Everything is impermanent

This is just a diary of my market views and not recommendation to buy or sell anything I mention here.

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Friday, August 21, 2009

Do I see what I want to see or am I seeing the right thing?

Sometimes I feel, do I see what I want to see? or should I stick to What I see?

To have a open mind, I have started paying attention to opinions of those people who are LONG but I am not going to follow them blidly just because market supports that idea. Markets may do one thing and economy may do another. At this point, people just want to ignore bad news and listen to only +ve things. There was a time, when all people wanted to do was think just negative. So, I think what I have learned is that "Always think and act opposite of what media is telling you". I don't want to follow LIARS anymore. They lied before. We all know that. They are lying right now. We will say that very soon. But people are going to listen to what they want to listen.

Anyway, here are some updated charts. WE ARE not THAT FAR. Are we? You tell me? I will listen with an open mind.....





Posted by Deej at 9:15 PM
Labels: spx dji rut compq eur/usd
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Favorite Quote

“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion.”
- Jesse Livermore

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