Obama vs The World

So Obama wants to limit the investment practices of banks.

Interesting.

I'm not entirely sure if I'm for it, against it, or if I couldn't care less. One minor detail missing is that Wallstreet was one of the causes for the near-financial meltdown, right? Ok,... so what about ALL OF THE OTHER REASONS? I'm pretty sure the government had a very large hand in creating the initiatives that set the wobbly wheels in motion, and their power sure as hell has gotten larger. I won't go into the details about how they caused the housing-crisis, because frankly I'm not really sure if I care anymore. But I feel the finger is being pointed toward "capitalism" because there is a much larger agenda at hand. It's really no different than the Bush agenda (not the practices or goals, rather the fact they both are/had pursuing/pursued an agenda that is not in the people's best interests.

Paragraph 2

Now that I've added a chart to my blog, I guess this post is starting to make a little more sense now. I'm sure lots of people are shaken up by the market action.. but I'm here to relieve you and to tell you everything is ok. Look at the chart above. It tells you where to exit and where to re-enter. The patterns should be similar so watch for them. This dip is NOT A SELL. Here comes a lie: Everything I say is 100% accurate.

I enjoy making predictions though, because when they come true, you look like a guru.

Blah blah blah.

In other news..

Here's how I would apply fibonacci to the current retracement. If you're curious why I chose this level (the bottom of first major retracement in the market since the rally) feel free to ask. I'll just make something up on the spot.

Actually I'll tell you the answer: Swing points. And no I didn't just make that up. I believe the market is going higher, but we're going to see lots of sideways action. See my previous post as to why I think we go higher.