Year: 2009

Your broker looks like this? March 19

Hamilton

idi amin

It is always difficult to assess whether or not your broker and you are a good fit. Today I had a long lunch with a potential client who asked me a few questions on this matter and here are just some of the many observations that are worth sharing.

1. If your broker looks like the guy in the photo get rid of him immediately. The reason is obvious, he is not wearing his Canadian Securities Course diploma on his chest -  the ONLY “academic” requirement to become a member of this elite group – without it he /she may not be fully qualified.

2.If your broker does not speak to you- as in communicate- and likewise you do not either there may just be a little incompatibility of your respective personalities, move on as life is too short to have to endure such a burden for too long.

3.“Life is nothing but a competition to be the criminal rather than the victim”,Bertrand Russell .  Brokers , being salesmen first and foremost, are always eager to oblige in the former role, leaving you with the latter one. This is not how it should be, both parties should get a fair deal, there should be a reasonable balance between performance/effort and cost however that might be measured. 

 

to be continued.

S&P Where we are today, March 19

Hamilton

S&P March 19

Today is a big day according to Martin Armstrong, I will not go into the details as you can Google this and make up your own mind. In my, I should say in E-wave terms this is also an important point. As I have said earlier , about 800 is very critical to the outlook as this is where “ overlap” would occur  if we were to go higher. Now overlap, on purely empirical evidence, cannot occur except in a diagonal (shown in green).  this is either going to happen or it is not and if it does happen we are going to go much higher (at least 1000) If not we first go lower to about 630 to get to the 61.8% down level and only then do we go higher.

Canada may be at the same spot;

TSE March 19

It already has a “little”overlap.

CDV Com Dev March 12

Hamilton

CDV

Com Dev has a very rare “ expanding diagonal triangle” 5th wave to a low. They are always 5th waves and the always return to the origin, in this case $3,90. Unfortunately  I did not see this earlier but still it is worth doing. The stock can go higher than the min. !

Comdev