Psychology

The market did the Elvis plunge today, falling from grace with even the most ardent of the bulls.

We have spoken of the dangers of catching a falling safe, and today was perhaps the most significant illustration of the reasoning behind that premise.

Our system is built around simplicity.

Either you know the secret code or you don’t; it’s that simple.

Despite the historic plunge today, there is not much to talk about.

Resistance and support are the keys to trades. Sequence traders who understand the dynamics of market movement at these levels as they hold or break will win provided they can make fast decisions and pull the trigger.

I throw hard stops out the window in this kind of day; no sense missing a 50 point trade for a couple of points.

I guess the bears watched Shane over the weekend and learned a lesson about a swarming and tenacious offense from him.

Fallen from Graceland