17 February 2010

17 FEB 2010, Wednesday (Part 2)

  1. Zoomed in a little on the chart.  Had to so that you could see today...tiny, tiny, tiny!  Not much movement.
  2. For long term traders...ask yourself one question..."How queasy did that 9% drop make you feel?" If more than you liked, you've recovered half of that drop...perhaps consider lightening up on rallies and sit out for a little while.
  3. Nothing changes from yesterday...we're at somewhat of a "fork in the road" in my mind. I will be alert to whichever way it wants to go and be prepared to flip as quickly as necessary.

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