Business Magazine

Mid-Day Update

Posted on the 08 December 2011 by Phil's Stock World @philstockworld

Let the circus begin!  The EU circus that is. From here on out the rumblings out of the EU Summit are going to start to take center stage.  So what are we going to do different about it?  Nothing really, regardless of what is going on over thereWE ARE OVERBOUGHT from a daily chart perspective. You see folks off the August and October lows all we’ve done is trade our plan and plan our trades. Which really isn’t anything new around here for us. Our plan has been and will continue to be focused upon:

How Serious Are You About Accomplishing Your Goals And Are You Willing To Pay The Price And Do Whatever It Takes To Accomplish Those Goals? Regardless of what the market throws at you! When we said that it wasn’t just lip service, we meant it. Think Rocky Balboa’s mindset. What is interesting to note is that all the while we have been focused upon the above statement the EU  continues to burn and Washington still doesn’t get it.  But even in the face of all that we’ve stayed focused and honed in on what is important to us.  And that is the charts. Gaps and all regardless of what is going on in the world. We’ve said it in the past in one of our articles and that is: Eventually you get to a point where it doesn’t matter. You trade what you see not think hear or fear. That is where we are here at All About Trends.  We’ll be spending more time on this too in the coming weeks as the new year is fast approaching and if you sincerely want to make the most of it you might want to pay attention to what we have to say on the subject of "BE ALL THAT YOU CAN BE". In the meantime here are the index charts for the day starting with the daily chart frequencies.  Mid-Day Update  Mid-Day Update  60 minute time frequency charts that show both the bullish and bearish counts Mid-Day Update  Mid-Day Update 10 minute micro time frequency charts that hone in on  this current upleg off the Nov. lows.  Mid-Day Update  Mid-Day Update  Honestly regardless of what happens in the EU umpteenth



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