This entry was posted on Wednesday, January 27th, 2010 at 3:36 pm and is filed under Swing Trading, Investments. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
David and Vince discuss the current state of the market. David has heard going to 4000 and breaking out at the other end. Earnings will determine the size of the correction. Range of 15% to 20%. SP at 930. Example in 1990 was 38% correction from fear driven selling. Inflation may rise with rise in economy. You need a plan in place before the market moves. Vince highlights how important validating that your patterns still work. David reinforces how important risk management is when using your systems. Drawdowns can exceed 50%. At some point, you have to preserve your capital and profit. Be safe, make money. (mp3)
David reviews AAPL prospects for IPad. Feels like price still too high, will wait for next version. Probably not a major impact on revenue. Wireless phone service from ATT gets the once over. Lack of infrastructure seems to be the problem. Neural nets are highlighting ASIA. Forecast shows rise from $24 to $37. TIN(Temple Inland) is showing a possible entry in the next week. Rally to $22 within the next 2 weeks. Possible run to $27. Vince looking at DNR. David says wait for the momentum to turn. Review of last week’s picks. TAO fell apart because of interest rates. INFA may show another buy signal. TEF broke down as well. CNL and DUK are sloppy according to David. (mp3)
Winning number 367537
