I was pretty thoroughly disgusted with today's events.
I've noted in the past that I feel Wall Street is filled with sharks and if you want to swim there, be careful. I've also noted that I feel Wall Street is the biggest collection of liars cheats and thieves ever amassed.
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The short term charts told me Monday this market is going higher. I'm still in and I still feel this market is going higher. I could be wrong and if I am, it won't be the first time, nor will it be the last time. Also, keep in mind that another reason for choosing to ride it out is the fact that I'm comfortably in the green from Monday's entry.
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The thing that really pissed me off was the timing of the rumor that came out regarding Osama's # 2 guy being cornered or captured.
There is a saying that all gaps in the charts get filled and yesterday's opening gap up left a huge gap in all the charts.
As this morning's market developed, I made mention of the fact that it was coming down on low volume which is bullish. Take a look at this chart and you can see that the rumor was released right when the gap got closed.
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