Just cleaning the slate here. I actually managed to sleep all the way through, which is surprising. Anyway, keep on your toes today. The markets and the Dollar seem to pull back a little and Gold, Crude, are dropping. I’m keeping a close eye on the Yen (@6JZ8) as this seems to be the best market indicator today (remember, it’s inversely correlated).
DON’T JUMP IN RIGHT AWAY. If the market manages to stabilize I expect a rally before a big drop. ONLY BUY ON RIPS, otherwise the market makers will have you for lunch today. Keep it together and don’t get emotional – this is OUR day.
UPDATE @ 9:49am: As expected the market makers are having their fun today as the indexes are all pushing up hard now right after gapping below at the open. I can’t make this clear enough: Wait to sell the rip!