{The Corn Mania, the Ethanol Boondoggle, and Candlesticks}
Tuesday, February 3rd, 2009{
We’ve all heard about the South Sea Mania and the Tulip Bulb Mania. We remember being told about the disaster in which they ended. The dramatic rise in stock prices since 1995 was a mania, too. It took prices to a high in year 2000 and then to a reaction high in October 2007, from [...]
{The Candlestick Justification in Favor of a Perpetual Short Position in the S&P 600}
Friday, December 5th, 2008
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How fast time does fly. It is now over a year since the markets posted a major long-term High. It was marked by a classically bearish Japanese Candlestick formation, and has been attended all the way down during the decline by a assemblage of quite similar bearish formations. The financial implosions attending the near-collapse of [...]