Posted by: eminitrader April 14, 2007
Making Money with Eminitrader
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Alright, let's talk market now. This week, I was a little worried because as soon as S&P hit 1450, the sellers would come out. Today we were able to close above 1450, now there is one last resistance to break at 1462 and that might take some time. If we break that another 5% gain should be easy, I know some of you guys have been buying when I mentioned it here. So far it is working but I would like you to focus on WHY we are buying than WHAT we are buying. Ask questions. Sonner or later I'm going to stop posting so I'd like you to be prepared and be able to understand the market behavior. Please read the books that I have mentioned here. Buy those books and read it few times, i promise that will be a good investment. I see the market as a multi-dimensional puzzle where many of the variables are uncertain. By the time we figure out all the variables, it will be too late. In this case what should you do? It is all a matter of taking calculated risk. I will post more on how to bet in my next post sometimes over the weekend.
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