tag:blogger.com,1999:blog-2335748440449035592.post8717235675528126524..comments2008-04-11T17:25:33.212-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-83209768653643743132008-04-11T17:25:00.000-04:002008-04-11T17:25:00.000-04:00"Using logic is what killed me when I was a young investor... now I simply let the price action dictate short term action even if fundamentals scream completely opposite"<BR/><BR/>This just might be one of the best investing advice I have heard. I could not relate and agree more. This goes along the same lines as the market is never wrong. But what makes this market so complicated is that the moves are so large and fast that if you do not anticipate the movements before they occur, you will end up chasing or missing most of the move. I guess if you are a buy and hold investor it would not matter. But who still does that anyways aside from those crazy foreign sovereign funds. Alas more emphasis needs to be put in technicals first rather than the fundamentals or one will get crushed. As another saying goes, the market can remain far more irrational than you insolvent. Quite the conundrum but you have to play with the cards you are dealt.T-Raderhttp://www.blogger.com/profile/16892169651369153159noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51009224735039863642008-04-10T14:37:00.000-04:002008-04-10T14:37:00.000-04:00Mike,<BR/>Looks like the market is throwing away all the bad news and I guess limit orders have triggered at 1350to bounce sharply from there. Yes I agree, using logic is a poor strategy in this game.<BR/>There is a hug cash on sidelines.People have missed the past rally and confused. I expect another washout to downside so that smart money can enter at low prices. Though hope is not an option.<BR/>what do u saypraveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.com