Content about Main Street

01.28.10

The major indices made new lows on Wednesday, but the selling was not serious. After another benign FOMC announcement, the Dow managed to rally 150 points from the low of the day, closing up 42. The technical pattern is called ‘3 drives to a low’ and you can see a chart of it below. The pattern is bullish and suggests that today we will get the best bounce since the decline started.

01.14.10

Main Street vs. Wall Street

Main Street is struggling with a very weak jobs market, but Wall Street does not particularly care. It is not that Wall Street is heartless; it is just that it knows that a weakened labor force puts operating leverage back in the hands of corporate management. It means greater productivity per dollar of wages, which flows directly to the bottom line.

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Our purpose is to teach and demonstrate day trading strategies that do not require deep knowledge, vast experience, expensive software, or exotic and complicated investment instruments, and which minimize the high risk that is always involved in day trading. We believe our techniques can be mastered successfully by the average frequent-trader with the minimum $25,000 account required by SEC regulations for day trading, and for whom a day trading strategy and its attending risks are appropriate.

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