Just as you wouldn't plant crops in the middle of winter, there are times when you are better off avoiding risk and waiting for the next economic expansion to come your way.
The markets know more than any individual. The markets leave clues, so observe what is going on and follow the flow of money.
I want to analyze what I am seeing and chronical my thoughts.
(for easier viewing, click each chart to enlarge it)
Feel free to contact me at nbcharts@yahoo.com
Thursday, November 5, 2009
Yesterday Was Ugly
If there were ever a chart set up to fail at the 50-day (Black Line), then this is it. Let’s see if the boys show up to defend the markets or trash them.
I think GE will be key today. Watch the $14.2 level closely if you own this one.
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