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Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Tuesday, August 2, 2011

SPX, UKX(FTSE), FXE (EURO), UUP (DOLLAR), USO(CRUDE)

CONGRESS MUST GO!!! (I don't know where).
To cut spending in a weak economy = ECONOMIC DOOM (thanks and welcome to congress). Makes absolutely no sense. Where are the jobs for the people being cut? Instead of focusing on creating jobs that will help strengthen the economy, and then cut spending later, congress and some governors instead spends months trying to kill the economy (cut spending at the wrong time). The economy was heading in the right direction till the start of this year when some politicians found it necessary to step on the brakes for political reasons.
Debt Limit extension should be under the control of the president or Fed. It should not be controlled by congress. It's just too important a task for the congress to be playing politics with. The world cannot afford to see some of these wicked political morons who will rather see the world economy collapse just to gain political points. This is too important an issue to put in the hands of congress. JUST TOO RISKY!!!!

SPX-DAILY

SPX-30MIN

UKX(FTSE)-DAILY

FXE(EURO)-DAILY

UUP(DOLLAR)- DAILY

USO-DAILY