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Sunday, June 26, 2011

The Green Signals

On the first GS ( GREEN SIGNAL ) on April, Market concerns was US Govt. shut down.
On First week of May, Jobless report DJIA down big time 4 straight days.
On Mid may, DJIA fell 5 straight days, commodities fell.
On June 23, Greek Economic problem.

The market never cares. That is why in Trend Following, we just follow the trend and wait for danger signals.
If you do not have discipline, you are out a long time ago. Because traders always love good news but the market beast has his own mind designed to make you fail if you do not have an edge and discipline.
No News, No Hype, only the price and you.

If there is additional bearish news and the price doesn't go down, I will go nuts. Stuart Walton, Market Wizard


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