Thursday, April 9, 2009

Now What?

First of all, I want to congratulate WFC on $3B in Q1 earnings! On an unrelated note, I stopped marking my house to market, and it also is worth $3B! What a great day. It makes my small loss in GS look like unsalted peanuts.

Speaking of GS, I have analyzed the recent trade below (click chart to enlarge) to hopefully keep me from making similar mistakes in the future. I think it boils down to a poor entry, which equals a non-low-risk entry.
GS


GS (big picture)


Back to the overall market:
SPX



QQQQ

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