ANN: Breakthrough!

This is a very bullish chart for ANN. Since early July when it made a high above 44, it's had a hard time breaking through the price level, forming a fairly substantial resistance level. The price level was re-tested in mid September only to retrace. Over the past three sessions, we've seen above average volume and some great action today to break above the resistance level. MACD is also very bullish.

So, what should a trader do here?

Set stops and watch this baby carefully. The RSI is approaching overbought levels, but we may get an "over 70 RSI burst" move up... sit tight, this could be a nice long trade.

Strangers: the Bad, the Ugly, and the Kind

A devoted reader recently responded to my criticism of the city's unfriendliness by saying:

It seems to me that one of the major problems of urban life is that we are surrounded by strangers. We constantly interact with people we don't know, and this creates (or allows for) a little less kindness than we'd experience if we all knew our neighbors.

My response:

While I do agree that we increasingly interact with strangers in very large cities, why are the dynamics a lot different in smaller cities, but still of a decent size? For example, on a walk in the city of Charlotte, NC, I was greeted with more than one smile and 'hey'. Charlotte, of course, is no village. There, too, you run into strangers, but perhaps friendly strangers?

White Noise?

I've been quite bothered by the sirens and random distracting noises that exist within the city. Aside from the common ambulances and VIP Cadillac that zoom through loudly, there are several very obnoxious grates on the streets like the one on the corner of Virginia Avenue and E Street NW by the CVS. Do you know why they make such a deafening sound? It's like there's a supersonic jet preparing for take off underneath! My latest strategy is to avoid such routes.

'Homo Sapiens' or 'Homo Serpents'?

I feel the serious need to address an observation: the people of DC need to live a little and ease up. They are as hard as rock and think those who look like them are strange animals as opposed to simply fellow homo sapiens!

What am I talking about?

A friend and I went on a bike ride on one of the many trails in DC. We went north from Georgetown to Bethesda on the Capital Cresent Trail and back. It was an absolutely beautiful sunny October day, but the people on the trail - runners, joggers, and bikers alike - had a stern and very serious look on their faces. We tried to smile and wave at some of them, but either didn't get a response or received an unfriendly gesture. I don't get these people on the East Coast! Or, is it simply the demographic we came across - mostly wealthy city folk who are too consumed by themselves?

Hopefully, someone who's more familiar with these DC types will read this and let me know what's up.

Find Some Peace Here

This picture was taken in Rochers de Naye, Switzerland - a small resort town near Montreaux on Lake Geneva - visible in the picture.

Murder, Corruption, Sex, and the Economy

I, once again, have been absent for a while. However, I return. And this time, I hope to continue writing more frequently. I partially blame the fine weather over the past five months or so for keeping me away.

I'd like to address two serious matters that seem to be ubiquitous in the media lately: murder and corruption on Capitol Hill.

Let's start with murder. There are now at least four killing rampages to come to mind immediately that have occurred over the past two months. Two of these occurred in schools (in Colorado and the Amish community in PA) and the other two, most recently, involve entire families being shot. What the heck is going on? Why is this happening? Last night I read about a family that was shot to death on the side of I-95 in Florida. The reports included the following description: "The mother... was found clutching her two sons in an apparent effort to protect them." This is horrific. Simply gruesome. Why?

And, most recently, a family in Iowa was found shot to death - both parents and three children. What for? Why?

Is the second amendment at fault here, or is it simply an America that just doesn't get it? Or, have these things always been happening and because of the ease of communication today, I know about them? Peace be with the souls of all these individuals.

And then corruption and sex scandals on the Hill - Abramoff & Ney (see my post going back several months ago regarding the K-Street gutter), Foley's nasty sex addiction to pages, and most recently, Curt Weldon - a PA Republican congressman, is charged with using his influence to direct lobbying business to his daughter. Should elected officials, or just congressmen families or close relatives even be allowed to be lobbyists? Of course there's a conflict of interest bound to develop. Regardless, that's a topic for a different time. For now, what's important to note is that these are elected officials in the world's purportedly best democracy. I suppose we wouldn't know about the crimes if the democracy wasn't real, and it would be impossible to punish their crimes. The bottom line: it all amounts to greed for power and greed for the green.

This just in: there are, unbelievable but fortunately, good things happening too. The economy seems to be faring well, corporate earnings are coming in strong (I don't know whether that's necessarily a good thing, but it does mean the economy is strong), the Dow Jones Industrial Average continues to make record highs and doesn't look like it will stop any time soon (I hope!). On a more personal note, there are always a plethora of things for which to be thankful.

I'll leave it at this for now and attach a picture for you to enjoy!