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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • S&P Testing Recent Downtrend 0 comments
    Oct 17, 2012 11:30 AM | about stocks: SPY, SDS, SSO

    The quick two day rally has the S&P about to test the resistance lines of the last month. The daily stochastic has turned up from oversold levels, while the weekly stochastic remains near overbought levels while moving lower. UPDATED: The S&P is now hitting a couple of short term resistance lines (recent tops + bottom of uptrend from summer). At the same, stochastics have rallied back to the downward trendline in sentiment.

    (click to enlarge)

    Stocks: SPY, SDS, SSO
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