We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Wednesday, March 7, 2012
Wednesday Could Be Day of Consolidation With Key Event Risk Ahead
After a huge sell off markets are moving sideways. ADP's Non-Farm payroll estimate will take the morning's focus, but watch near day's end for consumer credit which has been pivoting much higher in recent months. We will watch from the sideways and wait for market direction.
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