DOH!!!
Joe Teranova is buying th financial bellweathers on the dips. Dollar has strengthened. For some reason the "Fast money Lunch report" is roughly 4 random schmoes... with Gartman and teranova... Who I refuse to comment about... Besides "Do you have a lot of luck trading with Teranova?"
which doesn't mean he will be wrong.
I may just ignore all this nonsense and go run, or work on my yard.... Get a nice Vitamin E Overdose.
there is a decent risk reward here to the upside, Nice cup/Accumulation here. I also think Every bear jumped on this this morning.
I also noticed Upside trader, is going Premium... I keep dying to know why you people pay money to that kind of person.
The interesting thought I had is that.... Well what if we sold off for this week, and just Reversed. That would certainly, Finally break the backbone of the Bears, and put the bulls on Cloud 9.
Monday, April 20, 2009
LOL.... It's tough to care
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We are comfortably below S3 of 84.69. A/D line is worsening.
Next stop is 82.29 (23% retrace.)
CNBC drives me nuts. The pb is all about some obscure "cause". Because some analyst said this or some administration official said that. Obama is constipated so the banks are down 9%.
A pb to 23% or even 38% (79.44) would not only be expected, but healthy.
Upside going premium and Alphatrends, too!! Not sure what the value-add is on those sites, altho I did learn quite a bit from Brian. If his videos go away, I'm sure I'll muddle through.
I'm still not engaged in the market, Very much wishing, the order I put in on friday had gone through.
I'm still curious if we can get a move off this 83.75 low.. But we may need panic to get a turn around.
to be honest... I feel very disengaged, and am enjoying it too much.
Well, I guess that is it, no more helping Alpha when he is massively wrong.
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