SPDR S&P 500 (SPY): Nirvana, Thanks, you're right about t...

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learningboutinv

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learningboutinv

Re: Nirvana post# 21403

Monday, 08/06/2007 4:33:25 PM

Monday, August 06, 2007 4:33:25 PM

Nirvana,

Thanks, you're right about taking profits; although I'm not tyically a day trader. I tend hold and stay with the trend watching the 60min charts and the daily. The markets are just so choppy right now. It wouldn't surprise me if we bounced up and down/consolidate til Friday.

Everytime volatility goes up, the market is choppy, there's a lot of indecision and a lot of people chanting bull/bear, etc; I've learned from many past mistakes to take pause and be extremely cautious and wait for the trend outcome.

Work was a little slow today and I acually had a chance to watch the markets.

Good luck with your trade.

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