Ed's wisdom.

"I prefer not to dwell on past situations.
I tend to cut bad trades as soon as
possible, forget them, and then move
on to new opportunities." - Ed Seykota 


I think it's an idea that could be applied not just to trading, but to all aspects of our lives.

30 min. view of SP-500

11/11/11

Markets gaped up and are steadily ticking up, very firm and strong action so far on
                                                    Remembrance Day

                                                  flowersgallery.net

Why not, nice reversal !

Check Monday's blog, there you can find ranges and/or targets and Tuesday's blog  where you have sentiment chart and a chart of S&P 500 to get better understanding and an insight of where we are at the moment. For most people at this juncture the best thing might be to be in cash.