Emini Trading Update – Thursday 21 Mar 2013 (12:18)
Back into my trading and a nice little sell-off to get things going. I’m waiting for the next big trend move and looking for breaks of Support/Resistance on the higher time frames (1,500 and 4,500 tick) to show the way.
And don’t underestimate the significance of Cyprus. Those play-by-the-rules-or-else Germans and the incredibly stylish Madame Lagarde have miscalculated.
Do you think it was a coincidence that Madame Lagarde’s apartment was raided by French police? Do you think maybe a few Cypriot politicians have received phone calls from ex-KGB bully boys? Do you think deposit guarantees made by the ECB are now worth anything? The party is just getting started.
Video of the day …
Charles B. from TrimTabs rocks. He’s collecting the data, he’s running his spreadsheets, he’s drawing conclusions based on facts – not fantasy.
And drum roll please, “Higher taxes don’t work!”
Charles Biderman on Taxes (5:56)
Lower the tax rates and you’d stimulate the economy and collect more total tax revenue. Duh. God knows why this is sooooo hard for politicians to understand. But then, we just saw them implode the European banking system through their own actions. I suppose there are no limits to idiocy – they invented the Euro, after all.
Good luck with your Emini trading.