Follow The Plan

The market continues to follow the plan. Just get traders more nervous, throw some fresh data their way, the Fed comes in and tells us everything is ok, and off we go.

There are some nice looking charts out there this evening (REFR, LAVA, PTNR, WEBX, CUTR, GILD) as the bulls get to work. Like usual, when things don't go their way, the bears just buy more gold.

As you can imagine, I'm doing my level best to keep up with the Dow Joneses of the world, but as I told members tonight, it is very much like trying to hold a cat by its tail. Sooner or later, it is going to scratch and bite you, but it sure is fun while it lasts. Just don't get too greedy and forget to manage your risk. Good advice always, but always worthy of a repeat when our screens are baked in green. See you tomorrow!