Wednesday, May 21, 2008

Bears Win! Bears Win!

Well, today was a screamer for the bears.
I didn't write a blog yesterday -I was really frustrated with myself mostly with my trades yesterday (Tuesday) because I was expecting a little more follow thru than the market would give. Basically was in some good trades, for 1 to 1.5 pts each, but would always let them come back and stop me out for a tick, or b/e, and finally saw and executed a great short trade late in the day. It went 4 pts from entry, hit dead on the previous low of day made a couple of hours earlier, and I even let THAT trade get me back at b/e. Really was in a fog. In my defense, the day was extremely bearish, and I had a fib target just under the previous lod, which was also 2 times the Initial Balance, and thought that surely the market would go down a couple more ticks, but would not, and was just amazed at myself for letting the trade retrace all the way to my entry. (in fact, it continued going up, and set up the Bulls for a Bear Trap for today)
Out of time, and haven't wrote about today yet - maybe I can tomorrow, lol.

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Sheeple



The Black Sheep tries to warn its friends with the truth it has seen, unfortunately herd mentality kicks in for the Sheeple, and they run in fear from the black sheep and keep to the safety of their flock.

Having tried to no avail to awaken his peers, the Black Sheep have no other choice but to unite with each other and escape the impending doom.

What color Sheep are you?

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