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How To Get The Most Out Of Blue Channels

  
  Education
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I always mention that I “watch” Blue Channels  to see prices and major headlines…but I hardly ever “watch” with the volume on. I agree the information heard can leave a new trader scattered on their individual opinion vs. my opinion vs. an analysts opinion. Remember…THEY ARE ALL OPINIONS. We all know just how handy opinions are dating back to when we fired our stock brokers. So this post was intended to reach those who are worried about not understanding all the B.S that takes place on that channel. Don’t worry, you can still trade productively without it.

I have a great idea for you. In order to get the exact same effect that I get from watching Blue Channels try this…

Power of chart -Nothing else

  
Analysis, Education
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Know when problems can be resolved and then apply methods to solve them. That may mean giving up some control in order to gain a different control. It may mean changes in your personality, learning self-reliance, or giving up independence and ego to become part of a trading team.

Readers ,Just refresh yoru memory and see on 15th March ,I had written close below 337 will create panic and my target was of 283-265 level.

Click here to see

 

Today it kissed  283 level and now while updating its trading at 289.

No Magic ,No Miracle -Only Power of chart.

Updated at 13:48/29th March/Baroda

Job Losses Accelerate

  
Analysis, Education, US Market
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JobWanted

Good morning. The long-awaited jobs report is out and it came as worse than expected (as Goldman predicted). 263,000 jobs were lost and unemployment rate came in at 9.8%. Futures were trading lower ahead of the report and have stayed that way since.

Other news include the World Bank’s warning of a wobble ahead for the global economy, a strong dollar is very important to Geithner, Bernanke suggests a Board of Regulators, Meredith Whitney says small business credit crunch continues and Comcast & NBC are apparently in deal talksAt 10:AM we have Factory Orders for August and news of the Chicago Olympic Bid will also come out today between 12:30PM to 1:PM EST.

Already this fall I had expected and written to have cautious approach.Now just will watch S&P 500.Below 1031 will take to 1014-1009 level and there after retest of 991 level.

Will update more about DOW ,Nasdaq Compostite and S&P very shortly.

Iam personally Bearish for Stocks/Commodity from last 15 days and will not buy anything.

Technically Yours

Anirudh Sethi

 

 

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