too much good news is actually bad!

Discussion in 'Trading' started by limitupmike, Aug 7, 2009.

  1. good thing i continued to sell into this rally!!! looking to take profits on the close...lol..sci
     
    #11     Aug 7, 2009
  2. ElCubano

    ElCubano

    P&L analysis + no stops = better chance at making money.

    Forget what the market is trying to tell you and litsen to what your P&L is saying. Is it getting reder :eek: or is it getting greener :D
     
    #12     Aug 7, 2009
  3. S2007S

    S2007S

    Good news is great news and BAD news is GOOD news, that's what this bull market rally is all about. Did anyone actually think the economy was going to lose more jobs this month than any previous month in the last 3.
     
    #13     Aug 7, 2009
  4. don't say i didn't say sooo....
    i am taking profits down here!!!!!!!!!!!!
     
    #14     Aug 7, 2009
  5. Nope! That's because the economy has IMPROVED since three months ago. Hence the continued rally, hence the better jobs numbers, hence stabilization in home prices, etc. etc.
     
    #15     Aug 7, 2009