Thursday, November 29, 2012

The Daily Note - Chart Study $DJIA

No matter which chart you read, it is always good to look freshly upon it from time to time. When I do, all drawings, indicators and notes get removed and I stare at what I call a "Naked Chart". As with all things naked it can either look pleasant or ugly but one thing is for sure, more naked charts you view and study the better you'll recognize what you like.

So, after watching my Monday outlook, take a look at the outlook update for Friday.
Remember that even though you can see new things, once you know what to look for, draw it up all over again. You will probably come to the same conclusion as before unless events have changed the chart movement in an unusual way.

$DJIA Weekly Outlook for Week of 11/26/2012

$DJIA Outlook Update for Friday 11/30/2012

Not much to add, except that on the weekly it looks like a bear flag to me, so hold on ...
Hold On by Alabama Shakes on Grooveshark Happy Trading, Living and Dancing

©DayTrading with Anni 2012 All Rights Reserved

Monday, November 19, 2012

The Daily Note - Turkeys and All

***** First and foremost Happy Thanksgiving to every one in the USA and around the world. This holiday in my opinion is the most important because no matter where we are in life or planet, there is always something to be thankful for.

Always celebrate and be thankful for life because there is nothing more glorious than being alive. If you need to be convinced, just looking around should do it. Do you know of a single person or living being that does not fight for life? Next, look at your sky, sunny or grey it has something to offer for your well being, rain and sun are both cleansing.

Then, look around and quit thinking all things are harmful; even if they are, be it short, long, dirty or clean, you've survived them all. So celebrate your survival and be thankful to your smarts even though it may have been a divine intervention that guaranteed it. Then, yes, be thankful for a Creator; Universal or single, I doubt if God cares what you call Him/Her.

Lastly, don't forget to be thankful for the turkey on your table, after all, if Benjamin Franklin had his way it would be our National Bird, and you'd be eating a bald eagle instead. So thank that poor bird for being so ugly that our forefathers thought to pick a more majestic bird to fly alongside our flag.

I think, and it goes without saying that you should be always thankful for your family. No matter how near or far, be sure to be in touch in thought, at least, but a phone call would be better.

So, in thought and through this article, I wish for you a..

Happy Thanksgiving, Happy Family and Happy You
Be Thankful by Sarah Connor on Grooveshark

The Daily Pick - $DJIA weekly outlook published Sunday evening

©DayTrading with Anni 2012 All Rights Reserved

Tuesday, November 13, 2012

The Daily Note - $DJIA ~ Learning from History

***** The past always reflects to the future; it's a mirror. That is the reason I rely on history not only for understanding current events but also for mapping a possible future. If you have read my blogs for the past five years, you will see many references about this thought.

Often people mention learning from history but other than saying that it can repeat, we seldom hear about how we can apply the past to the present or future. It's true that the past often repeats, but if we stick to that alone, we will most definitely misjudge our future. The past never really repeats exactly the same way. Different thoughts, circumstances prevent the exact repetition. Despite that the result can most certainly be the same, but don't confuse the meaning of "same" either. In other words, the Zen quote of "I used to be different but now I am the same" comes to mind. We constantly strive to change and grow and enlighten, but as we do we realize that we are the same with a bit more insight into ourselves. Thus we get to know ourselves better and we take this new knowledge along with our past into the future.

Before I confuse you any further, take a look at the current chart of the DJIA and listen to my weekly outlook in order to get a better idea about what I am speaking.

Allow your vision of the charts to encompass all that occurred before and show where it could go; when you draw that line, it is called the "trend line". Observe that although it can trace away from the line for a while, it does not mean it won't return to it in much the same pattern as before. The difference perhaps is the level or the candles are not exactly the same but the outcome is.

So take the time to study the past in order to gain insight into your future and you won't be disappointed with the result. Just remember it's a mirror, a reflection, an ever dancing light.

J ohn L ennon by Watching the wheels on Grooveshark
Happy Trading, Living and Dancing

I use the past The Daily Pick - DJIA Weekly Outlook ©DayTrading with Anni 2012 All Rights Reserved -->