Fuinhaz $SPY read for November 7, 2012

Differently from everyone, I still feel a huge disconnection from the market and the news. I know that the elections are significant to the market mood, but the charts don’t lie. If I was hidden in a cave in the Himalaya with my neighbor Yeti, and had no access to CNBC (thx God), and could only rely on my charts, I am 90% sure I would do well, and completely focus on the important factors of the market. I would still do a couple of mistakes along the way, but just by trading what I see and not what I think will always give an advantage.

Congratulations to Obama, I think that his vision towards the future of America will finally show at the end of this 4 more years that he got. If Romney had won, I would have to wish him the best too. As long as the president elected focus on what is important which is the people that put them in power instead of poking a lion with a short stick. With the Lion being the countries, religious beliefs, and basic material interest from foreign countries who cares less about the way we conduct our lives, then for me he is the best president for the nation.

Please don’t judge this post as if I know what is best for a country. But I have traveled a lot across the world, and I have been in a lot of places where people do not have a McDonalds or Walmart close to them. But do you know what? You can’t miss what you never had, and the memories I have from those places was of the people’s smile as they made me welcome, and that they made sure that I would never forget how happy they were.

$SPY 1st support is 141.37, 2nd support 140.86, and 3rd is 140.13.