Friday, November 9, 2012

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.