Give It Time
After last
Tuesday’s terrorist attack I really have no idea where to begin. It
feels like ages since I last looked at the financial markets, especially with
these devastating turn of events. The markets opened lower as predicted–and
rightfully so. As traders we must endure, as a nation we must endure and
overcome these horrific events. My prayers go out to those families and friends
who were directly impacted by these atrocities.
At this time my only suggestion is to
wait for the markets to show you its hand. Right now the markets must have a
chance to react to these events. Focus on the longer term picture and as in the
"Before the Show Piece" Myself and Larry Connors gave subscribers A
Game Plan For This Week.
I would suggest reading the
piece.
For the near term, we should
observe the market action;
by
doing this we will be able to gauge what action we should take. So for now,
let’s keep the powder dry and be patient until the markets shows
us
its hand.
Greg