Courtesy of Read the Ticker.
NYSE magic number is 11,500 and we are not there yet! So things can get a little hairy at resistance.
The TRUMP PUMP may be coming to an end, expect a consolidation to allow the market to determine what to do next, or of course the next week FOMC could blow it all up.
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Investing Quote…
..”Money is made in tape reading [chart reading] by anticipating what is coming — not by waiting till it happens and going with the crowd”…
Richard D Wyckoff
…”The four most dangerous words in investing are ‘This time it’s different’ “…
John Templeton
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
..”A market is the combined behavior of thousands of people responding to information, misinformation and whim”..
Kenneth Chang
