{"id":16942,"date":"2012-11-12T13:14:20","date_gmt":"2012-11-12T18:14:20","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=16942"},"modified":"2012-11-12T13:14:20","modified_gmt":"2012-11-12T18:14:20","slug":"catching-17-falling-knives-is-not-a-smart-idea","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/11\/catching-17-falling-knives-is-not-a-smart-idea\/","title":{"rendered":"Catching 17 falling knives is not a smart idea!"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1112\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/12\/1pm-udate.png\" alt=\"\" width=\"140\" height=\"161\" \/><\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November.<\/p>\n<p>Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. With 17 nations comprising the Euro Zone, we think it's going to be very difficult to catch all of these \"knives\" (countries) when they start falling.<\/p>\n<p>In the past four or five weeks we have seen the major equity markets all pullback, with the NASDAQ reaching a 61.8% Fibonacci correction level. The Dow and the S&amp;P 500 have both corrected by 50%, also a Fibonacci number, and we would not be surprised to see a bounce from current levels. Normally when you see corrections of this magnitude to key Fibonacci levels, you get a counter-trend bounce.<\/p>\n<p>The one thing I love about the markets, is that they really do tell a true picture of what's going on. That is why we, along with thousands of our MarketClub members around the world, are so confident that our Trade Triangle technology will keep us on the right side of the market.<!--more--><\/p>\n<p><span style=\"text-decoration: underline;\">BE PREPARED:<\/span><br \/>\nPay close attention to gold this week. A move over the $1,738 level will indicate that all is not well in the world, and that you should be buying gold to protect your purchasing power. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.<\/p>\n<p><span style=\"text-decoration: underline;\">1 STOCK TO BUY TODAY:<\/span><br \/>\nTITANIUM METALS <a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NYSE_TIE\" target=\"_blank\">(TIE)<\/a><\/p>\n<p><span style=\"text-decoration: underline;\">2 STOCKS TO EXIT TODAY:<\/span><br \/>\nAMERICAN ELECTRIC POWER <a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NYSE_AEP\" target=\"_blank\">(AEP)<\/a><br \/>\nSANDISK <a href=\"http:\/\/quotes.ino.com\/analysis\/trend\/tradersblogsymbols\/?symb=NASDAQ_SNDK\" target=\"_blank\">(SNDK)<\/a><\/p>\n<p>Now, let's go to the markets and see what our Trade Triangles are indicating.<\/p>\n<p>Have a great trading day,<br \/>\nAdam Hewison<br \/>\nFounder &amp; President INO.com and co-founder of MarketClub.com.<\/p>\n<p><strong><em> <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1112\" target=\"_blank\">Click Here to view today's video<\/a><br \/>\n<\/em><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November. Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. With 17 nations comprising the Euro [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4071,188,28,3839,310,1069,147,23,1768,307,294,2074,566,7947,4053],"class_list":["post-16942","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-adam-hewison","tag-crude-oil","tag-donchian-channel","tag-dow","tag-euro","tag-fibonacci-resistance","tag-gold","tag-marketclub-tips-talk","tag-precious-metals","tag-silver","tag-sp500","tag-trade-triangles","tag-trading-videos","tag-williamr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catching 17 falling knives is not a smart idea! - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2012\/11\/catching-17-falling-knives-is-not-a-smart-idea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Catching 17 falling knives is not a smart idea! - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November. Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. 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Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November. Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. 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