Thursday, October 6, 2011

Obama: Barking Up the Wrong Tree


Still awaiting a trade setup, so have some time to blah...

Suppose the US government was Walmart and 99% of its customers are interested in bargain hunting. It should find a way to increase business with that 99% customer base.

If we look at this from the taxation perspective, doesn't it make sense for the US government to now try to upgrade the so-called 99% to income levels where they are able to even happily pay higher taxes? If my income doubled from a better economy, I wouldn't mind paying higher taxes.

Wait... I interrupt this blah to declare bearish divergence on JRCC!

Notice the bearish indication on MACD and flatlining Money Flow. Taken together with the range-bound price action on JRCC, this could mean that I might be able to buy on a dip successfully today!





No comments: