Quote from formerstreetman:
Here is mine:
Never mind going short the minis.
Never mind going long oil.
Never mind going long Gold.
I belive a general philosophy at any given time is essential in profitable trading.
What is your current philosophy?
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Fs T-man;
Well dont agree with all his politics, but George Soros had a brilliant quote''market has a bias.'' I call them trends;
bias maybe a better word.
DIA,DOW long term trends are down;
panda bear, polar bear trends.C,BAC are down,community banks are UP.
Oil/gasoline trends, see my comments elsewhere this month;
Royal Dutch Shell did sell a tanker full[bloomberg,com/1/27/09]
Not long or short gold futures/GLD now;
Dr Pat Robertson is profitable/ long gold futures. May get in that trend;
even though lots of traders in that luxury market. As IBD likes to note the 200dma .200dma is up. Havent checked gold 50dma lately......................................................................................
