and he spoke with bernard farouk and roger babson, who today would be called technical analysts or chartists, statistician, market oriented. he predicted in 1929 crash. of course, that was later on. so in the end there wasn't a lot of support for edison's plan. but edison said well, you know, the support was for the gold standard but somewhat weak. people said it's not perfect but it's what we know, it's what we've got and it's what we have had. edison row 20 people, when he set up and get back to my day job, i spend a couple of months intensively at this but i do get back to what i do well, but he said wait, he said in 30 years time my schema look much more attractive. and through the years economists from john mccain's to friederich hayek to john nash have all proposed some sort of commodity backed by. that doesn't necessarily make them right, make edison right. but it certainly opens up the purview that edison wasn't just this kooky guy, stumbling around in the dark. that with his inventive genius he may have had something to say about trying to stabilize perhaps if not prices, to stabili

chartists fear a regular head and shoulders formation because it's an indicator a stock is about to takeurn for a worse. but an inverse is just the opposite. it's a powerful technical indicator that a stock has bottomed and could be ready to run. however, this formation doesn't necessarily mean anything until the pattern is complete. so when mcdonald's broke out above what's known as the pattern's neckline, just last week, confirming that it's for real, ponce considered that an extremely bullish development right there. ponce thinks the momentum should take mcdonald's substantially higher. how high? he sees it going to $97, $98 in the not so distant future. next item in the homer simpson portfolio, doughnuts. why does ponce favor dunkin? jp morgan downgraded today. those guys got up on the wrong side of the keurig. last week they pulled back. blue, 50-day moving, then it rocketed higher. we have seen this happen a number of times since dunkin came public. every time the stock trades back to that 50-day moving average, it rebounds like crazy. and that makes ponce think this key moving ave

profsional and he okewith erokthed ak and roger batson who today would be called a technical analyst or chartist. he was a saw decision, he predicted the 1929 crash. ofpoor edison's plan,n. but edison said, well, you know, the support was for the gold standard but somewhat -- people said it's n perfect, but it's what we know, it's wha we've t, is wte' isroo f pe, subsequently said i'd better get back to my day job. i've spent a couple months intensively at this. i'd better get back to what i do well. but he said, youait. in 30 years'time, my sche llkch m aac. thh tye economists from friedrich hayek to john nash have all proposed some sort of commodity-backed monies. now, that doesn't necessarily make them right, make edison right, b it certainlypens e pewthissn is kooky guy stumblg around in the dark, that with his inventive genius he may have had something to say about trying to stabilize perhaps if fas' iesl now, the federal government ultimately ended up doing that, and so his lobbying effos in congress and behind scenes weren't really taken up further because the federal government ended up

they found the bird behind a chartist tree pit it was about 25 ft.ficials are hardly the word will be eventually released back into the wild carrot ysabel: , kron 4 we see the most openly gay couple ties the knot pit >> with one to take another live look outside. this looks like this san mateo and the clouds are lifting and the cray is turning to blue skies. >>marty: in massachusetts the openly day conference and and then i cannot give the 72 year-old congressman and a 42 your partner pictures imf i thing it's a great day to recognize a civil ceremony live and he and his partner has been together for some talmudic where >> this gives them the opportunity of the seven free to do >> some of the capitol hill counterparts as such as nancy pelosi. is retiring at the end of this term after 30 years that ysabel: asian americans are the los rapidly growing demographic picture >> my name is stanley hit i went to make sure that everyone is registered to vote here i live in alexander in my name is an add-on kit see as part of a crew to make sure that asian-amer

i'm not a chartist but i play like one when i have to.tom line -- if the question and answer to call resolves about crisis in europe or asia or anywhere else for that matter, be prepared for hammering this current quarter. if a stock goes down big after a quarter you think should be going up later on, remember that it may be the chart telling the tale and giving you a chance to get in cheaper than you might otherwise have a chance to do. now you are ready for the rest of earnings season, go get them. and tell them cramer sent you. dean in california, dean? coil h >> caller: welcome to beautiful marin county. it's beautiful here. listen, i check my stocks at the end of the day, usually you'll see a little blurb to news ned lines that says, for instance, a particular stock has a close or buy in balance at the end of the day and they will name the shares. what i want to know is what exactly do the close and buy and balances mean and do they have implications for the next day? >> no, no, do not worry about it. it's more distractions, a lot of