Archive for July, 2009

No Edge

By TheMoneyMaven ⋅ July 11, 2009 ⋅ 2 comments

Right now I’m staring at the charts trying to see if I can find any type of edge going into next week. There isn’t one. The S&P closed at one of the two necklines for this head and shoulders pattern. Last week I said 888 was the neckline but others respectable technicians [...]

Head, Shoulders, Knees, and Toes

By TheMoneyMaven ⋅ July 8, 2009 ⋅ Post a comment

Everybody betting on the Head and Shoulders pattern developing in the market and at the same time it is working. I think this is one of the few times that a pattern so widely known is actually carrying out. But like they say, knowing is only half the battle. The key is [...]

Maven Rule: Work for Profit not Wages

By TheMoneyMaven ⋅ July 8, 2009 ⋅ 3 comments

Most people make money by trading hours for dollars. There are many ways to trade hours for dollar. The most common is call a job. You go to work for a set amount of time in exchange for money. Or you’re a professional, like a doctor, lawyer or social media consultant and bill your clients [...]

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