AN EXCERPT:
There is a tremendous amount of negative news floating around, seemingly everywhere. This news-flow just happens to come at the exact time that the market is undergoing its first real corrective process since March of 2009. Because the market is dominated by computer algorithms whose job is to “run with the pack”, we keep getting these wild and wicked rallies and plunges.
When stepping back, the end result appears to be classic trading range being hammered out. The overall market is routinely swinging hundreds of points, back and forth, both scaring and confusing individual investors and professionals alike. It makes for harrowing and exhausting days for all active market participants. But there is a silver lining and I’ll get to that in a minute.
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Scott, Did you see I got the King of Peanut Gallery spot this month? If you get a chance I would love if you could peak at my stuff and point out any really stupid rookie mistakes in them if you have a chance???