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*****Yes, but not so fast. Yes, we did finally drop below the 13800 but then just listen to the rest of the view, for a fresh perspective. Like with cold wind up on the mountains, some may have caught cold. Truth being of course that a pullback is welcome and healthy for these markets, but if it catches pneumonia, watch out below.
Happy Trading, Living and Dancing
Anni
The Daily Pick - $DJIA $SPX $NDX Update
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Tuesday, February 26, 2013
Sunday, February 24, 2013
The Weekly Outlook - $DJIA $SPX $NDX Sway with Me
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***** Look at the video for the full story. It's more of the same until we hit that catalyst or until we get tired of waiting for one. As always it's best to sway to the rhythms and music of the day. Remember that you can dance staying in place and in fact some of the most moving dances take place in just a square feet of floor. Like the Rumba ... Sway with Me
Happy Trading, Living and Dancing
Anni
The Weekly Outlook- $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Happy Trading, Living and Dancing
Anni
The Weekly Outlook- $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Thursday, February 21, 2013
The Daily Note - $DJIA $SPX $NDX Panic Not Yet
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***** There is a lot of "fire and brimstone" talk on the streams about the markets but even with my pessimism about this economy, it's still not time to panic. All we have to do is take a more sober look at the charts of $DJIA $SPX $NDX for some realism. I have reviewed these charts over and over again an keep coming to the same conclusion.
Until the Fed. pulls the rug and admits how bad off we are, or some other serious threat surfaces, this market has strength. Does it need a pullback and a retest of certain areas? The answer is yes but, even with those tests, the strength will remain in my opinion until and unless there is realization that we've been duped or worse about our economy. After all, 14 trillion dollars worth of debt and counting is nothing to sneeze at yet it's not even considered on a daily basis. On the other hand, we, the people are convinced to be worried about a few billion dollars worth of budget cuts as if that will bring on Armageddon.
It is also true that we can be duped and still continue with strength because people en masse wish not to admit to being had and wish only to continue with the business of living. The QEs were a great way to cover up the reality of our debt and maybe avoided serious panic. True also is that most likely the current generations will be willing to endure this debt even longer. Often, sadly, it takes several new generations to wake up the living to how their predecessors were misled. One just never knows how much or how long a people are willing to endure their own self created suffering. Perhaps for as long as 75 years like with the USSR and let's face it, by that time we'll be gone.
So in conclusion, is it a serious threat? Yes. Is it time to panic yet? No. So push on through and let's just "Keep on Movin"
Happy Trading, Living and Dancing
Anni
The Daily Pick - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Until the Fed. pulls the rug and admits how bad off we are, or some other serious threat surfaces, this market has strength. Does it need a pullback and a retest of certain areas? The answer is yes but, even with those tests, the strength will remain in my opinion until and unless there is realization that we've been duped or worse about our economy. After all, 14 trillion dollars worth of debt and counting is nothing to sneeze at yet it's not even considered on a daily basis. On the other hand, we, the people are convinced to be worried about a few billion dollars worth of budget cuts as if that will bring on Armageddon.
It is also true that we can be duped and still continue with strength because people en masse wish not to admit to being had and wish only to continue with the business of living. The QEs were a great way to cover up the reality of our debt and maybe avoided serious panic. True also is that most likely the current generations will be willing to endure this debt even longer. Often, sadly, it takes several new generations to wake up the living to how their predecessors were misled. One just never knows how much or how long a people are willing to endure their own self created suffering. Perhaps for as long as 75 years like with the USSR and let's face it, by that time we'll be gone.
So in conclusion, is it a serious threat? Yes. Is it time to panic yet? No. So push on through and let's just "Keep on Movin"
Happy Trading, Living and Dancing
Anni
The Daily Pick - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
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