Since I am not at the computer for long stretches during the trading day, I keep a written journal in which I scribble notes. Here are today's scribbles:
-The fact that volume has consistently been heavier on down days is more evidence of a coming collapse.
-Watch the steel sector. It's handled the energy and metals selloff better than other markets. Is accumulation occuring?
-Money's flowing out of energy. Where is it moving? This is an important development to watch.
-Watch Apple as it challenges highs.
-Lots more room for oil and metals to fall, but wait for a bounce before shorting.
-Ignore the noise and follow the bigger picture. Make sure to focus on weekly charts for trends before moving to daily and 60 minute charts.
I was a little bumbed out about the DHI trade, so to chill out I watched Eternal Sunshine of the Spotless Mind. What a great movie. Jim Carrey is probably the most underrated *serious* actor of his generation. The movie defies categorization, as it is a meloncholly, exciting, pyschological, romantic, science fiction thriller. The main question is: What would you do if you could erase a bad part of your life from your memory. Fitting that I watched it after making a bad trade. Here is a selection of montage clips:
Montage set to Radiohead's Karma Police:
Fantastic remix montage:
A montage set to Beck:
This one's set to Grazed Knees. Great song.
Montage to Coldplay's Scientist:
Finally, montage set to "Sun and Rain: