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Heads Up on the week ahead of Dec 5th 2010 ;-)

----- Sunday, Dec 5th -----7:00 PM: Fed Chairman Bernanke discusses the economy on CBS 60 Minutes. This interview took place on November 30th.----- Monday, Dec 6th -----1:15 PM Richmond Fed President Jeffrey Lacker speaks at Charlotte Chamber of Commerce's "Annual Economic Outlook Conference."----- Tuesday, Dec 7th -----9:00 AM ET: Ceridian-UCLA Pulse of Commerce Index™ This is the diesel fuel index for November (a measure of transportation).10:00 AM: Job Openings and Labor Turnover Survey for October from the BLS. This report has been showing a general increase in job openings, but very little turnover in the labor market.3:00 PM: Consumer Credit for October. The consensus is for a $1 billion decline in consumer credit.----- Wednesday, Dec 8th -----7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. This index declined sharply following the expiration of the tax credit, and the index has only recovered slightly recently.----- Thursday, Dec 9th -----8:30 AM: The initial weekly unemployment claims report will be released. The number of initial claims has been trending down over the last several weeks. The consensus is for a decrease to 425,000 from 436,000 last week (still high, but lower than earlier this year).10:00 AM: Monthly Wholesale Trade: Sales and Inventories for October. The consensus is 0.9% increase in inventories.12:00 PM: Q3 Flow of Funds Accounts from the Federal Reserve.----- Friday, Dec 10th -----8:30 AM: Trade Balance report for October from the Census Bureau. The consensus is for the U.S. trade deficit to be around $44 billion, the same level as in September.9:55 AM: Reuters/University of Mich Consumer Sentiment preliminary for December. The consensus is for a slight increase to 72.5 from 71.6 in November.After 4:00 PM: The FDIC might have a busy Friday afternoon ...
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Fibonacci Ratio Analysis with Abdel Ibrahim 12/02/10

Abdel Ibrahim, President and Founder of Ratiotrading.com, has been involved in the trading industry for over 10 years. In 2007, he launched RatioTrading, which focuses on Fibonacci Trading with discipline and specific rules. He’s often contacted to teach and train traders at Hedge Funds and Prop Firms. He’s also been seen doing workshops at the Traders Expos. Mr. Ibrahim has become what many people call, one of the best Fibonacci Traders around this day. His trading techniques are very simple with very clear rules for entries, stops, and targets. Mr. Ibrahim has garnered a loyal trading community due to his willingness to help traders move forward from inconsistent to consistent profitability. Mr. Ibrahim is often sharing his market analysis in his videos and also teaches students in his Trading Class.Link:http://www.stocktwits.tv/fibonacci-ratio-analysis-with-abdel-ibrahim/
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In his interview with Forbes, Julian Assange confirmed that the next Wikileaks dump is going to target big business.Obviously, we can barely contain ourselves.We don't know much, but we do know its a U.S bank, and we do know Assange thinks what he has could destroy at least two major financial insitutions.From Forbes:F: Is it a U.S. bank?JA: Yes, it’s a U.S. bank.F: One that still exists?JA: Yes, a big U.S. bank.F: The biggest U.S. bank?JA: No comment.F: So do you have very high impact corporate stuff to release then?JA: I mean, it could take down a bank or two.Full Interview:http://blogs.forbes.com/andygreenberg/2010/11/29/an-interview-with-wikileaks-julian-assange/
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hi folksbbmac/stewart macnab will talk about support/resistance and identifying potential support/resistancejamie"d has kindly got us a great venue at foley street.it is free.spaces are limited.should be a good talk/open discussionplease send a pm,if you would like to gofoley street is near charlotte street..nearest tube is Warren street..i think
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