Dave Landry

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Got Dew?

THURSDAY, THURSDAY, THURSDAY! My most favorite day of the week.
Why? I'm glad you asked. It's chart show day.   Join me today,
Thursday, January 26th at 11:00 AM Eastern for Dave Landry's The
Week In Charts. Drink plenty of fluids, wear loose fitting clothes,
and bring your questions. The live show is free. And, it must be
good---because people often tell me that I'm good for nothing!

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Got Answers? 

Q: How do I improve my money and position management? 
A: See pages 154-158.  

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Got a Minute?  

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim012612/mim012612.html

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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:

Well, I thought for sure I'd jinx the market with my "you can't
keep a good market down" comment. Evidently, you can't keep a good
market down.

The market accelerated higher breaking out of its short-term
consolidation. This action has it pushing further and further into
overhead supply. If it keeps doing this, this supply will become
support. Today's TA101 was brought to you by Big Dave and the
letter P. 

Sooner or later the market will have to correct. And, again, the
nature of the next correction will be important. If the market
comes back in below its prior breakout levels (circa the January
lows) 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
entries, then honor your stops. I'm seeing some speculative "high
beta" type setups. I like these since they might be able to trade
independent of the overall market.  

Futures are firm pre-market.

Don't forget--call in sick---chart show at 11:00AM Eastern!

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