Inside technicals and chart patterns by 
(This is pertinent to any market trader!)
My mom had just come back from Miami where she likes to shop for beads.
She makes beaded jewelry, much of which I wear and give as gifts, and
she handed me a small green jade blob.
Now realize the charts looked like it had fallen off the wrong side of the mountain and was down almost 200 points that session.
My mom always get phone calls from friends and family asking “What is
Raghee doing with this down market?” Her reply is the usually “she’s
short” or “she’s buying stocks that are on sale”. My mom has been
listening to me talk about the markets since I was 17 and a lot of it
has stuck with her. Every now and then I will look at my investments
and hey I’m human, it can bring you down. Luckily I snap out of it
pretty quickly and get to work, finding opportunities. For cryin’ out
loud: That’s my JOB!
I think she may have noticed that my “snapping out of it” was taking
a little longer and being a mom, did what she does best: Tell me
exactly what I need to hear.
“Even bears eat”.
She puts this small green blob of jade on my desk. I hadn’t quite
realized what it was or really what the heck she was talking about.
Apparently my expression said much and she repeated, “Even bears eat”.
And she walked out of the room. I’m shaking my head and finally the
small green jade blog came into focus.
Yup, once again, mom was right.
Are you looking for opportunity as the Dow sinks? Are you looking at the stocks, you “wish list stocks” that you want to own?
The financial sector is like an out-going tide right now bringing
everything lower but there are companies that are worth buying and they
are on sale.
- Raghee