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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (51580)	6/8/2013 10:39:02 AM
From: Fintas	Respond to of 220692

Although I love TA I learned long ago to look deeper. That is why I have spent years looking at more than FA. FA is a basic. If it doesn't have FA then at least understand the risks. Who remembers Cabbage Patch.. OR TASER.. CROCS. KRISPY KREME..Although I am about to look at them. I like the CEO. When you can respect a CEO then that helps with the noise. It also helps with staying the course re a LONG. JOBS was terrific. Unfortunately he passed too soon. You are doing fine re your TA. Where you have a weak spot is timelines. Meaning it's ok to be negative or positive but try to not overshoot the time. I'm very positive re BAC. Yet I'm expecting 11's. NOT because I'm not positive but I understand DODD/FRANK and the politics as well as $$$$$$. As a result the reason I've sold cc's aka covered calls. Going forward most do not understand we are being sold a bill of goods from the money guys with their buy buy buy.. They are pushing their agenda and want each other to buy into it while setting up J6P. TA can help one understand an equity is to high or an index. Here and now many are paying for 2015 turnaround that is yet to be known. As we move along and it's realized it's still a jungle out there we will see FA kick in and that will result in many taking profits to let the indexes settle down. We are now hearing the sane voices suggesting 1550 for a pull back. At some point the realists will kick in with the lower numbers. Reality is last month we 7.6 is NOT a good print re unemployment. NOR is 175k for jobs. NOR is a FED holding peddle to the metal. SOON it will not be when will they taper to why the heck are't they tapering. NOT because things look much better but because someone understand ya just don't keep raising the line of credit in hopes that more money will help you spend your way out of it. In our case more money is going to require MORE MONEY to PAY FOR IT. Have a good one. And stay VIGILANT. Fintas