Dave Landry

Got Answers? 

Q: How smart do you have to be to become a trader? 
A: See page 20. 

Use this link if your order through Amazon:

http://tinyurl.com/2vo395r

Cheap or broke? Contact your local library. Yes, libraries still
exist. 

Got Webinars?

Join me Thursday, January 26th at 11:00 AM Eastern for Dave
Landry's The Week In Charts. 

Go here to sign up:

https://www2.gotomeeting.com/register/988421218

We had a great show last week based on the feedback. If you missed
it, you can download it here: 

http://www.davelandry.com/wic/index.html

Got a Minute?  

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim012412/mim012412.html

Got Service?

Trading service with low introductory rate:

http://www.davelandry.com/shop/

Over 5 years of archives are available on that page too. 

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

I use MetaStock for all of my international work:

http://www.equis.com/davidlandry


Got Random Thoughts:

The fact that the market traded on both sides and then ended
unchanged suggests capitulation. And this, at overbought (and
supply) suggests that we're in for some corrective action. This is
what I told my peeps last night. 

And, the futures are down fairly hard pre-market.

The investor types are bullish and most of the trader types seem to
be betting on the market to fail. 

It'll be the nature of this correction that's important. If the
market comes back in below its prior breakout levels then as trend
followers, there's no trend to follow. If it has a minor correction
then goes back to climbing the wall of worry, then it's all good.

For now, stay picky on setups and wait for entries. If you do get
an entry, then honor your stops. 

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