Quotes of the Day

The first step in the diagnosis of chronic cough is to rule out a pulmonary cause. [2014] - Jamie Koufman

Chinese Pandas, Austrian Philarmonics, and Australian Kangaroos, all of which can be bought at prices that will generally be less than four percent above raw gold prices in the market. [2008] - Shayne McGuire

You should be earmarking about 20% of your tax-sheltered assets for the purchase of an annuity at the point of retirement. Buying an annuity is not as effective a strategy as it used to be now that interest rates are so low. That can change, though. Don't even think about buying an indexed annuity. [2020] - Frederick Vettese

An ending diagonal is a special type of wave that occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast". A very small percentage of ending diagonals appear in the C wave position of A-B-C formations. In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement.A rising diagonal is bearish and is usually followed by a sharp decline retracing at least back to the level where it began. A falling diagonal by the same token is bullish, usually giving rise to an upward thrust.  [2001] - Robert Prechter

On day trades I like to find trades with a minimum of a 2:1 or 3:1 potential payoff, the higher the better. On long-term trades I look for at least a 5:1 reward/risk ratio. [2003] - Marcel Link