Wednesday, August 18, 2010

The Daily Note - Just Another Day

I seem to question Wednesdays after Mondays the most. Mondays I look at as after weekend, Friday memories may fade so the questions arise about direction. Wednesdays because of the previous two days history, seem also to be in a see-saw mode, therefore difficult to gauge too far ahead. Will the momentum of the day before carry through or will there be a retrace? I only know that the day will tell going forward, and this day in pre-market hours seems so far to be going higher.

The best way to tell, is to watch and follow the trend. Sometimes easier, sometimes more difficult, but if we look at it as "just another day", instead of Wednesday or hump day, we will probably get over the reservation or expectation of a difficult day.

Happy Trading, Living and Dancing

The Daily Pick - Mid-Day Tune

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