Before The Flight
In between connecting flights, I hopped on an
Internet terminal to see what happened in the markets today. I see that the
banks continued lower. I have to admit, late last week, I was beginning to
question if I should seek out more complex methods. Then, when I see reaffirming
action like today’s, I realized that what I preached over the weekend remains
the way to trade…The trend is your friend and simple methods are preferable to
more complex methods.
You’re your own for setups tonight. I suggests
you continue to look for stocks in sectors that are resuming their downtrends
out of pullbacks from lows.
The banks and broker/dealer qualify here.
Gotta run, they’re calling my flight………
I’d like to thank Larry
Connors for highly successful TradingMarkets 2001 conference. I’d also like to
thank my speech coach Duke Heberlein for helping me turn a bag of nerves into a
polished presentation. Special thanks also goes out to Claudia S. for her help
with the breakfast for my swing trade alert clients. Thanks to Andy Splichal and
Danilo Torres for their support throughout the weekend. Thanks to Michelle Pilch
for all her coordination efforts.