due to end of month and ISM and non-farm payroll data hitting.

Typically we see a 'Santa Claus' rally in the markets close to the holiday. We'll see if this year repeats or not.

I trade Forex not equities. Current recommended strategy is trend following. With the Paradise auto-trading program you can follow the trend direction but still use the counter-trend method of multiplying lot sizes on reversals. See for more info.