when you buy stocks you have to look for reasons NOT to buy them. Skeptical is the key word.
It is funny that Mr. Cramer this morning mentions the fact that he misses many opportunities but it is the ones he likes that he worries over. And he likens it to Mr. Buffet's approach on picking stocks which is like being up to bat with no strikes - meaning you can wait for your pitch.
10AM is a key number. If bad, the market should rally. If surprisingly good, the market sells off?
I am not looking to buy or sell today, unless of course, stops are hit. I am going to post on Sunday.
The week before major holidays such as Labor Day tend to be bullish. So we can either day trade this move or patiently wait for trends to merge and set up for the post Labor Day market-something which I am leaning torwards.
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