Wednesday, October 5, 2011

No Man's Land and The Witching Hour

We are now caught back in "No Man's Land". The Bulls are exhausted, The Bears are exhausted, and everybody is afraid to do ANYTHING.

The final hour in the trading day is now know as "The Witching Hour". It is now a mythical time where the markets can make violent moves in any direction and make traders bleed. The best advice is to avoid this time. It is a vacuum where few will now dare to tread.

Dow 10,000 still a high probability and the best time to go long if you have the guts!