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Archive for January, 2010

Have you read Ralph Nader’s endorsement of Barack Obama?

November 3, 2008

Open letter to Senator Barack Obama [excerpts]

Dear Senator Obama:

In your nearly two-year presidential campaign, the words "hope and change," "change and hope" have been your trademark declarations. Yet there is an asymmetry between those objectives and your political character that succumbs to contrary centers of power that want not "hope and change" but the continuation of the power-entrenched status quo.

Far more than Senator McCain, you have received enormous, unprecedented contributions from corporate interests, Wall Street interests and, most interestingly, big corporate law firm attorneys.

Never before has a Democratic nominee for President achieved this supremacy over his Republican counterpart. Why, apart from your unconditional vote for the $700 billion Wall Street bailout, are these large corporate interests investing so much in Senator Obama?

Could it be that in your state Senate record, your U.S. Senate record and your presidential campaign record (favoring nuclear power, coal plants, offshore oil drilling, corporate subsidies including the 1872 Mining Act and avoiding any comprehensive program to crack down on the corporate crime wave and the bloated, wasteful military budget, for example) you have shown that you are their man?

To advance change and hope, the presidential persona requires character, courage, integrity– not expediency, accommodation and short-range opportunism. . . .

A further illustration of your deficiency of character is the way you turned your back on the Muslim-Americans in this country. You refused to send surrogates to speak to voters at their events. Having visited numerous churches and synagogues, you refused to visit a single Mosque in America.

Even George W. Bush visited the Grand Mosque in Washington D.C. after 9/11 to express proper sentiments of tolerance before a frightened major religious group of innocents.

Although the New York Times published a major article on June 24, 2008 titled "Muslim Voters Detect a Snub from Obama" (by Andrea Elliott), citing examples of your aversion to these Americans who come from all walks of life, who serve in the armed forces and who work to live the American dream. Three days earlier the International Herald Tribune published an article by Roger Cohen titled "Why Obama Should Visit a Mosque." None of these comments and reports change your political bigotry against Muslim-Americans– even though your father was a Muslim from Kenya.

But then your shameful behavior has extended to many other areas of American life.

You have turned your back on the 100-million poor Americans composed of poor whites, African-Americans, and Latinos. You always mention helping the "middle class" but you omit, repeatedly, mention of the "poor" in America.

Should you be elected President, it must be more than an unprecedented upward career move following a brilliantly unprincipled campaign that spoke "change" yet demonstrated actual obeisance to the concentration power of the "corporate supremacists."

It must be about shifting the power from the few to the many. It must be a White House presided over by a black man who does not turn his back on the downtrodden here and abroad but challenges the forces of greed, dictatorial control of labor, consumers and taxpayers, and the militarization of foreign policy.

It must be a White House that is transforming of American politics– opening it up to the public funding of elections (through voluntary approaches)– and allowing smaller candidates to have a chance to be heard on debates and in the fullness of their now restricted civil liberties. Call it a competitive democracy.

Your presidential campaign again and again has demonstrated cowardly stands. "Hope" some say springs eternal." But not when "reality" consumes it daily.

Sincerely.

Ralph Nader

Ralph Nader is a poor loser.

He is nothing more than a professional candidate.

the elliott wave practitioner, 18 July 2009, SPX, DOW,

In this video I look at the recent price action in the BKX, SPX, DOW, RIFIN. I think the recent rally has changed the scene for now and shifted the odds to potentially more rally coming after a correction. We have many aspects to this rally to analyse and should have some advanced signals, to help detect if indeed a blast ‘c’ up is underway.
The charts in this video are available for a free download from my website from the download section.
www.the-elliott-wave-practitioner.com

Duration : 0:10:14

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Is there any free software available on the net to identify Elliott waves for NSE and BSE stocks?


This was an 80’s thing. I didn’t know people still follow this.

Was RN Elliott, Creator of Elliott Waves Rich or Poor at Death?

On various sites, I hear about Elliott Waves and I’ve looked into them a bit. They seem like BS to me, but a question I haven’t seen asked is whether RN Elliott was able to generate profits using his own system? If he died rich, was it from investing or writing about investing?

Not sure about Elliott’s financial status, but I’m a forex trader and use Elliott Waves all the time.

They are most certainly not BS!!

Elliott Wave Forex Trading: It’s Not The News That Matters

Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007

The standard explanation mainstream financial analysts and some forex trading “experts” use when talking about a market move is, “The market did that because of such-and-such news report.” But if you’ve been forex trading long enough, you know that all too often, the market’s reaction to the news is the opposite of what it’s “supposed” to be. Watch Elliott Wave International’s Senior Forex Trading Strategist, Jim Martens, as he explains that it’s not the news that matters when you’re trading forex — it’s the market’s reaction to the news that does — in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.

Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007

Duration : 0:10:55

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What is the significance of Elliott waves studies in technical analysis?


None. Although a lot of people still spend a pile on books each year. I’ve never met a successful professional who used it.

Major Market Bottom Call – Elliott Wave DJI

Includes possible turn dates and targets – http://WaveGenius.com

Duration : 0:2:39

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latest (june 2006) elliott wave analysis of GOLD i mean its latest wave count?


Please ignore that idiot who lost $$ in his wave theory. Gold is heading higher in 6 months. Current weakness should be viewed as a good buying opportunity. His wave theory is very technical and lack of subtance and factoring the change in global environment. For example, Russia, Korea central banks quietly accumulate gold. His formula can not monitor this. Also, China will add 1800 tons by selling its $ reserve. He is clueless what it is really going on…

will Elliott Wave work good in stock market?


Not by itself, but it has its usefulness.

You get 10 Elliot Wavers in the same room, and you’ll have 10 different interpretations of where you are.

And yet, sometimes it’s just clear as a bell, 3 or 5 wave patterns, or an a-b-c correction.

The Fib ratios are certainly applicable.

Robert Prechter of Elliott Wave on CNBC’s Closing Bell, Aug 17, 2009

Robert Prechter of Elliott Wave International and publisher of the Elliott Wave Theorist for about 30 years says that the US dollar has bottomed and that stocks and commodities will decline.

He is interviewed by Maria Bartiromo.

Duration : 0:6:46

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