Investing Adventures

It looks like we’re finally getting that bounce I was talking about on Friday.  Even though I’m a day late, it’s nice to see how all the tools you end up learning can help you lean in the right direction.  Sure, my expectation of a bounce yesterday cost me potential profits, but I still stand by the fact that none of my now realized profits were lost.  Yesterday I also suggested that I didn’t see a bounce coming today.  As of right now with DJIA futures up 70 points, I’m probably wrong.  That goes to show you that you can’t rely on a single indicator, or really a day’s worth of data.  Looking at the past three days of market action with the reduced weakness in yesterday’s action should have been a glaring indicator of a bounce today.  Three days with TRIN readings and declining volumes sky high coupled with the mixed action as the markets tried to decide which way to go yesterday will make for a great bounce today.