"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder

Friday, August 1, 2008

Monk of the Month

Your comments,
tips and prognostications.


Charles Longfellow said...

My comment re gold from last month:
"Big near term upward move predicted by most analysts except EWI, (Elliott Wave International)"

Well..., at the very least, EWI has not been proven wrong. Lots of volatility in July, but the big shoe has yet to drop for a major gold spike higher.

Buying opportunity?

fornow said...

Not for me. But then, there are no buying opportunities for the moment will I regroup...

Charles Longfellow said...

Elliot Wave seems to have nailed this one. Gold is down significantly. Of course, now the general analysis of gold's bull run includes the idea of pullback.

Charles Longfellow said...

The best thing that happened this month was the re-discovery of Reparta & The Delrons. See link under "Monk of the Month".

eXTReMe Tracker

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?

"... internalization hurts retail customers and market quality"

see: EconPapers

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