Friday, March 02, 2007

Another Weak Day

Looks like we ended near the lows of the day. In the media as well as for technicians this is seen as bad news for the bulls. This however needs to be tested as the media seems to be focused on the last move at every point in time and that it turns tends you to lean at the wrong direction in every turn. In addition to this the media has a history of repeating market myths and nothing stops you from taking advantage from this if you are an independent thinker. Even though I know that the day the turn-around comes I will regret that I am not even more exposed it always has to be put in relation to the amount of pain you can handle. I am historically a seasoned pain-taker and that has paid off very well over the years.

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