The 3 most important rules in Real Estate are Location, Location, and Location but the 3 most important rules for investing or trading are Timing, Timing, and Timing
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Disclaimer All I can to do in this limited amount of space is breifly describe what I see in the market or a stock at a given point in time Outlooks or projections are purely speculative and can change materially at any time and without notice Nothing presented here is intended to be given as investment advice If you use any information presented here, you do so at your own risk
Saturday, October 17, 2009
Top SOON at least for the short term
From what I gather, the S&P may do well to break 1000 next week. I am not expecting much above that and will probably be below the 50% Retracement level I had been hoping for at around 1122 and by mid-week.
1/19/10 I meant to say a long time ago that if you want a link to your blog posted here, just say the word and I will do it. Just provide the link. Also, please feel free to post a link to my blog on your own. Let me know when you do so I can check it out. Thats all I ask. Jack
I am not here to try to pass on ideas for day trades, but do try to spot major turns in the market using classical TA while keeping up to date on the market fundamentals too. I am trying to learn EWT, but I like to see how the 2 methods compliment each other. I have learned that neither one is the best indicator of where the market is heading all the time, but used together they can be powerful tools.