Sometimes you need to find the point that is exactly between two other points.
Technically, the Midpoint Formula is the following:
Granted, some folks with no real sense of adventure just looked at the calendar. Whichever approach you took the results are the same. Tomorrow is the last day of the second quarter and the end of the first half of 2010. According to some, how we trade tomorrow defines how the year will end (up or down). Our guest Mike Reed does an uncanny job of tracking some of the more obscure not widely known historical facts about the market and its behavior. We'll be sure to check with him tomorrow to see if he puts any stock in this one or not.
No Daily Devotional Today
We arrived in studio this morning just as the webinar was beginning. For those of you who tune in more for the Christian than the Financial part of our Radio Network, I do apologize. I've already made peace with the Big Guy and I'm now singing Mea culpa to you for the absence of a daily devotional from today's broadcast. I can't remember the last time it happened so let's just move on... Fair enough?
The Live Trading Session with Michael from StackTrade and Leslie from Daniels Trading was most excellent. Michael has really spoiled us on the days that he brings live charts to the radio broadcast so it would appear that we will either need to work out a deal with him or just launch our own charts in the future. It certainly adds depth to the live broadcast and makes every tick a teaching moment. For those of you who listen via iTunes or stream the podcast directly from the site here, for the time being your experience will remain one-dimensional. The storage space required to archive 2-3 hours of video 5 days a week will require us to make changes not only to our streaming software but also additional hardware upgrades. As most of you know I will be on Holiday all of next week. We will broadcast the remainder of this week and return to the airwaves on Monday July 12th.
Welcome to our New Listeners!
Page Trader Daily Results
Trade Stalker Daily Results
In last night's update I stated "the market is wound up kind of tight" and the market unwound on Tuesday's open. The ES opened down 15.50 points, and that was the high of the day, as the market broke key support areas. The 1038 updated support gave a bounce, but from 1037.50 the ES got back to the 1047-1048 updated resistance and that was it for the bounce. Via Instant Message, guidance and updated resistance/ support was given to help the group, per usual. I'll be giving audio updates and market thoughts again on Wednesday.
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