Dave Landry

Join me Thursday, March 17th at 11:00 AM Eastern for Dave Landry's
The Week in Charts--a free interactive webinar (and several have
said that it's worth the price!).  Click below to sign up.

https://www2.gotomeeting.com/register/710669610

I was too busy dealing with the markets yesterday to process the
recording. I should have it posted to my website later today. 

Got THE book?

Amazon has free shipping today (some restrictions apply) on my new
book.  Use this link: 

http://tinyurl.com/2vo395r

Not sure how all this works? Watch this intro video:

http://www.youtube.com/watch?v=_QsYImR0YTg

Got a Minute?

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim031111/mim031111.html

Got Charts?

I use Telechart Platinum for all my US equity charting and
scanning.  Use this link for a free 14-day trial. Email me if you
would like my exact scans. 

http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136

Random Thoughts:

Yuck. The Ps, and everything else for that matter, were creamed
yesterday. This action puts them just below the 50-day moving
average and right at their recent lows. This is the inflection
point that I have been talking about lately. It's not the end of
the world, but any additional weakness would be concerning. 

When a market reaches an inflection point like this, it's important
for it to turn right back up. This type of action catches the eager
shorts off guard and it doesn't give nervous longs time to think
about dumping. 

As usual, one day at a time. One or two big up days would make all
the difference in the world. And, I reiterate, any additional
weakness at these levels would be concerning. 

So, should we bail? No, as usual, let the market make your
decisions for you. Honor your stops. If the market takes you out,
so be it. This is the price you pay to play. Yes, Elizabeth, this
might be the big one but if you bail at ever sign of adversity,
you'll never capture a longer-term trend. 

Futures are flat to soft pre-market.

Best of luck with your trading today! 

Dave

Questions? Comments?  Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993. 

Disclaimer:

All predictions are about the future. A lot of $#*!  can happen
between now and then. 

Information is provided for educational purposes only. 
See more disclaimers at www.davelandry.com