11/17/12 – Messages From StockCharts

FREQUENT MARKET MESSAGES

I write real-time market messages, which are found on the first chart on page 1 (chart #10.0), located at the following link MY CHARTS.

Some days I write several updates and others will find little activity.  Frequency is usually related to an uncertain market or an impending market bottom (or top).

These comments are akin to listening to me thinking out-loud.  Consequently, there is a lot of useless trash included in my rambling comments.  I don’t edit the messages once they are posted, so the useful and the useless are there for you to read.

To see what mischief I’m currently up to, read today’s messages at MY CHARTS.  My thoughts or viewpoints are often in a constant state of flux as we approach a bottom, so stay in touch at the chart link several times throughout the day.

To bad I don’t have a Flux Capacitor, otherwise my comments would be correct every time (“Back To The Future”).

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Always use STOPS.  They allow you to sleep better and make early decisions without stress or emotion.  Emotion is not your friend.

All times are Pacific time.

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BEGIN NEW WEEK
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11/17/12 – SAT

@16:30 – From Mike Burke:

“The market has been following the seasonal pattern quite closely and that pattern calls for a bottom right about now.  The market is as over sold as it has been at any time in the past year so the rally could be significant.”

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