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. 

What I learned from George Soros.

"The worse a situation becomes the less it
takes to turn it around, the bigger the upside."
Think about it !