Monday, June 26, 2006

Everything you've learned about the Stock Market is wrong.

The more I learn about day-trading, the more I realize how the markets really work. And all the famous quotes we've all heard about investing are starting to show their true meaning. Read this, and take heart! Thanks to Barry Ritholtz for bringing this to my attention.

As for today, it's very interesting to watch the Markets leading up to the Fed announcement. There's just not a lot of volume right now, and all the indices appear to be forming a decreasing sine-curve around a mean. In other words, they're hovering within a certain range, just waiting.

We still haven't seen the next big drop that many analysts are predicting. Has anyone else heard about a major turning point occuring on July 10?

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