Compliments my comrades and fellow stock trading masters. We might be at the start of another major bull rally.
I'm sorry?
How can that be with so many people being without a job, banks being closed down, and housing construction taking a double plunge to the downside?
Excellent question. It does seem ridiculous if you are a one-dimensional creature living in the here and now.
On the contrary you are greater than that. You were given this ability to visualize yourself trading in the future. This higher level of thinking is something that makes you different from other beasts and living organisms that can merely think in the present. While I confess it's not as great as Torchwood time travel, it is capable of making you a ton of money.
One of the most difficult concepts for amateur investors to grasp is that the stock market is the future of the economy anywhere from 3 to 9 months. In other terms, all the price action happening on the stock market at present is a gambit on where we think the economy will be 9 months from now. The stock market is yelling at us that in 9 months from the present, the jobless rate will be lower, banks will no longer be failing, and home construction will go back up. The earnings season that just ended confirmed that with 69% of all companies posting earnings increases YOY.
Last weekend I wrote regarding how, with the downtrend channel breakout, we do not know what new channel or chart pattern will appear as we don't have enough data yet. At the present with 1 week more of chart data, and zooming out on the chart to see the bigger chart pattern, a configuration jumps off the chart.
The S&P 500 has finished a Bullish Flag breakout.
Now short sellers and gold bugs will argue the Bullish Flag breakout and proclaim that not enough volume is there for this to be a applicable breakout but this is just not true. If you go back and study the previous Bullish Flag breakout we had on the S&P 500, you can see that the volume that has accompanied this breakout is over 24% greater!
The Bullish Flag did a great 38.2% Fibonacci retracement of the bull move that started in March of 2009. A 38.2% retracement is a common retracement for a uptrend.
I am upgrading the S&P 500, Nasdaq, and Dow to that of uptrend.
[youtube zw26xJ_S8nI]
Compliments my comrades and fellow stock trading masters. We might be at the start of another major bull rally.
I'm sorry?
How can that be with so many people being without a job, banks being closed down, and housing construction taking a double plunge to the downside?
Excellent question. It does seem ridiculous if you are a one-dimensional creature living in the here and now.
On the contrary you are greater than that. You were given this ability to visualize yourself trading in the future. This higher level of thinking is something that makes you different from other beasts and living organisms that can merely think in the present. While I confess it's not as great as Torchwood time travel, it is capable of making you a ton of money.
One of the most difficult concepts for amateur investors to grasp is that the stock market is the future of the economy anywhere from 3 to 9 months. In other terms, all the price action happening on the stock market at present is a gambit on where we think the economy will be 9 months from now. The stock market is yelling at us that in 9 months from the present, the jobless rate will be lower, banks will no longer be failing, and home construction will go back up. The earnings season that just ended confirmed that with 69% of all companies posting earnings increases YOY.
Last weekend I wrote regarding how, with the downtrend channel breakout, we do not know what new channel or chart pattern will appear as we don't have enough data yet. At the present with 1 week more of chart data, and zooming out on the chart to see the bigger chart pattern, a configuration jumps off the chart.
The S&P 500 has finished a Bullish Flag breakout.
Now short sellers and gold bugs will argue the Bullish Flag breakout and proclaim that not enough volume is there for this to be a applicable breakout but this is just not true. If you go back and study the previous Bullish Flag breakout we had on the S&P 500, you can see that the volume that has accompanied this breakout is over 24% greater!
The Bullish Flag did a great 38.2% Fibonacci retracement of the bull move that started in March of 2009. A 38.2% retracement is a common retracement for a uptrend.
I am upgrading the S&P 500, Nasdaq, and Dow to that of uptrend.
[youtube zw26xJ_S8nI]
Compliments my comrades and fellow stock trading masters. We might be at the start of another major bull rally.
I'm sorry?
How can that be with so many people being without a job, banks being closed down, and housing construction taking a double plunge to the downside?
Excellent question. It does seem ridiculous if you are a one-dimensional creature living in the here and now.
On the contrary you are greater than that. You were given this ability to visualize yourself trading in the future. This higher level of thinking is something that makes you different from other beasts and living organisms that can merely think in the present. While I confess it's not as great as Torchwood time travel, it is capable of making you a ton of money.
One of the most difficult concepts for amateur investors to grasp is that the stock market is the future of the economy anywhere from 3 to 9 months. In other terms, all the price action happening on the stock market at present is a gambit on where we think the economy will be 9 months from now. The stock market is yelling at us that in 9 months from the present, the jobless rate will be lower, banks will no longer be failing, and home construction will go back up. The earnings season that just ended confirmed that with 69% of all companies posting earnings increases YOY.
Last weekend I wrote regarding how, with the downtrend channel breakout, we do not know what new channel or chart pattern will appear as we don't have enough data yet. At the present with 1 week more of chart data, and zooming out on the chart to see the bigger chart pattern, a configuration jumps off the chart.
The S&P 500 has finished a Bullish Flag breakout.
Now short sellers and gold bugs will argue the Bullish Flag breakout and proclaim that not enough volume is there for this to be a applicable breakout but this is just not true. If you go back and study the previous Bullish Flag breakout we had on the S&P 500, you can see that the volume that has accompanied this breakout is over 24% greater!
The Bullish Flag did a great 38.2% Fibonacci retracement of the bull move that started in March of 2009. A 38.2% retracement is a common retracement for a uptrend.
I am upgrading the S&P 500, Nasdaq, and Dow to that of uptrend.
Stocks Above I Currently Hold In My Own Trading Account: Long LIFE
Guerilla Trader Quote
“Market monkeys often fall prey to herd mentality, following one another off the cliff into the abyss of losses. Our goal as market guerillas is to overcome the numerous obstacles that prevent us from being successful in stocks.”
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