Woke up and drove early to the office. Friend asked what I think of the market today. I said, probably flat to down for the first 3 hours and up probably the last hour. I miraculously got it right! :) Did nothing today but watched the tape. AAI went to the floor very fast – that was a first time I saw one.
EDC is starting to get convincing again closed 5.96. A break out the 6 peso round number resistance might still be a good entry.
Reminder to self re EDC: Only enter a trade after the action of the market confirms your opinion and then enter promptly.
Some trades that I should have done recently, URC and BEL – for the simple reason they bounced off their round number pivot points.
Do not trade every day of every year. -Jesse Livermore