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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... More
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Playing the Ponzi
  • SPY Support At Hand? 0 comments
    May 17, 2012 10:17 PM | about stocks: SPY, AAPL, SSO, SDS, SH

    The last two weeks have seen the market's sell-off accelerate to the downside. Support - at least short term - may be at hand. The S&P is hitting the falling trendline that runs through the major tops of 2008 and 2011. 1300 also has some history of support/resistance as a price level.

    AAPL, a major market leader over the last few years is also returning to a major trendline that it broke above in the last six months. One would expect the trendline to provide support after nearly twenty years as major resistance.

    Stocks: SPY, AAPL, SSO, SDS, SH
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  • Momo's keep breaking down. Shorted LKND this morning. Add it to CMG and AAPL as momo market leaders continue showing weakness.
    Apr 23, 2012
  • Shorting CMG here at $423. Now short both CMG and AAPL - playing with "momo" fire.
    Apr 20, 2012
  • Funny/bizarre that with S&P up .4%, TZA (3x small cap bear) is green and TNA (3x small cap bull) is red.
    Dec 23, 2011
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