The Tycoon Report

This Black Candlestick Has Evil Intent

The Dow Jones Industrials Index fell out of bed on July 2 on the basis of a terrible unemployment report. In so doing, it left in its wake a tall black Candlestick bar, which denotes a decline of 223 points on the day.

This followed an outside-down day on June 11 which bearishly engulfed the “real bodies” of the nine - count them, nine – preceding days, as well as a bearish “Evening Star” pattern in the Weekly chart of June 19. These devils are having their effect ...

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HEALTH CARE REFORM

UNCOMMON COMMON SENSE

For People Who Think

HEALTH CARE REFORM

For the next few weeks the topic de jour will be Health Care Reform. So I thought a few good talking points might be useful especially if its helps you to get on the phone to your congressman and let them know what you think. And that you will remember how they voted come 2010 and 2012

OUTSIDE THE BOX THINKING

#1 COST REDUCTION AND/OR CONTAINMENT:

In order to accomplish ...

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The Forgotten "Fundamental"

Here we go again.

Economists and other observers of many persuasions are dead-on certain that the price of Gold is headed to the stratosphere, because the fundamentals demand it. Demand for physical Gold is up; production has tailed off and cannot keep up with demand; inflation and even hyperinflation are unavoidable now, or soon; the inflationary effect of the infusion of massive amounts of bailout funds by the Federal Government must result in devaluation of the dollar and, consequently, ...

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Everybody Knows The Dice Are Loaded

UNCOMMON COMMON SENSE

For People Who Think

“EVERYBODY KNOWS THE DICE ARE LOADED” “The Poor Stay Poor & the Rich Get Rich”

IT’S THE ONLY GAME IN TOWN

Today’s situation reminds me of a time back in the 1960’s when I owned a cigarette vending machine business. As I was walking into the local illegal gambling joint where I had my 2 best machines, I bumped into a man who warned me that all the games were fixed and that he had just lost all ...

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This Candlestick "Evening Star" Pattern is a Bearer of Bad Tidings

It was surely negative news on June 15, 2009 when the Dow Industrials price bar made an “outside-down” day and, in so doing, bearishly engulfed the Candlestick “real bodies” of the nine preceding days. I do not recall ever having seen such a bearish pattern, anywhere.

That was the “left shoe.” We’ve been waiting to see whether it was just a fluke, or whether a pattern might emerge that we might call the “right shoe.” After trading concluded last Friday, we found ...

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