Tuesday, February 10, 2009

Quick observation

Below I have posted a daily chart of the SPX.  It seems every out sized green bar is followed by an out sized red bar...and vice versa.   This is no expert technical analysis...however I am seeing/experiencing similar patterns on a short term/intra day basis. 

My best trades are the ones I take off as the market/name accelerates one way or the other.  My worst trades are when I am chasing or saying to myself: "this move is going further." 

Video interpretation of the S&P: