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.

Market Strategy

The Dow is now poised to make a run for it and climb steeply, or begin a correction which could dip as low as the 7000 mark. It's unclear which way it will go as of this date, but something is about to break.
We gave the warning to sell before the last dip, and at this juncture are suggesting putting in buy stop above and sell stop below the current level to enter automatically.
Let's use this blog to discuss all things financial, and technical.