Quiet Panic

After a huge bearish day on Friday we are down in the futures 33% of that same amount in the last few hours. What does it all mean? Get in or get out of the way. Place you bets. Monday is going to be a very interesting ride. The US Dollar has been falling fast, the housing market bubble is just now starting to show numbers. From what I have heard from retailers volume is slower than normal.

One thought thing that keeps sticking in my head with volitile times like this came from Jeff Kohlers web site a few months ago. He said Place you bets at the open and close out at the end of the day. This was when the SPX moving up/down 40 points in a day. Um! Sounds like this past Friday.

Currently SPX futures down 12.50, DOW Futures down 110.

Focus From A Master Visionary

"Don’t watch anyone else climb the ladder of success. Focus on yourself and you will succeed."

Donald Trump
http://www.trumpuniversity.com/blog/

Current Currency Plays- Short GBP/CHF, Short NZD/CHF, Short USD/CHF

I love charts. Playing Support and resistance with Trend is my zone. Have been in these about a week.

Awesome Quote! Trading In The Zone

"To What ever degree you haven't accepted the risk, is the same degree to which you will avoid the risk." Mark Douglas in "Trading In The Zone".

For me this applies in Trading and Life.

Dave