Trading for the Masses

Full Circle

February 29, 2008 · No Comments

Once again this market tries to rally every time they know Uncle Ben touts the Fed doing everything it can to save the financial mess they created. Same old story, every time, build it up then when you realize the game plan hasn’t changed and is as busted as ever the market rolls right back over. Its almost like listening to W, does anyone listen to his rhetoric any longer after 7 years of the same old song and dance and nothing changes? Its a broken record folks and the market is trying to work through the perpetual bullshit the FED and the government keep slinging. I really think at some point in the future and finally start questioning PR and Rhetoric as just what it is and get down to the brass tacks. Anyways, the market did a full circle again this week as I had said early on Wednesday that I felt the 1380 to 1420 area was a sell, well we got as high @ 1390 and reversed em all the way back to Friday lows of 1325 where Gasporino saved the market for another week. How many more longs can be bagged? Well now the question is can they take em back below 1312 or will they turn around and burn the shorts next week. My game plan simple, be long above 1312 and short below!! That’s it have a great weekend!!

Anyways, Take some Medicine and Refuse to go Numb its Friday!!

Categories: Charts · Music · Stocks · Technical Analysis · Trading

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