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The Whipsaw Song - Ed Seykota (Trading rules embedded into a song)

Monday, November 3, 2008

5 seconds

Was up late last night catching F1 final race and boy what a race it is.. My heart goes to Massa who totally deserved the championship this year.. But guess life is fair and unfair in certain ways.. Well some might feel the winner is Lewis who totally deserved it last year.. The sight of joy turning to tears of sorrow in a matter of a 5 seconds swing disturbed me.. Somehow that swing tells us the power above acts in a strange way...

Back to stocks.. 5 mins and not 5 seconds in this volatile market can makes a difference btw a winner or a loser for intraday trade.. This rally is really kicking.. Noble grp broke 1.08 and move up higher b4 pulling back and closing at 1.08.. If it broke and closed above that tomorrow, we could be looking at it moving to the next resistence which will be around 1.30.. Hmmm.. Should i go for a quick intraday trade?? :P Finger getting itchy to pull the trigger..

"God gave rock and roll to you, gave rock and roll to you. Put it in the soul of everyone" - Kiss :*

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