Friday, November 9, 2012

Weekend Thread


I hope everybody has a safe and relaxing weekend.

Friday Afternoon

The suit comes in five colors.
Europe started things out on a grim note but U.S. markets appear to have had enough downside this week.  That is unless the POTUS says or does something tank worthy.

Friday morning


The markets could do almost anything today.  There's no clear pattern, no clear support, no clear resistance.

Some possible scenarios include :

Dip-and-rip
Gap-and-go
Gap-and-crap
Flop-and-chop
Puke-and-puke-some-more

Give things time to settle down.  Be very selective.  Use smaller size and bigger stops.  Or just sit back and watch the purty colors.

Above all, protect your capital.  That is job number 1.