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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
  • Hello, Mr. Bear 0 comments
    May 22, 2013 3:11 PM | about stocks: SPY, AMZN

    Wow, an awfully bearish day for the charts today. The huge wick put in place in SPY today looks AWFULLY toppish. We'll see what kind of follow-through we get in the succeeding days.

    (click to enlarge)

    Also, AMZN, which has traded in a falling range during 2013 has predictably reversed course at the top of its range.

    (click to enlarge)

    Good for the bears who finally have a winning day. If only a day.

    Disclosure: I am short AMZN.

    Stocks: SPY, AMZN
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