Here is the plan for this week………..
By Daniel at 29 November, 2009, 7:45 pm
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Monday - They will just rave over the shopping strength of friday and the weekend………and they will announce that the “consumer is back!”……….and, since the president has to give his “real downer” speech tuesday evening, against which he simply cannot have a dismal stock market backdrop………….the market will rally
Tuesday - They will rave over the shopping strength of cyber monday, and again, the strenght of the U.S. consumer, as well…………and, since the president has to have, well you get it, same rule as monday on the president’s speech………….the market will rally
p.s. It doesn’t matter if any of that stuff is true or not, it is just the hype value that counts…….
Wednesday - The “strong shopping/consumer” phenomenon will fade, and the reality of a real bummer of a costly (in all ways) tar-baby-war will set in………….the market may be up in the morning, but it will fade by the afternoon…………or in the alternative, it will just fade all day………..
Thursday - down
Friday - Geez, what do you want for free……………assessing friday is like assesing the market on some friday 5 weeks from now…………it is tooo far out there!!……LOL
As always, assess every day before the market opens, based on developments that could affect the market, and try to decide which event or news item will have the most impact that day. Try a test trade based on your assessment……………and adjust from there……..
All the best trading in the coming week!!!
- fishhook
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