Wednesday, October 22, 2008

A Small Gloat and a Warning

Prior to going on vacation, I went back and read some of my posts. Largely, it was part of my "look back" to see if I were adding any value to to the blogosphere. I'm just a nobody--and ordinary person trying to make sense of things--but I got it righter than most.

Could I have traded it better? Yes. Could I have traded it worse? Yes. I've concluded that I'm a better observer than a trader. But, it is only my money which is my responsibility.

But rather than end this post with hand clapping and back slapping, I've been reminded that crashes come from deeply oversold technicals, NOT overbought. So be wary. Being deeply oversold is not necessarily the place from which one gets long or short.

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