by Jon Anthony
Here is yesterdays headline, "Dow Ends Down 48 on Inflation Concerns Wednesday February 21, 8:14 pm ET". Inflation takes a while to set in and work its way through the economy. So, if we were so worried about inflation yesterday, why are the futures pointing to an up market today?
Stock Traders should take in all information and bounce that against their own internal scans and timing indicators. For example, what I see is every dip in the stock market is quickly being bought. This directly contradicts the headline above.
However, my indicators clearly show we are at a point where historically we sell off. I would expect the Stock Marketto begin to focus on the negative, instead of seeing things as a positive over the next few weeks.
You can bet other Wall Street pros are seeing the same thing, and will begin to protect profits.
Of course the press will tell you it's the Fed, its inflation, its what ever.
If you traded only when there is nothing to fear, you probably could make more money in a savings account.
Learn what to look for, and stick with that. Emotion is a money loser.--Jon
About the Author:
Jon Anthony is has been a successfull stock trader for over 10 yrs. If you are tired of the stock market taking your money, Jon is here to help. Get Jon's free stock picks for a limited time at TradeMechanic.com
Article Source: http://www.goarticles.com/cgi-bin/showa.cgi?C=413724
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