If You Follow These, You’ll Do Just Fine
Emails Of The Day
I got quite a few of these:
“Your charts are upside
down.”
I had a few similar to the above but with the added
description:Â “dork”, “moron”, and “idiot.”
And, I got one of these:
“Your charts are upside down
dipshit!”
I intentionally turned my charts upside down in order to
make a point. Wall Street is full of perennial bulls. I wanted to show that the
charts looked great–but only if you turned them upside down.Â
On Thursday, the Nasdaq chopped back and forth. Â
Ditto for the Ps.Â
So what do we do? Now that I have my charts
“fixed”, follow the big blue arrows.Â
As far as setups, First Marblehead
(
FMD |
Quote |
Chart |
News |
PowerRating), in the weak
credit sector (and hey, what good is weak credit?), looks poised to resume its
slide out of a pullback.
Best of luck with your trading on Friday!
Dave Landry
P.S. Reminder: Protective stops on every trade!
P.P.S. My new 20-hour course is now shipping.
Click here for details.