| 3 Reasons to Stay Long and Strong |
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| March 11, 2008 |
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“3 Reasons to Stay Long and Strong”
Every day—until the day we hit new highs (or until I run out)—I’ve been giving my Trending123 subscribers reasons to remain long in this market.
As I’ve told them again and again, I know it’s hard to stay positive when the market is as volatile as this is. Not to mention the fact that practically every second we’re awake, there is more bad news coming out of the tube!
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In last week’s edition of Trade Talk Weekly, I spoke about the current market’s trajectory and how the major indexes are following a somewhat predictable uptrend line.
Today, I want to feature a pattern that many of our stocks are in. Now, if you don’t know much about trending, patterns are our bread and butter. There are thousands of patterns that are identifiable within the charts. But there are a handful of common patterns that we pay particular attention to here at Trending123.
Why? Well, because these are the patterns that “give away” the ending. Translation: they tell us what the market is up to! And currently, I am seeing a Continuation Wedge pattern that has formed in many of our stocks. Here is what it looks like:
The horns are revved up—this pattern is a lock on all things bullish! Click here to find out how this pattern works—and why it is telling us that many stocks will soon break out to the north. |
But there is an upside coming and that’s why we have to stick to our guns and remain patient. The day is coming, I’m certain of it!
Now, let me tell you some specific reasons to keep long and strong in this market:
- We have 30+ years of being above the current trend line. It held on volume. No matter what happens, the bears can’t seem to take the uptrend line down—not on any of the charts: the monthly, the weekly or the daily!
- If you were to look at the chart that shows the ratio of the QQQQ to the S&P 500, you would see what I’m seeing! Miracles are happening here people! The ratio chart is starting to break out of the falling wedge pattern that it has been in.
- Possibly the best reason! We—at Trending123—are in really good stocks. Now that doesn’t mean that everyday is a cakewalk or anything. But not one of the indicators or oscillators is bearish in any of our stocks.
Momentum stocks are going to start working soon. In fact, many of them began breaking out this morning. As of this writing FXI was up $9/share, BIDU was up $10/share and ETFs like UYG were up 10% per share!
Stocks will continue to move 10, 15, 20 dollars per day. If for some reason you cannot handle this type of volatility, then by all means, take today to get out. Pack up your stocks and leave quickly.
HOWEVER—for those of you who can hang on, the ride might be bumpy but the ending will be well worth it.
I plan on making A LOT of money. If you share the same yearning for profits, then by all means, join me now!
Sincerely,
John Lansing
Trending123
P.S. Follow fast profits by following the trends! Join Trending123 now for the profits we expect to add to our long list of gains . Just in January, we managed a healthy bunch of gains from Sigma Designs (19.23% gains in 6 days), Market Vectors Steel ETF (23.36% gains in 18 days), an ultra-short oil & gas fund (40.73% gains in 18 days) and an obscure Russian mining company (22.71% gains in 18 days)!
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