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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
  • XLF Testing Trendline Support From 2009 Bottom 0 comments
    Nov 15, 2012 3:29 PM | about stocks: XLF

    The Financial sector has been out of the news for a while and broke above a downward trendline from the 2007 top earlier this year... but XLF is now testing support at its thrice-tested rising trend line from the 2009 bottom and 50 day moving average (after being rejected at the 200 day).

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: XLF
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