Everybody goes to cash...
at one time or another in times like these;even the shorts. Good thoughts Steve. Maybe what we saw today was the big toe testing the water...who knows? Friday will be important and so will the PPI #s late next week or so...
biz.yahoo.com
I know one thing, if MSGI goes low again I might just pick up some traders for my second honeymoon account! Vienna, Florence, Western France...
Don't forget this excerpt from that nice RB Board link you posted a couple days ago ...5. THINK CONTRARIAN.
Warren Buffett says to be fearful when others are greedy, and to be greedy when others are afraid. By playing the opposite of the crowd, we anticipate where the crowd is likely to go next. Individuals are more mobile and more logical than crowds.
When investing, we must think contrarian, no matter what timeframe we have in mind -- years, months, weeks, days, hours, or minutes. This observation translates to the mantra, "Buy on dips, sell into strength." John Koisch adds, "But for God's sake, the trend is your friend <grin>."
Regards, John |
