Weekend highlights

Hi all,

Hope you guys have enjoyed the 2 videos.

Dropping by for some update and information on the markets. Below is a link to where you can find a list of US financial companies whose shares that cannot be shorted as imposed by the SEC on Friday. Find it here: No Shorting

Another small bank, Ameribank, just joined the bank closure list, I wonder if the list will continue to get longer, click here to access for details: Failed Banks

UK PM Gordon hinted that the FSA will be given more power if needed to regulate the financial system, and the UK is prepared to borrow more and use public expenditure.

Paulson said foreign banks will be able to unload bad financial assets under a $700B proposal to restore order. Details are still being negotiated.

So let's look forward to tomorrow.

Comments

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Video: Lesson On Elliott Wave

Hi mates, Just received this in the morning. It is a short interlude of the Elliott Wave course. If you are a serious trader, and would like to have a roadmap to the markets, I would suggest you take a good look at this, this has worked for me. Enjoy... Watch this full $79 course, FREE. Click Here!

Think That Central Banks Move the Markets? Think Again

April 23, 2009 By Mark Galasiewski The following is excerpted from Elliott Wave International’s Global Market Perspective. The full 120-page publication, which features forecasts for every major world market, is available free until April 30. Visit Elliott Wave International to download it free . Conventional wisdom says that central banks can influence or even direct financial markets and the macroeconomy. The very existence of Elliott waves challenges such assumptions. For if markets responded to every central bank directive, how could Elliott waves exist? Parallel trend channels, Fibonacci price relationships, the similarity of form between waves of different sizes and time periods—none of that would be possible. Central bank decisions would have to coincide perfectly with turning points in Elliott waves, and we know that just doesn’t happen. But even without using waves, we can expose the conventional wisdom for the fallacy that it is. Take, for example, this assertion in ...

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