Everything is impermanent

This is just a diary of my market views and not recommendation to buy or sell anything I mention here.

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Thursday, June 11, 2009

NDX, COMPQ hiting a very major R on life time charts

Life time RUT chart is approaching its R too.

Just included SPX life time chart too. looks to me that we are heading towards 300ish ultimately. channel was respected at the top, so it should be respected again at bottom.

Posted by Deej at 9:04 AM

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“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion.”

- Jesse Livermore

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