Response to iPad

Regarding politicians complaining that the iPad is destroying jobs, like libraries, bookstores and all book-related jobs--
Here's my response:
When Gutenberg first started printing books, the public was all up in arms because no one would use their memory any more. Up until that time books were handed down through generations of story tellers. Well, look where that got us. We are just now on the forefront of seeing what will come of the new innovations. Hooray!

Dow set for ride up to 13,000

The Dow Jones has been tinkering with the 12,000 mark and not doing much. It will probably do a little more backing and forthing at this level and then move on up to resistance at 13,000.

One more fast move up

One more fast move up is all we need to complete the run to the Attractor at 11,750. Once that is touched, it will probably turn back down until it reaches 10,740.
After that correction, it will be back to the small bull market again.
As soon as we hit 11,750, take cover for a few months on the sidelines.

Attractor at 11262 is going to be hit soon

This line of attraction we have been following for months, is just about ready to be hit. There's not much further to go. The Dow right now sits at 11062, and that 200 points can be easily made in a day.

My opinion is that it will make a sharp run above the attractor as it pushes through, followed by a retracement back down to 10769. After that happens, we will begin to see a serious move on upward as the stock market is now due for a true bull market move upward. Not a spike upward, mind you, but a market that "climbs the wall of worry."

The next attractor above the 11062 mark is at 11888 and it's a heavy one, with lots of resistance. Watch for moaning and wailing when we come to that level.

Bring It On, Folks

Let's get this thing going. As soon as I get 20 followers, I'll start posting each weekend.
When I get 100 followers I'll post daily.
Then you will have short-term trading advice straight from the TradeStation expert, and author of the new "TradeStation Made Easy!" to be released in January.
Want to read the first chapter? www.moneymentor.com/ and click on the link near the middle of the center page.

Dow Still Sitting Under 11262 Attractor

Dow (INDU) is still working on making its way up to the 11,200 - 11,300 level. It will get there soon. And probably make a quick move to do so. Once it does, watch for more downside action as the markets struggle with the Attractor, which will become resistance.
    It will take a few weeks for the markets to settle in and start treating the 11,200 level as support. When that happens, we will finally see a run for previous highs.
    Keep in mind that because of the prominent Head-and-Shoulders pattern on the monthly chart, we will probably see the Dow dip again into the 8,500 area and chop around between there and 11,000 for several years to come.
     Now is not the time to be playing the markets, unless you do it short-term, and are a seasoned pro.

Choppiness Abounds

The Dow still sits under the 11,397 Attractor, just chopping around sideways. This is not a good time to be trading this market. I still think the Dow will rise to the occasion and make its way on up to the Attractor. But, it needs to show its hand by breaking out to the upside through the resistance at 10,300.

It almost did just that today, with a valliant effort, moving up some 250 points from low to high. But, although it came close, it did not penetrate the barrier.

Watch closely for a false breakout, and then a quick move that might even be too fast to capture.

"Grading the Gurus" is coming along marvelously. I'm finding out the tricks in the guru's advertising, and the systems that do actually work.  Stay tuned.