03/10/11-Dave Landry's Newsletter--The Rest Of The Story
Sent Thursday, March 10, 2011
THURDAY, THURSDAY, THURSDAY!--my most favorite day of the week.
Why? Because it's chart show day. Join me today, March 10th 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'm going to focus mostly on the markets and try to keep the
lecture to a minimum this week. That way, no questions should go
unanswered.
I'm chillin the dew now.
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
Here is today's Market in a Minute:
http://www.tradingcommentary.com/mim/mim031011/mim031011.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:
The S&P was only off slightly but that didn't tell the whole story.
Many individual issues were hit hard, there were some debacle de
jours, and some sectors like the Semis got creamed.
It's not the end of the world, but as a Trend Following Moron in
bull mode (many say I'm always in "bull" mode), it is cause for
concern. So, we should bail out of everything? NO. As I preach, if
you bail out every time you take some heat, you'll never capture
any longer-term winners. For example, again, those who bailed back
in December missed a good ride.
I'm going to talk about the "take the heat thing" again this week
in the chart show.
Hope to see you there.
The internal weakness does mean that you should honor your stops on
existing positions, be very selective in new positions, and of
course, wait for entries on those. See the aforementioned Youtube
video if all this is new to you, watch as many webcasts as you can
stand, and if you get sick of all this free stuff--buy my new book!
Futures are weak pre-market but it's early.
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