Jeff Pierce's  Instablog

Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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All About Trends
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  • The Market Is Always Right 0 comments
    Sep 5, 2012 3:16 PM | about stocks: SPY, QQQ, DIA

    All About Trends teaches traders how to earn consistant profits through daily market analysis, stock selections with entries/exits, and a complete trading methodology. We provide a free newsletter so you can sample our work. Below is an excerpt from today's premium update.

    "To him or her that hath no patience, patience will be taught by having to have patience."

    So for those of you who seek instant gratification (which means you have no patience) we just wanted to check in with you and see how being taught to have patience is working for you because that is what the market is doing right here - teaching patience to those with no patience. The market action as of late is an excellent example of the mechanics of reality with regards to the stock market hence "THE MARKET IS THE BOSS". Not me, nor you nor any other manager or service on the street has control over this. It's all about being in tandem with the BOSS. Control freaks need not apply right?

    "Patience is having to have patience when one can no longer be patient" ~Leonardo De Vinci

    As for the indexes? Same thing we said yesterday with only difference being we are in an orderly pullback or sideways BASE BUILDING range that gets bigger by the day (bigger the base bigger the break as they say) depending upon what index one looks at.

    (click to enlarge)

    (click to enlarge)

    Stocks: SPY, QQQ, DIA
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