Prism: Everybody Was in on the Act

Looks like everybody was in on the act with complying with the National Security Agency’s spying around the world according to secret files. The Guardian newspaper of the UK has just obtained secret files from Edward Snowden detailing the full extent of the affair. The affair was revealed just about a month ago now, but…

Bear Ascending Triangle

The Ascending Triangle as a price pattern is fairly common as it presents frequently in all markets, time frames, & price ranges and tends to provide a great reward-to-risk ratio. Their versatility has made Ascending Triangles available as either a bullish or bearish trend continuation pattern or a reversal pattern depending on the trading environment…

The Biggest Golden Hellos in History

They can be handcuffed, they can be given coffins, they can be parachuted, they can be bungee’d, they can be life-jackets, they can be a hello and they can have their hands shaken. What are we talking about? Well, all of these things seem to have one thing in common, they are golden! We have…

Bear Symmetrical Triangle

The Symmetrical Triangle as a price pattern is fairly common as it presents frequently in all markets, time frames, & price ranges and tends to provide a great reward-to-risk ratio when traded with a clear trend bias. Their versatility has made Symmetrical Triangles available as either a bullish or bearish trend continuation pattern or a…

GlaxoSmithKline

What a wicked web we weave! GlaxoSmithKline, the UK drug manufacturer has come clean and admitted that yes they have been questioned regarding their possible bribing of Chinese officials and also violation of tax laws. Tut! Tut! Naughty, naughty! One might say that there is no smoke without fire and in true crisis management style,…

China Contracts!

It looks as if China’s days of double-digit economic growth are well and truly over (at least, for the moment). Data that will be released next week (second quarter figures) will show a quarter-on-quarter slowdown that is setting in now for China’s gross domestic product. The figures will be issued on Monday, but already it…