Monday, March 23, 2009

Monday morning update

Wow the herd is really buying the bulls##t on the bailout. If you have been following along with me you were stopped out at the open. This is the tough part, getting stopped out always annoys me because I want to be right. But it also protects your trading capital and there is always another trade! Our other pick XLK has triggered and I am watching it closely. Lets see if the Feds can keep the hot air pumped into this balloon all day or maybe she will just go down like the Hindenburg after everyone reads the fine print on this deal. Good luck.