MoneyAccumulator.com

So, I finally got around to installing the newer version (v.11) of the financial charting sofware MetaStock a few weeks ago.It is a great piece of sofware, I’ve been using it since year 2007, however back then I was doing swing trading which was much shorter term and using daily charts to find opportunities to buy and sell stocks which took days or weeks.

You never know, it might get if thingsEurope goes bad. That is why I am still short the Nasdaq. We’ll see.

Henry S. Dent has a pretty good track record of foretelling what will happen. Nobody can predict when it will happen just what is going to happen and so far, the next crash is taking longer because of Fed stimulus.

He recommends get out of stocks, commodities and get into cash and U.S Treasuries. He is not a gold bug though. He thinks it is a commodity and will get pull down with all other commodities.

MetaStock End-of-Day is made for the swing, mid-term or long term trader who doesn’t need up to the second or minute stock, currency, index or commodity quotes. Rather MetaStock End of Day is for doing analysis on price action after the market has closed. For real-time traders they need to look over MetaStock Pro and MetaStock Pro FX.

Looking at current economic events, it doesn’t seem like there will be any trigger for a “Santa Claus” rally in the markets this year. Not, just the macro picture is saying this, the technical analysis of the charts say the same thing, there has been a breakdown in the price actions across all markets around the world.

I personally have a bad feeling about December 2011 and January 2012 for the markets. Read the article below by ZeroHedge for more details.

Back in 2007-2008, Bear Sterns and Lehman Brothers collapse. The toxic debts that cause their collapse and the ensuing financial meltdown has attributed to the bail out of the banks using taxpayers money totaling over 60 billion. Since then millions of jobs are lost, real estate super slump and debt problems across the U.S has not improved and this is coming back to bite the U.S and the world in the ass.

People will not consume, buy goods until they can afford to. The debt load is so high for the majority of the world’s population so demands for goods and services will slow for the next little while, until people have pay off most of their debt or declare bankruptcy. One thing they won’t be doing is invest, what money do they have left over after food, mortgage/rent and petrol/gasoline. Look for slowing economy in the coming years.

All U.S stock market indexes took roughly a 3.5% haircut today. Question is this, “Is it down from here?” and “Is there going to be a santa claus rally this year?”

The answer to both of these question is who knows, anybody’s guess. The stock market now a days have pretty much been manipulated by the U.S Government and Federal Exchange who pump borrowed /printed money into the markets to inflate them.

Charles Nenner ex-Goldman Sach’s employee and trend analyst sees economic slowdown and gold cycles.