Wednesday, October 12, 2011

It's too early

While price and breadth are acting well, and volume is coming in better than the last few days (not hard to do),it;s way too early to call this anything yet as we are still within the first hour.

In my opinion, and this isn't backed up by any thorough research or anything, just form personal experience and talking with other traders, more money has been lost not waiting for confirmation than any other mistake with the exceptions of not using stop losses

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