Sunday, February 19, 2012

Market Thoughts

Just a few quick thoughts for now.  I am long DRYS and am considering going long UNG.  I look for basing formations that have the ability to explode decisively given the proper catalyst.  We saw just such an explosion in DRYS over the last couple of weeks.  UNG also has the same potential, though you can never know when that will happen.  As Jesse Livermore wrote, the big money is made by waiting, so you have to be patient and, above all else, not sell too soon.

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