Today’s focus is solely on the closes. These are the #’s
which we will use to measure 2011. While you’re having
that double Bloody, hoping to soothe your aching hangover,
all the little technician elves will be up preparing for the new year.
We’ve seen some very big directional moves this past qtr. in many instruments.
Typically the running of the Lemmings will continue into today’s close. Then the game
is afoot for next week/next year. Will new money push and sustain direction in the new year
or will we see profit taking?
Decisions will have to be made about specific trades.
For example: many of you are long REE…
This was the Rare Earths call by John Thomas,http://madhedgefundtrader.com/,
Who has an uncanny ability to see the next smoking hot sector.
He has been on fire all year!
This bad boy rallied 70% just this week and there could be more coming.
Your dream entry would be in the low 12 area.
