THE DOT - if this turns orange or red be alert

Tuesday, December 28, 2010

brainstorming tuesday

1. I was dead wrong on the Kindle I have to admit as I assumed the IPAD would be a Kindle killer - but the affluent US consumer loves his gadgets and he wants them all. Probably the new kid and teen generation never enough toys they can own to be hip or cool.

excerpt

Amazon Kindle sales strong, but many buyers already own Apple's iPad

By Katie Marsal

Published: 09:10 AM EST

Amazon this week said the latest version of its Kindle e-reader has been its best-selling ever, while "many" buyers also own a touchscreen tablet like Apple's iPad.

In a press release this week, Amazon said that the third-generation Kindle is now the best-selling product in the online retailer's history. The Kindle surpassed the book "Harry Potter and the Deathly Hallows" to take the top spot.

2. As Mars is about making an exact square to Saturn tomorrow markets are doing a sideways consolidation but we still will have to make weekly 13s for the DOW and NDX and therefor need new highs after Wednesday til first week Jan it will happen. Some may have heard about Gann one of the master traders of the last century who claimed all knowledge can be gained from the bible when it comes to timing said that all 100 years things repeat- well 101 years ago we had a crash very similar to our recent one in DOW terms. 1907 we had a crash of roughly 50% followed by 2 strong years with also almost the same upside performance as we had now. 1910 the market went down 25% in a definite down year. Our crash was 2008 and therefore the down-year should be 2011 this time with the same magnitude. Later today I will put up a yearly 110 year DOW chart so you can see for yourself.

No comments:

About Me

I am a professional independent trader