Dave Landry

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01/17/12 Dave Landry's Newsletter: This Indicator Suggests That We Should Avoid Getting Aggressive Sent Tuesday, January 17, 2012
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Got Random Thoughts:

The indices sold off but did manage to close off of their worst
levels. Internally, the market looked okay--for the most part, just
some minor corrective action. 

The market remains overbought, right at short-term resistance, and
just below quite a bit of overhead supply. 

I'm seeing a few setups on both sides of the market (long and
short). 

I hate to be cliché but I think we're in a "stock pickers" market. 

Nothing has changed just yet. Avoid getting too aggressive while
the longer-term big arrow continues to point sideways. 

Futures are strong but coming off their best levels 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