| January 2008
The only rule for this debate seemed to be that neither candidate would dare use the word 'victory.' We know they want out of Iraq, but have we now conceded defeat in Afghanistan as well? Our conflict with the Taliban and al Qaeda is to be 'resolved'? When Tony Soprano says he's going to resolve a problem, we know what that means, but what on earth does it mean when Hillary says it? The low point for Obama came when he said that the NIE on Iran had shown that engagement and talking could lead to the Iranians changing their behavior. This is as spurious a connection as his earlier claim that the 2006 elections led to the reductions in violence in Iraq. Even if one takes the estimate's conclusions at face value, the credible threat of the use of force is the only explanation for why the Iranians suspended their program.
Clash of the Titans
The two big releases of the year, Saawariya and Om Shanti Om are releasing on Nov 9 and the distributors have waged an aggressive publicity campaign. While Shah Rukh Khan lures the audience with his six-pack abs in Om Shanti Om, Sawariya brags about its fresh star cast. The film features debutantes Ranbir and Sonam Kapoor, the scions of two illustrious Bollywood families.
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Obama beats... Jesse Jackson?
Perilously close to swooning!] ... 6:38 P.M. ___________________________ Why does the crowd at Obama's victory rally just happen to look like a perfect, multiracial group of pleasant, idealistic, attractive Americans? I suspect it's because the crowd at Obama rallies typically is a perfect multiracial group of pleasant idealistic, attractive Americans. I've never been in a more benign-seeming group. They're clean! (And articulate!) Maybe a little edgeless. ... 6:28 P.M. ___________________________ Attempted Ghettoization: Now that Bill Clinton has explicitly belittled Obama's South Carolina victory by comparing it to Jesse Jackson's, how does Obama's share of the white vote compare with Jackson's in 1988? Obama got about a quarter (24%) of the white vote, according to exit polls.
All arrows point downward, for now
The Nifty index closed at 5,120 points on Friday, shedding roughly 200 points on a weekly basis. There has been some key developments over the past one week. The economy is showing signs of cooling down. The primary market has received a jolt, with two flamboyant IPOs withdrawing from the market. The global scene is a bit gloomy, and it is too early to say if the decoupling theory holds.
Now, take a look at the daily price chart of the Nifty cash index. The horizontal lines on the chart are the support lines while the wriggling lines are the moving averages. The slower wriggling line is the 50-day Simple Moving Average (SMA) and the faster wriggling line is the 200-day SMA. Below that chart is the ubiquitous 14-day Relative Strength Index (RSI).
The Nifty made a high of 6,357 on January 8 and within a span of 10 trading sessions the index declined to the low of 4,448 on January 22 before bouncing back.
Police raid apartment of rogue trader and bank HQ
Police have taken into custody the trader blamed for a 4.9 billion euros (US$7 billion) fraud at French bank Societe Generale, a judicial source said yesterday. The source said Jerome Kerviel, 31, was being held for questioning. Under French law, suspects can be held for an initial 24-hour period before any charges are pressed, but this can be extended. Police nabbed Kerviel from his vehicle in the underground car park of the financial brigade's offices in Paris, a source close to the investigation said. He was taken to a police station in Paris at about 2pm. The detention followed a police raid on Kerviel's apartment on Friday in the wealthy Paris suburb of Neuilly sur Seine, during which documents were seized. Police officers also went on Friday to the bank's Paris headquarters to seize Kerviel's computer files, prosecutors said, adding that "some items useful to the inquiry" were handed over voluntarily.
Russ has plenty to crow about
Perhaps Crowe was keen to remind us of what he calls the most extravagant gift he ever gave wife Danielle - the chapel he built at his Nana Glen property for his 2003 wedding. "It is consecrated and everything . . . And we use it all the time." As an aside to his proclamations of newfound spirituality, in the same interview Crowe reveals his brilliant mind even extends to his shopping prowess. "I love going shopping. I have a black belt in it. My wife really appreciates that in me. Whatever you need, mate, I'll get it," he kindly offers the interviewer. Amazingly, Russ knows even better than Danielle exactly what Danielle wants to buy. "I can pick out the first nine things my wife would like to try on," he brags. "I can do the supermarket in six minutes," he adds.
Slay That Green Dragon
Here on OpEdNEws, I haven't seen one single article supporting Hillary. It's not because we haven't accepted them. Matter of fact we welcome cogent, well written articles supporting ANY candidate, since we trust our readers to respond and balance out the perspective in the comments section. It appears that the concensus of the readers and writers on this site, most of whom were Kucinich, Edwards or Paul supporters, are, except for the Paul supporters, now leaning towards Obama. .
IPL ready to snap up star players
ANDREW Symonds and Ricky Ponting will turn from villains to heroes when they become two of the hottest commodities on offer in next week's Indian Premier League player auction. Dismissing reports some Australian players would not be welcome, billionaire IPL franchise owners have declared they will ignore any residual anger over this summer's racial spats and ugly incidents in the one-day series between Australia and India in October in a bid to lure Ponting and Symonds to their franchises. "That amazes me after the last couple of weeks," Ponting said yesterday. "I thought our prices would have gone right down." The Australian players have yet to agree to contractual terms for next Wednesday's auction, but player bodies and Cricket Australia were yesterday confident of a resolution.
The Qualifier − Support (demand) and Resistance (supply)
Last week, we looked at indicators and oscillators and wrapped some very logical rules around them. We did this because if you take every buy and sell signal an indicator produces, your trading career is guaranteed to be short lived. It is not that the indicator is not working properly, they always work exactly as they are programmed to work. The issue is that most traders don't use indicators properly. Today, we will apply some more simple yet important logic to conventional chart patterns. There are many chart patterns such as Triangles, Flags, Pennants, The Cup and Handle, The Head and Shoulders, and many more. While I chose to stick to pure demand (support) and supply (resistance) in my trading, many new traders like these conventional chart patterns. One thing all these patterns have in common is that the entries are all "breakouts".
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