Friday, August 8, 2008

market up big, my working assumptions

To momentum of the up surge is amazing. stock markets are sentiment barometer of the next few months to come. so we should be out of recession pretty soon.

talked to a dude in the hall, I told him my working assumptions:

1) no body knows the future, no matter who (including anyone on the media or not)
2) I can only react to price actions

shorts: talking heads on TV
longs: technical analysis and UNP

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