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.
The Money Mentor at www.moneymentor.com is the web portal for education and technical analysis of the stock markets, forex, futures, mutual funds and all things financial.
Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts
Wednesday, September 1, 2010
Saturday, November 14, 2009
Time to Begin Again
It's time to begin this blog seriously. I haven't posted since the very beginning, but would like to develop a following and regularly post market commentary. Obviously I can't post all of "Sunny Side of the Street" for free, but I could post highlights. Can anybody comment as to what you'd like to see appear here? I'm thinking comments about day-trading the Forex GBPUSD would be interesting and it's certainly profitable. So, what do you think? Comments please.
Please note that the beginning post was sure timely. In fact the market did tank and go right for the 7000 mark, as predicted! Keep in touch.
-Sunny
Please note that the beginning post was sure timely. In fact the market did tank and go right for the 7000 mark, as predicted! Keep in touch.
-Sunny
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