Don’t Forget This Aspect Of Trading…
I’m one to always kid around
when it comes Wall Street’s perpetual ‘Waiting For Godot’ mentality.
As
if the next latest and greatest number is
really going to help make an informed decision about what to do in the markets
next–until the next latest and greatest number catches investors fancy.
Personally, I shake my head in disbelief at the notion but I do appreciate
crowd behavior and totally respect the fact that if the crowd is gonna wait,
then maybe it’s not such a bad idea to do the proverbial S.O.H.–Sitting On
Hands–routine.
Yesterday fortunately, the ‘mo-mo’ momentum
issues were ignoring our bigger friends–but, with ‘the number’ right around the
corner, Davey finally caught up with Goliath. For us that meant a quick retreat
to a cozy chair away from the keyboard ended up making more ‘cents’ for one’s
trading account.