xjo survival guide to 2012 wednesday, page-3

Disco

Could have given you a very long list - including Rowan - but i reckon you got my drift....:)

BTW going/game to jump into LYC?

I reckon we're off to a false start based on the Golden Cross - been reading much about it (sorry too lazy to give the links in html format):

http://blogs.wsj.com/marketbeat/2011/12/21/golden-cross-may-not-be-bullish-for-stocks-technically-speaking/?mod=google_news_blog
‘Golden Cross’ May Not Be Bullish For Stocks, Technically Speaking

http://www.cnbc.com/id/45826608
Markets Near 'Golden Cross' But Is It a Good Sign?

http://www.cnbc.com/id/45826148
Golden Cross Pattern in Dow Signals Prosperous New Year

Personally I have to agree with this comment in one of the above articles:

While technical analysis often can prove effective in tracking market trends, it's provided limited help during 2011, a year in which traders reacted far more to headlines coming out of Europe and Washington than it did trend lines on charts.

"From a technical standpoint, that's something we do track," said Todd Schoenberger, managing director at LandColt Trading in Lewes, Del. "The problem with technical analysis right now is there are so many ancillary items that take place in the world now that move the markets.

"It doesn't matter what the 50-day moving average is on any specific stock. When we start thinking about anything taking place, especially in the euro zone, it's much more powerful than anything happening on the technical charts."

hey but heck what do I know? lol