Newsletter-09-18-08
Tradingourway
Volume 2, Issue 8 Sept 19, 2008		 Tradingourway Logo
Up-Coming events:

At the moment we are putting plans in place to hold a seminar in the the Tampa,FL area. Some may remember we had proposed a mid-October time frame. However, due to many events this Summer, we have decided to wait until early in 2009 either Mid-January or Mid-February.
You can  Check out the Seminar Topics  Those signing up early will receive a discount. 
You can Sign up now   you won't be billed until your attendance is confirmed.

I recently sent out a survey to gather input on the seminar needs and pricing. I apparently did not make it clear that everyone is welcome to complete the survey whether or not you ever plan to attend our of our seminars.

Everyone's opinions are important to us. Please help us by taking our latest survey. It should only take about 3 minutes. The more traders/investors that complete the survey the better we are able to provide detailed and useful seminar content.  So please, feel free, to take the survey and help us understand traders/investors needs.
Just click below
Start Survey... 

 
Previous Issue:
 
I stated the DJ-30 will find the "Downside Target zone" during the summer of 2008.  

 This Issue:
 
Now we all know that was a little understated. The Housing slowdown has created the worse financial crisis in 30 years or more. It doesn't help that the rest of our economy is having its own problems. Not one single major industry has been positive  over the last 5 day period and only specialty retailing has been positive in the last 30 days, see the chart below.

Major Industry groups 

It is amazing how rumors turn the market. Two things reportedly caused the big swing today starting around 1:15pm.
  1. United Kingdom  - band short selling of all stocks until mid-January, rumors are the US may be considering the same.
  2. Today's market rally got a real push from CNBC reporting - Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis,  
The DOW 30 industrials continues to show way to much volatility for most traders to record consist results without day trading. Most swing traders and investors should stay on the sidelines until the financial situation has been quited somewhat better. Remember "CASH" is a position, too.

Having said that, it looks like the Dow may have bottomed. But! heck, I thought the samething 2 days ago. If you are a bottom-fisher, then now is a good spot to try your luck because it sure ain't skill. As no-one can predict the bottom. My suggestions is patience. Wait for it to turn. 

\DOW may haqve bottom

 
  
Previously, I talked about a fire sale for the RAMP program. Well, Andy's at it again for $99 you can get RAMP and install it on all your computers.  
Summary:

As always I want to hear your thoughts on the subject. Please, feel free to send an email with your suggestions, complaints, and comments to    kermitp@tradingourway.com  
 
Thank You, for taking the time to read our newsletter and good trading,
 
           Kermit Prather