Day: October 8, 2005

On Mistakes

Anyone who has never made a mistake has never tried anything new.

-Albert Einstein

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On taking Action

Well done is better than well said.

-Benjamin Franklin

Handbook for Bloggers and Cyber-Dissidents

Handbook_for_bloggersReporters Without Borders has produced the Handbook for Bloggers and Cyber-Dissidents to help bloggers with handy tips and technical advice on how to remain anonymous and to avoid censorship by choosing the most suitable method for each situation.  It also explains how to set up and make the most of a blog, to publicize it (getting it picked up efficiently by search-engines) and to establish its credibility through observing basic ethical and journalistic principles.  Check it out!

What’s a Dead-Cat Bounce Look Like?

Xle_10705

See for yourself.  As always, we are not predicting the future, only pointing out current conditions….  but this is not a healthy looking rally attempt…  could short on next reversal signal, especially if it comes with a test of the 50-day EMA.  A failed test of the 50-day could lead to a test of the 200-day, which would be the next place to take profits, around $45 on the XLE (see chart). Same principle for most any other chart of a stock from one of the former leadership groups, such as housing, mortgage, certain retailers, or energy.  Cheers!