Monday, November 16, 2009

No trades today

OK. No trades today.

You know, after running through 200+ charts in the past hour, the impression I'm getting from the market is a crowd of people rushing around a room speed-dating. It just feels rather frenetic. There are a lot of oddball signals (or lack of signals) like that on DIA.

But, as rational private traders, we go where our charts and signals lead us. Trite analogies have no part in our strategy.

(But can add "speed dating is the enemy of profit" to my enemies of profit collection of aphorisms?)

No comments:

Post a Comment