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YourPersonalTrader- Toronto Canada/ London UK
« DJIM #10, 2010 | Main | Not to get too complacent.. »
Tuesday
Mar092010

'On Strike'

Simply..today was a ‘strike day ' as both buyers and sellers took the day off following a busy week on many fronts.  Unfortunately,  it may be a yawner for the rest of week as catalysts are few and far between with no eco’ data/ EPS / political events on the U.S plate.   It’s a good thing as the market needs to digest the latest leg higher and for the Bears to try and muster up more scepticism on this 1 year anniversary from we called the “Mark of the Beast’ (SPX666) after the March 9th close.   The wrath of the “Bull’ is still upon the marked and tormented ‘ Bear’ to this day a year later.
 
Today was also an opportunity for an education day,  we either do some homework on potential plays looking forward or go back to see where we were a year ago and how we were thinking and handling the situation at hand. (Journal pages #25, 26).   It never hurts to refresh your trading methodology...