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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 15-Day Rising Wedge? 0 comments
    Dec 3, 2012 2:59 PM | about stocks: SPY, SDS, SH

    My portfolio has taken on a fairly bearish look over the last week, so I may suffering from confirmation bias here... but there is something closely resembling a rising (bearish) wedge over the last 15 (or so) trading days in the S&P futures (/ES):

    (click to enlarge)

    Stocks: SPY, SDS, SH
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