Tuesday, July 20, 2010

2010 Head & Shoulders???

A lot of people were watching for a H&S Formation a week or two back and what could have been a H&S failed. However, maybe we were watching the wrong formation. Here is another potential H&S, for consideration. The volume is interesting but maybe not exactly the typical H&S. The trend lines are impressive and what caught my eye. Sometimes a simple trend line is all it takes.

Below are two charts, the first showing the H&S that we may be looking at and the second is zoomed out to show that these tend lines have a history.



Monday, July 12, 2010

Why doesn't Obama use these famous Lincoln quotes?

(From an e-mail, I have not checked, but thought it was interesting.)

For those who study history --- you recall that despite Obama's continuous attempts to quote Lincoln as a Democrat.... President Lincoln was a Republican President!

You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people's initiative and independence.
You cannot help people permanently by doing for them, what they could and should do for themselves.

...... Abraham Lincoln