Tuesday, February 9, 2010

Who Are You Angry With

From market movements yesterday we saw theoretical highs of 10,078, and by 3.15 lows of 9914. As you review our Dow projections you should see the pattern.

There are patterns: the USD looks overbought, and Gold seems tied to the dollar. Chartists see and ABC correction for GLD. Oil flirted with support lines. Something needs to break.

Study the market to know how it breathes. Know what intelligent people, and what the masses, are thinking.

Here's an example of intelligence:

http://www.time.com/time/nation/article/0,8599,1959029,00.html

Who does he influence?

Does Goldman really run the country?

http://www.huffingtonpost.com/2010/02/06/goldman-sachs-helped-push_n_452257.html

Who are you angry with? How could that be affecting your trading?

Do any of us, from Tea Partiers, to liberals, to conservatives, understand that our own government has frozen itself in paralysis, with Obama's left being trampled by a plan by the GOP systematically, we accomplish nothing again?

And if the Tea Partiers took over the country, like the Obama "change agents" that voted, will they too see their leaders caught up in a Washington insider circle of greed, that many do not even know how this FUBAR (key words) that is the Washington monster it appears really that no one wins, and no one can ever agree to even work together.

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