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Touche! :D:D:D

I was going through an old presentation (from 2010) and I had a slide on "Awareness" and whether you're being honest with yourself and whether you can handle the truth. I had written some notes on the slide which were as follows: A major problem for some traders is a flawed strategy. The flawed...

"It's not about the money. It's about the game. The game between people. And that's all it is." -- Gordon Gekko

FWIW, assuming we close up for the month, then the January Barometer (Stock Trader's Almanac) suggests that S&P 500 finishes up for the year (with 83.3% accuracy). This in addition to the other cyclical indicators I cited earlier this month. Just putting that out there.

Just remember, the bear case is always the most logical.

That 4055 area seems to be ST support right now. And 4030 may be the new line in the sand. Market may need to work off some ST "overboughtness" -- remember, overbought can be worked off through PRICE and/OR TIME. Let's see what happens today. Keep coming across lots of people talking about...

@Buy1Sell2 has been all over this.

Love your name!

Correct -- the initial move or even current price action may be irrelevant to the direction of the market later in the day.

That is a pretty bold statement for someone who has no idea of the assets in the estate or the beneficiaries.

FWIW, average gain in the Dow from mid-term low to pre-election year high is just under 50%.

I'm in same boat -- I don't look at volume, except as a breadth-related indicator (i.e., advancing volume, etc.).

Still HODLing.

Pretty much what he said. Make sure everything is cleared with the estate attorney so you can appropriately transfer.

Yes -- and given the $ he supposedly managed, being able to do that using options was another red flag, especially given that no one in the options industry had ever acknowledged doing trades with him.

Although a slightly different approach, my weekly indicator signals are most triumphant (Excellent!) and given that they are suggesting that we are up on the week, then I want to stay long regardless of my ST signals. Your approach tends to be more of a confirmation approach where mine tends to...

Well, my ST cycles are down hard tomorrow but then turn up hard for Friday (and VX cycles are exactly the opposite). I don't trade on those alone but just putting that out there in case it happens that way. I still expect to be up on the week so I'm still long.

By the way, zoom out and you'll see today tested the 50-day SMA and the Tenkan line.

I thought it was all ball bearings. Let's see who gets that one!

Here is what this looks like when you zoom out a bit. That 3900 or so area remains a key level. We'll see what happens!