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*****Since 2011 I've been continually tracking and writing about this possibility for $AAPL. When you are trading with a plan you know what your targets and goals are, when a shake out is possible your conviction about your plan gets tested. That is when your only job is to reassess your position and see if the pattern you have chosen to follow still follows you.
It is the only way your conviction will be confirmed. If you follow what others say without question, you may be thrown off your own plan. Remember, everyone has vision but only you have your "View to a Kill".
Happy Trading, Living and Dancing
Anni
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The Daily Outlook -
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Monday, March 4, 2013
Sunday, March 3, 2013
The Weekly Outlook - $DJIA $SPX $NDX Skyfall or Jubilation
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*****It is not a surprise that everyone who follows the market wants to "be there" at the new high. It is historical event and one can boast "I was there" when the Dow touches the sky. I suppose one could boast about a birth if you last entered these markets 9 months ago when the last conception started. One could quip when the time comes "champagne or cigar" in jubilation.
It will be like a long awaited birth if the market breaks out to a new high, indeed time for jubilation, but will the volume be there to keep it thrive or will it we witness a skyfall? I can make a case for both looking at the monthly chart. Indeed, I can make a case for a possibility of 15324 in fairly short order if, IF, the volume surges behind the new high; without it, I doubt if we can continue the enthusiasm.
No matter which way, we must remain vigilant about this birth and we must stand tall to face it all together since it is our creation.
Happy Trading, Living and Dancing
Anni
The Outlook - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
It will be like a long awaited birth if the market breaks out to a new high, indeed time for jubilation, but will the volume be there to keep it thrive or will it we witness a skyfall? I can make a case for both looking at the monthly chart. Indeed, I can make a case for a possibility of 15324 in fairly short order if, IF, the volume surges behind the new high; without it, I doubt if we can continue the enthusiasm.
No matter which way, we must remain vigilant about this birth and we must stand tall to face it all together since it is our creation.
Happy Trading, Living and Dancing
Anni
The Outlook - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Friday, March 1, 2013
The Daily Outlook - $DJIA $SPX $NDX Everybody Loves a Winner
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***** I think I said it all on the tape and certainly depicted in the song. Since everybody loves a winner, it is no surprise that jubilation sets in when we are so close to a new high. Our elected officials in government sure know this and are experts on knowing how to win our affection.
We can see that their success rate is rather high in these past years, so they will continue. Threats are pumped to make sure that when the magical agreement is reached we all breathe a sigh of relief and love them even more until...
Maybe just until we all finally admit to ourselves that all along it was just a scheme. A big giant joke of "gotcha" game. But by then, we have loved them too long to be able to just kick them out of bed. We've invested lots of time in believing their every utterance, given them the cloak of wisdom and we've become dependent on their generosity. To pack their bags and leave them go would require admitting that we've been wrong in our beliefs.
The problem of course is, that I know of no one who likes to admit that they've been "had" since that brings on the (a)lone factor. The fear of being alone and lonely is a powerful fear and the the need to be loved and liked is a powerful drive for which many will sacrifice anything and still end up with just a song to remember.
Happy Trading, Living and Dancing
Anni
The Daily Pick - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
We can see that their success rate is rather high in these past years, so they will continue. Threats are pumped to make sure that when the magical agreement is reached we all breathe a sigh of relief and love them even more until...
Maybe just until we all finally admit to ourselves that all along it was just a scheme. A big giant joke of "gotcha" game. But by then, we have loved them too long to be able to just kick them out of bed. We've invested lots of time in believing their every utterance, given them the cloak of wisdom and we've become dependent on their generosity. To pack their bags and leave them go would require admitting that we've been wrong in our beliefs.
The problem of course is, that I know of no one who likes to admit that they've been "had" since that brings on the (a)lone factor. The fear of being alone and lonely is a powerful fear and the the need to be loved and liked is a powerful drive for which many will sacrifice anything and still end up with just a song to remember.
Happy Trading, Living and Dancing
Anni
The Daily Pick - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
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