Tape reading. I'm sitting here, reading the tape. A downward slide and fear. Why? I don't know, nor do I care to reason. The tape, the price is all that matters.
Oil is below $80. I would suggest this to be a better indicator than a 2% drop in the indices. Still, it matters nothing to me, as I just trade the tape.
Anyhow, my trading stock exhibited much strength, but still followed the downward path. I was caught in the typical pendulum thought process again.
Large upward trend in tact. I'm not dazed by it just yet. Therefore I am LONG into Friday.
No comments:
Post a Comment