Thursday, November 19, 2009

Market Stuck in Overdrive....

Well, ARC, it must have been a pretty good day for the Mini traders. Personally I still can't find my back end if you know what I mean. Things are seemingly looking up for the Pre-Hybernation Bears... Oh, and sorry again about the Chart thing, I just must be stupid or something, but my ability to get a chart drawn for the blog is great..its getting the commentary on it?, so I make a copy and write my thoughts on it..then I try to scan it into my computer..no go...thats why I updated the drivers...no go...I just don't have time to F..with it right now but hopefully with the Holly days coming..I can give it another try...maybe I will go join stockcharts..its free..and somehow these guys get permission to use their charts online...A, do you know how they do that? Anywho..my thoughts of this rounding top seem to be trading out, so we need to retest this trend line low of somewhere between 1040=1030, that will give us a possible Head and shoulders set up. News today as most of you heard was absolutley terrible, yet they keep playing their cards on how much cash the co's are sitting on....thats fine, heck if you laid off an est. 18-25million people you would be a cash cow too..but what about the mtg's and retail...like I have told my fish bowl...hang on this could be a bumpy ride...momma isn't buying anything but new underwear for X-Mas for all her guppies....believe me they are not happy! The noose is tighter around their necks and they hate me right now, but my guppies are smarter than I am, they use me and put their paychecks in the Black gold, texas tea market like momma told them and they are now cash cows...they drive old clunkers like momma, and follow me faithfully to the thrift stores, and flea markets...their fish bowls are always full. I know that they will always be OK, no matter what happens in this big bad world.. Most of their portfolios look like this PGH, GLD, RTP,. Gold, miners and minerals, coal,nat.gas. PGH pays a dividend every month, foreign fees are taken out, but still compounding monthly is paying off for the guppies. GLD, has just been on a wonderful ride for them, and RTP, well, they will owe me for life on that one. But these are all long term holds for the gups, these will go up and down, and have , but in the end, these three will pay off compounding for years and the gups will be fine as long as they never touch it...the key..and I have pounded that into their pea brains is compounding dividends and India,china, Afica the last frontiers...Hopefully all the guppies that I have talked too and tried to mentor will learn just a few small things that will someday payoff for them. Some listen, some don't its OK, we all have to learn on our own or never learn as most of the guppies today just text their lives away.. communication...the last frontier...LOL...OK, lets see if this channel holds..tomorrow should be another down day...sorry for the lecture guys...later L>

1 comment:

  1. I am following L, A, I just been swamped. Talk soon.

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