Wednesday, September 3, 2008

Make or Break

SPX at 1265 is where all the vulture shorts are waiting. The 50dayMA is at 1272, we actually went below that today but bounced above it at the close. We probably will open below 1272 and possibly 1265. We may or may not bounce, but we are VERY OVERSOLD in the immediate short term.

My feeling is that we gonna gap down huge on Thursday. Where is SPX headed?

The commodities look pretty bad overall. They could get DECIMATED tomorrow if they don't bounce. If they bounce, FCX could close the gap at 90.





STOP! STOP THE INSANITY!


Want to stop throwing your money on all these money-sucking monthly membership trading service sites once and for all? How about all these $3000-$5000 weekend seminars that supposedly teach you how to make big money, and you still don't and you're back to square one. How about jumping from one trading service to the next and then to the next? It is very possible to stop all the insanity if you focus on the simple Beanieville System. Learning the "Big Picture" system first is so much more important than the specific trading methodology itself. When you get the big picture, everything else should follow.

This has been my experience, and I no longer subscribe to anybody's trading services. What would it feel like if you no longer have to depend on anyone for your trading? Are you really learning anything if you have to subscribe to someone's service month after month, year after year, with no end in sight? It has to stop somewhere, right?

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