In my father’s house are many mansions. Surely one of them has a room with no elephants in it….

Not to crunch too many metaphors right here at the top, but a consensus seems to be firming up in the animate jello of the Internet that we have entered the Season of the Witch. An odor of ripeness fills the virtual air — something between dead carp and apples baking.

Whatever else appears to be going on in the upper stories and verdigris-tinged turrets of capital finance — currency rackets, gold switcheroos, interest rate arbitrage games, concealment of losses under rugs and behind curtains, Chinese fire drills performed by Spanish prisoners, executive three-card-monte set-ups, boardroom work-arounds, accounting quicksteps, Peter-to-Paul-shuffles, check kitings, pigeon drops, Ponzi schemes, hugger-muggers, bezels, shucks, jives, and enough monkeyshines to make Lord Greystroke cry for mercy — apart, in other words, from business-as-usual, such as it is

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It’s no secret the market this past week has been having a hard time going anywhere — but we expected that. That being said, there is a lot of order to this week’s action and the action off the most recent peaks.

Should the markets follow the script I’m about to lay out below, we test the Blue support levels. Then, we can look for a bounce. This could be considered a tradable bounce, followed by a final move to those June breakout levels in the DOW near 8900 — 950 for the S&P 500.

For now, we’ll take it one step at a time..

This first chart tells you why Friday’s run stopped where it did:

Why? Because those are multiple resistance levels as shown above in the Red Line and the pink downtrend channel as well. Sure, it skirted the line, but we aren’t reading

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Foreign Exchange Trading: The Emotional Discipline of Trading Forex

By Dr. Scott Brown, Education Director of Investment U

As we mentioned in Part 2 of our interview with Thomas Fischer, a veteran of inter-bank foreign exchange trading, the most important aspect of trading the highly leveraged Forex markets is discipline - emotional and numerical.

One deals with how much of your cash you put at risk on any trade, and the other with psychology - how you handle that fear and greed with your money on the line.

Thomas has granted us a rare glimpse into the mysterious world of Forex trading he prospered in for 22 years.

Today we are talking about the discipline it takes to become highly profitable.

Onward we go…

Foreign Exchange Trading & Technical Analysis

Dr. Brown: In the first part of this forex trading interview you mentioned that, “When you have a winning trade take

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We interview Robert Miner as he explains Elliot Wave theory and what he recommends to beginning traders.

Passing on this article on Dolby Labs from Inside Futures - looks promising:  Dolby Laboratories (DLB) engages in the development and delivery of products and technologies for the entertainment industry. The company offers products comprising traditional cinema processors, digital cinema products, digital 3D products, digital media adapters, broadcast products, and live sound products, which are used in ...

PKey Newsbr•nbsp;The number of Americans filing first- time claims for unemployment benefits surged more than forecast last week to a 26-year high. (Bloomberg) /P PQuotable br“I’m not confused, I’m just well mixed.”/P P nbsp; Robert Frost/P PFX Trading – Turning to the Technicals for Guidance/P PWe’ve told our story as to why the US dollar has possibly entered a multi-year bull market. And depending on where else you dig for investment advice, you may have also heard why the US dollar has not entered such a bull market ... why this is only a correction in the major long-term downtrend. /P PTo us, that’s the OLD story. And it seems that those sticking to the old story are failing to recognize the importance of some key changes to the global financial system and economy. I’m not sure exactly why a potential US dollar bull scares some so much. Maybe it has something to do with gold./P PAnyway, ...

Trade Detective Market Sentiment -

Hi Everyone,

I’m back from my honeymoon and am going to start producing some new picks here pretty soon. I wanted to do a quick review of the overall market for August.

By and large, August didn’t provide much direction for the market; after all was said and done the market really ended up sideways. However, upon closer review there are some signals appearing; let’s take a look.

Taking a look at the long term moving average. Notice how it has gone horizontal, an event which hasn’t occurred on the DOW since the dot com bust. Also, the PPO is showing a bearish cross over and the pattern is starting to roll over as well.

Click To Enlarge

Forecast for this week

In the

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