charts/tape reading

The market doesn't care what I or anyone else says.
The market is the final authority of profits or losses.
That's why it's smart to listen closely to what the market has to say.

One way to look at is ignore noise (news) and focus on charts as the resistance/support/hammer/volume is how the market is saying what it wants to say.

Wednesday, November 9, 2011

PIIGS turmoil

PIIGS (Portugal, Italy, Ireland, Greece and Spain) turmoil seems to be accelerating. Markets got spooked again today. In all likelihood next couple of days will be down days. So I'll be looking to make some short-term covered calls soon. Stay tuned and stay in CASH!!
Posted by at 10:00 AM

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