01/18/12 Dave Landry's Newsletter: Better Than A Poke In The Eye But Not Enough To Start Kissing Each Other
Sent Wednesday, January 18, 2012
Got Answers?
Q: How should I incorporate volume into my analysis?
A: See page 115.
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Got Random Thoughts:
The indices started strong but quickly found their highs and came
back in. The Ps and Quack did manage to close over 1/3% and ½%
higher respectively. Better than a poke in the eye for the longs I
suppose.
Not much has changed. The market remains overbought, right at
short-term resistance, and just below quite a bit of overhead
supply. I know, rinse and repeat recent commentaries.
I'm still seeing a few setups on both sides of the market (long and
short).
Remain selective and don't bet the farm.
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.
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