"No man can become rich without himself enriching others"
Andrew Carnegie



Tuesday, August 9, 2011

One Day at a Time

Hello my Investors, Traders and Readers friends. I would not repeat to you the same thing must have heard, read and seen on the news.I think for anyone, right now, is no surprise that yesterday's fall was very important.That there is a lot of panic and distrust the future of the U.S. economy and the world in general. And possibly the bad economic news we keep coming.
I hope you have not had long positions in the market for many days and that their losses, if they had been very small.
I do not think it appropriate to try to guess what might happen in the future. In many (too many) times, the market has taken a different direction (counter) to the analysts, economists and gurus had predicted. There are many people today on TV and in newspapers, giving his opinion on the possible future of our economy.
I am of the opinion, that based on how often moves the market, we can be ready to take the benefits it offers. Consider: Taking a long position in the market right now is very risky. But taking a short position... so is.
As I have been saying for several days, I think we should expect that the market for a new signal. But we must be ready to react quickly to that signal.
A clear fact is that the market has fallen too much too quickly. Usually when this happens, the market bounces for a few days and reaches a level of resistance. Thereit can happen that break the resistance level and continue up or resume the way down(which is most likely). If you can move quickly and take grater risks, may be willing to take long positions early. However, opportunities usually arise when the market reaches the level of resistance (eg SMA50 days). If the market reaches this level and turns, are likely to present great opportunities for trade.
This requires patience and determination. Please wait a little longer.




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