Plunge Protection Team

During the 2008 financial crisis, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson approached President George W. Bush and said: If we don't do something, this country will experience an economic downturn worse than the Great Depression of the 1930s. President Bush explained that part of his job was to surround himself with [...]

By | 2016-11-26T07:10:55+00:00 October 25th, 2011|Tags: , , , , , , |

Most Technical Indicators are Useless

I constantly get asked questions about which technical indicators I use when looking at charts. Only two things matter: PRICE and VOLUME. That is it! You don't need anything else! Why? Because if price and volume "create" all the technical indicators, why not just look at the original source? The following indicators are useless to [...]

By | 2016-11-26T07:10:55+00:00 October 18th, 2011|

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