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Thursday, October 30, 2008

S&P 500 day trading SP500 emini futures coach oct 31 online education

S&P 500 emini futures day trading education coach levels of support and resistance for October 30, with break outs, break downs, point of control from live day trading room.  Using the Money Maker Edge system. Trading live at Http://www.tradingonlinemadeEasy.com  SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.


S&P500 day trading coach SP500 emini futures GDP falls

S&P 500 had a rally, the Point of control 944.50 was great for trading both directions.

The Advanced GDP for the third quarter fell by a less than expected -0.3% vs. the consensus forecast of -0.5% as consumers slashed their spending by 3.1%, the quickest spending reduction in 28 years and first drop in spending in 17 years. Business spending declined by 1%. The inflation measuring Chain Deflator jumped to 4.2% from the second quarter's level of 1.1%, largely stoked by record high fuel costs when oil reached a peak of $147/barrel in the third quarter.

The contraction in economic activity in the third quarter is a sign we are headed into a recession although the second quarter GDP showed a gain of 2.8%. By definition, it takes two consecutive quarters of negative GDP growth for the economy to officially be deemed in recession.

S&P500 day trading emini futures coach

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