Monday, April 23, 2012

I call this the "Meat Grinder" after an exciting fall, it grinds away upward, keeping the bears in, wearing them down with time and losses.   The down was a clear 5 wave, so good chance this will be a 3 wave resolving later in the day when the trader is now "off" and will likely get stopped out in off hours, and then miss the real drop.

Euro is tricky!

Instead of being $2000 up last week, I ended up $3000 down based on Euro Shenanighans

That sucks, my first losing week in 11 weeks.    Should just stop playing the Euro.

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Insightful and Useful Comment!