The theoretical Dow hit highs of 10466, and lows of 10285. A nice day for our call which we had only one buy on Monday, with highs of 8.50 and lows of 8.
There are 5 basic rules of trading I live by:
1. I know in advance what I am going to do.
2. A budget is in place
3. I am ready to follow the market often and have buy/sell orders in, and changing all day.
4. Support/Resitance/Pivot I recalculate and use at least once, and often twice in a day
5. I am never too greed.
(I still struggle with being too fearful :-))
A must read:
http://www.bloomberg.com/news/2010-09-07/p-g-s-mcdonald-seeks-more-global-brands-as-sales-abroad-hit-60-of-total.html
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