Monday, February 28, 2011

Still on track for Monday

At 1:10 AM, all three futures are down, but only slightly, with the ES losing just 0.09%. And it has been trending higher since 8:45 this evening. And no new disasters out of Libya to this point. So I think I'm going to stick to the calls I made in my last post. There's still no swing trend that I can figure out, but I'm reaching for my long hat.

Quote of the Week
"Most people lose money trying to avoid losses."
This is from a webinar sponsored by Linda Raschke that I attended last week. I'm sorry, but I don't seem to have the name of the presenter handy at the moment. But it's a great quote and well worth remembering.

Sometimes the safest course of action is the most dangerous. As General Patton said, "L'audace, toujours l'audace".

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