Big Board Toolbox

[cta751]

I was just sitting here watching things and have come to a realization that we have somewhat of a wrong mindset on things. We sit down in the morning and are in shock if the markets gap way down and look to be falling apart but cheer if the markets gap up. Then if the markets are down we sit back in fear of buying as we are afraid it will continue to fall. If the markets gap up we are more than willing to buy as everything looks to be doing well. We are doing this backwards guys, it shouldn't and doesn't matter which way the markets go at open we know how to play it both ways but we are letting emotions and fear guide our trades.

One thing I was looking at were those stocks that aren't financials, as it was mostly news on one stock, Bear Stearns, that caused the sudden drop. One sector that hit me was the Ag stocks. They all took big gaps down this morning and we just sat there and watched. We should've been buying.

 
  
 Stock        Low        High       Gain       % gain 
  
 POT         152.06      159.11     7.05        4.64% 
 MON         102.77      107.98     5.21        5.07% 
 MOS         101.20      105.96     4.76        4.70% 
 DE           79.08       83.09     4.01        5.07% 
 AG           57.17       59.47     2.30        4.02%