Wednesday, June 20, 2012

Nothing Changed

Another day, more frustration for bears. Follow the path of maximum pain. Turn your TV on (the only time I would want you to) and listen to "I am 100% in cash" traders. Those are the bears who got out of the way. Then sell to them and those who are still in the way, as they pile in on the approach of SPX 1375 - 1400, in fear of totally missing the rally.

Check your charts, your dashboard. No, no, not what you wish for, but the actual information that is in front of you. Force nothing, trade what you see. Change your mind only when presented with new facts.

This is not so hard, not as hard as you think it is...

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