Take a look at all the candles as the market traded in the $110.60 - $112 area. Lots of small bodies and long shadows. Also notice what isn't there -- long, green upwardly moving candles. The market is stalled right now. This is important especially considering the employment news we got a few weeks ago -- that should have moved the market higher. But no -- we're still here.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.