Monday, September 20, 2010

The Daily Note - A Need to Refresh

It's not just computers need a refresh, we all do. Charts indicate it along the way whether in an uptrend or a downtrend. We call it consolidation, or a flag. It's when a stock just needs a breather where traders/investors watch for the next opportunity having perhaps taken the most out of the stock's movements. Of course once done, a breakout is more likely, so it's good to let an equity take a little time off.

(Ever wonder what the poor equity is feeling? Having been pecked this way and pecked the other, I bet the rest and refreshment feels good. ( big wink)) Anywho, you know what I mean.

In case you haven't noticed my writing has been a little sporadic lately and it's for good reason; I too am in need of consolidation, rest, refreshment for my next breakout. Truth is I'm working on a project and it's taking some of my writing time away and rather than turning out bad data every day, I prefer to keep things well inspired. Content and quality being important to me, I would rather write fewer articles for the time being.

This is not to say that I will not be writing at all only that I will not be writing daily. Of course if it's daily contact you'd like with me, come and join my trading room, where I spend most of my time presently.

Happy Trading, Living and Dancing

The Daily Pick - EDU

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