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(GM) How to Make Money Trading Stocks 8-10-2008
Uploaded by: Tradewithmojo
Video Description:
Conference Center: http://mojo.omnovia.com
The Hedge Fund Implode-O-Meter
http://hf-implode.com
Charles Schwab: Investment Services
https://www.schwab.com
OIL.... must see!
http://cc.pubco.net/www.valcent.net/i/misc/Vertigro/index.html
http://modj97-predictwallstreet.blogspot.com/2008/06/trade-with-mojo-live-charts-in-chat.html
Blog: How to subscribe to out new private MC members area now with real time charts too.
Prediction: General Motors (GM)
May 23rd http://www.youtube.com/watch?v=BYDWVAkwBVM
GM's Bid and Ask (Market has to be open)
http://datasvr.tradearca.com/arcadataserver/JArcaBook.php?Symbol=GM &x=0&y=0
Technical Analysis assumes both public and insider information are priced into a stock. This essential combination can be expressed through the relationship between stock price and volume over time.
While not a method of 'predicting the future,' as often believed, technical analysis measures probabilities, identifies 'buy' and 'sell' signals, and minimizes risk.
MC ratings are updated for the stocks on the spreadsheet daily.
http://spreadsheets.google.com/pub?key=pg4VxbLoak_QsBEvxiIaFSg
You will need to send a mail to me to get your password for the new chat room if you have not already received it.
How to get the pivot point (PP) program just email me and you do need to be a subscriber to our YouTube page! In the email add you screen name too please and with the subject "PP Calculator" then we will get it right out to you. (tradewithmojo@gmail.com)
The rules for the setup are simple to use pivot points:
For shorts:
1. Identify bearish divergence at the pivot point, either R1, R2 or R3 (most common at R1).
2. When price declines back below the reference point (it could be the pivot point, R1, R2, R3), initiate a short position with a stop at the recent swing high.
3. Place a limit (take profit) order at the next level. If you sold at R2, your first target would be R1. In this case, former resistance becomes support and vice versa.
For longs:
1. Identify bullish divergence at the pivot point, either S1, S2 or S3 (most common at S1).
2. When price rallies back above the reference point (it could be the pivot point, S1, S2, S3), initiate a long position with a stop at the recent swing low.
3. Place a limit (take profit) order at the next level (if you bought at S2, your first target would be S1 ... former support becomes resistance and vice versa).
Disclaimer:
Talk to a professional before making any investment decisions! Nothing on our YouTube, Spreadsheets, Blog, and New Members only Chat Room should be considered advice or a recommendation. Mojo makes no guarantee that his forecasts will be accurate or generate profits. He will not be responsible for any losses that may result from the use of his forecasts. You are responsible for your trades, investments, and decisions.
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"It is in the nation's best interest to help General Motors, Ford and even Chrysler through this mess."
The credit ratings agency said it reduced GM's issuer default rating one notch to "CCC" from "B-." Both ratings are noninvestment, or junk, grade.
The spending bill, needed to keep the lights on in Washington after the fiscal year expires on Sept. 30, is expected to pass the Senate.
Toyota, Honda Zoom Ahead as Buyers Concentrate on Fuel Economy, Quality
The U.S. consulting firm predicts Toyota this year will outsell its American rival in the passenger-car market by nearly 84,000 vehicles, selling 582,800 cars to GM's 498,877. The figures exclude micro minivans, trucks and ...
Washington (AP) U.S. automakers will be able to modernize their plants to build more fuel-efficient vehicles thanks to Uncle Sam.
By as early as next spring, GM, Ford and Chrysler will be able to tap into a 25-billion-dollar low-interest line of credit from the government.
But an Energy Department spokeswoman said Tuesday that Congress failed to lift several restrictions on that process, making it more difficult to meet the timeline. She earlier estimated that it could take between six and 18 months to complete.
"Significant consolidation is necessary, especially among Ford, General Motors and Chrysler retailers, because U.S. sales already have declined more than 1 million units this year," Grant Thornton analyst Paul Melville said.