Summary
Welcome to Edition 12 of the Boom Bust Bulletin (BBB)! This completes the first full year of the BBB. We have come “full circle” if you know what I mean. But while you have come a long way to this point, there is much further to travel along the road to understanding the cycle. With that in mind, I want to speak about one of the most important markets in the world this month. Not the lan…
Key Claims
- (Claims to be extracted on detailed review)
Mex Pete References
This BBB contains 1 references to the Mex Pete / Mexican Pete pattern.
Reference 1
…stock watch list company Qualcomm is a breakout play. Gann was a renowned expert in both identifying such setups and explaining how to enter and exit them for maximum profit. In his 1923 book Truth of the Stock Tape in Chapter 12 ‘Habits of stocks’ he explained this setup by using the example of Mexican Pete (shorthand for Mexican Petroleum), a listed oil stock in 1923. It was a particularly strong breakout setup. Gann explained using Mexican Pete how a narrowing range of accumulation can then break out to the upside. 16 © Property Share Market Economics He then guided readers on how best to trade…
Notable Quotes
“With that in mind, I want to speak about one of the most important markets in the world this month.”
“Not the land market (which is the biggest and most important) but the bond market.”
”• Investing with the cycle Remember, you can always contact me via my email address darren@ propertysharemarketeconomics.com with your questions, queries, and feedback.”
“And our study of history shows that the US economy is never in recession when the yield curve looks like this.”