Monday, October 31, 2011
Ex New Jersey Governor Corzine Bets Big on Sovereign Debt and Loses
In today’s video, we’re going to look at MF Global and show you just how our Trade Triangles were giving clear and concise signals that all was not well. These signals happened months ago as I will show you in today’s video.
As many of you know, we have been criticized for not getting super bullish on the financials, as it looked as though they had broken out. We stuck to our basic beliefs and according to our Trade Triangle technology, the financials hadn’t broken out to the upside. Having a disciplined approach by far and away is the winning strategy to have in today’s markets.
You may recall our comments about how we go from “the world that is coming to an end”, to instant euphoria. Things don’t change quite that fast in the real world of trading. The overall trend continues to be negative in the equity markets. The overall trend in the gold market continues to be positive.
Okay, now let’s go to the charts and see how we can create and maintain your wealth in 2011. Here's today's video on the six markets we trade publicly.