I saw my wife off to her homeland(Philippines) this weekend and consequently will have a little more time to work on my blog and other areas over the coming weeks. However I’m finding a lot of bad energy out there in the blogosphere and to be honest, I’m not finding many opportunities that provide good risk/reward. I decided that it was best to not post if I didn’t have much in the positive way to report. Let me clarify, a down market is not a bad thing, it’s just a trend. A trend in itself is not negative, in fact it’s the most desirable outcome if your a trader. You want stocks to be moving one way or the other. It’s trendless, range bound markets that can be so frustrating.
But it’s this constant end of the financial world thinking that is just to much for me to handle and spending some time away from my computer this weekend is the best way for me to recharge and stay focused. I don’t have a crystal ball to look into the future and yes things are bad right now, but dwelling on how dire our circumstances are right now is not going to do anybody any good. Feeding into the hysteria never has a desirable outcome. Remaining calm in the face of negative news is the only way to profit from other people’s madness.
I will post the significant levels I’m watching for as far as the Dow goes.
