Ring That Bell

They don’t ring a bell at market bottoms to tell you to buy.  No.  They undercut crucial support and then run the Nasdaq to +100 points.  I’m happy with myself for sticking to a plan of holding longs to the close.  I’ve been here before and seen the same thing.  The market turns on a dime.  The market’s run to 50 day moving averages is highly likely now.  So is the gap fill at Nasdaq 1947.  One day at a time.  The market won’t make it easy to get in either if you don’t hold positions overnight.  I’m betting we see plenty of morning gaps higher.

It’s time to climb that wall of worry.