|
Monaco, In the past, the intraday reversal would be considered huge and the buy the dipsters would go in on the cheap, pick up the stock they want, go off on the yellow brick road to the land of oz and watch the stock rocket into orbit lighting up the sky with nice electrifying paper profits. Furthermore, you would have three, four or five days in a row where the market would have follow thru and continue to go up. But now, the rules of the game have changed. Now you have daily reversals, and hourly reversals that only the nimble trader can take full and immediate gratification of. To be sure, we may see some good positive carryover tomorrow, but how long will it last? There are still pleny of good stocks to buy and hold in here for the long haul. Some are AHP, CPQ, SLB, KMB, MO just to name a few. It is very easy to get caught up in this emotional rollercoaster in the investment world. I often do myself. But keep your eye on the prize which is ultimately financial independence, and the rewards of investing in the market in good quality companies will be yours for the taking. OFF TOPIC: I'm taking my wife out to dinner. It is our 8th anniversary and I am happy as a lark. Good trading. JT |
