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Created on: 4/20/2011 6:52:09 AM GMT   Last Update: Comment has not been edited. Posted by: RTT
WARNING: This entry is 1315 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST This SP500 chart is NOT pretty (257)


this-sp500-chart-is-not-prettyThis Elliot Wave count with a few Gann measures make $136 and interesting resistance level,View if you dare !

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Elliot Wave with Gann Spy


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Investing Quote...

.."Frequent requests are made for the name of someone who will teach the Art of Tape Reading. I do not know of anyone able to read the tape with profit who is willing to become an instructor. The reason is very simple. Profits from the tape far exceed anything that might be earned by charging tuition fees to his students. Its simple economics"…

Richard D Wyckoff


My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber





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