Wednesday, November 28, 2012

Markets holding ground

The day's action started with a gap down and for a moment looked like the markets were headed down.  Buy programs kicked in at the hour from the opening and the markets built on the momentum.  It is important to watch the price action and not assume or predict the direction of the markets.  Betting against the market is a loser's game.  It is not about whether you are right or wrong on the market direction.  It is all about how quickly you change your opinion if you are proved wrong.  Bottom line, markets appear to be choppy but are holding their ground.

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