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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
  • AAPL Falling Wedge Still In Play? 0 comments
    Apr 17, 2013 11:12 AM | about stocks: AAPL

    Apple has broken under significant price support in the $430 area. A case can be made that this warns of a much bigger drop to follow. There is also a case to be made that a "falling wedge" is still in place for AAPL. A falling wedge is usually a bullish price setup, if the stock can break to the upside of resistance. AAPL is closing in fast on the bottom support level for the wedge.

    (click to enlarge)

    Disclosure: I am long AAPL.

    Stocks: AAPL
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