Dave Landry

Join me Thursday, February 24th at 11:00 AM Eastern for Dave
Landry's The Week in Charts--a free interactive webinar.  Click
below to sign up.

https://www2.gotomeeting.com/register/710669610

Last week's recording is available on my website.

Amazon has free shipping today (some restrictions apply) on my new
book.  Use this link: 

http://tinyurl.com/2vo395r

Or, get the new book direct, fast, and with free shipping (US,
discounted Intl.) by using this link:

www.thelaymansguidetotradingstocks.com
 

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim022211/mim022211.html

Join me Thursday, February 17th at 11:00 AM Eastern for Dave
Landry's The Week in Charts--a free interactive webinar.  Click
below to sign up.

https://www2.gotomeeting.com/register/710669610

Housekeeping: If you're having trouble viewing prior webcasts,
download the codec from my website.

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Random Thoughts:

Based on recent projects, I have been studying the European equity
markets lately. So, my relaxing garage time yesterday was
interrupted by a slide in Europe. 

To coin an oxymoron, it's pretty ugly.

They got whacked and based on the futures, so will we. 

So what do you do? For the disciplined, look to implement a damage
control plan on the open. It's important to keep your head while
everyone else is losing their's. If it gaps open and quickly finds
its low, then stick with your positions. If it gaps lower (below
your stops) and keeps on going, then you have to bail. See my
website for articles on discretion and handing adverse gaps. Or,
read chapter 11 of The Layman's Guide To Trading Stocks. 

It doesn't look like the end of the world. If the market finds it
low fairly quickly, it will set up a bullish Trend Knockout (TKO)
in the indices. This is actually a healthy pattern since it shakes
out the nervous longs and attracts some eager shorts. These players
will be forced back in/to cover (respectively) should the
longer-term trend resume.

And, what if it doesn't? Well, we'll honor your stops and start
looking for shorts. 

For now, one day at a time and this could actually be a good thing. 

Check back often though!

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. Just ask the Lybians.

Information is provided for educational purposes only. 
See more disclaimers at www.davelandry.com