- I'm happy the market is moving higher. The price and volume action yesterday looked better than the top from last tuesday, so TA folks had to mostly like it. Meanwhile, sentiment still seems to be a little skeptical and worried about a Sept-Oct swoon.
- Check out Adam's column up on mad paper trading. And follow the comment thread there, too. It does strike me that Cramer is "the crowd." If you want to know what the sheep are thinking...
- Over on realmoney, Revshark says Technical Analysis is more than just charts. I think charts are a great way to predict the past! Seriously, Rev makes some good points and lightly chides fellow commentator Cody for dissin' the fine art of TA. Rev concludes, If you want to be critical of TA, make sure you really understand how good technicians use charts. And therein lies the rub: Finding a good technician.
- From Hot Air on the rumor of Air America Radio bankruptcy, They weren’t good enough, they weren’t smart enough, and gosh darn it, nobody liked them.
IN EDIT 7:50pm...
I figured out how Air America Radio can stay on the air! Yes it will require some changes, but their mission and values can continue. I suggest the following schedule changes to boost listenership (all times Pacific):
6:00am-9:00am: Laura Ingraham
9:00am-12:00pm: Rush Limbaugh
12:00pm-3:00pm: The Sean Hannity Show
3:00pm-6:00pm: The Savage Nation with Michael Savage
6:00pm-9:00pm: The Michael Reagan Show
9:00pm-11:00pm: The Bill O'Reilly Show
11:00pm-6:00am: Paid Advertising