Monday, August 18, 2008
Any significant increases in the price of Oil could cause the a price retreat in equities. The chart below is of the S&P 500 Index. This index is below it's opening range, but is sitting closely to the 1290.63 infection point. If this level does not hold. Look for prices to test 1260 area and then the 1229 level. It is important to notice the declining volume on this weak re-tracement rally over the past few weeks.
S&P 5oo Index(click to enlarge charts)
S&P 500 Index 3 day chart with linear regression lines and standard deviations
Sunday, August 17, 2008
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Tuesday, August 12, 2008
Most of us think the term "deposits" mean funds that you deliver to the bank for safekeeping, but for nearly 200 years, the courts have sanctioned an interpretation of the term "deposits" to mean a loan to your bank.
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