Tuesday, September 1, 2009

Morning Market Review 09/01/09

I find trading psychology amusing. For example, the market's dislike for gaps. There's no real reason for it especially in today's 24-hour markets where there are really no gaps. But traders aren't happy until gaps are closed. So, the market trades all the way up to close a two-day gap, and then sells all the way back down to where it started. Now everyone is happy, and I'm still amused.

1 comment:

  1. Hi Charles

    My thoughts exactly. Are there really any gaps? In the pre electronic days there were but today's 24/7? Oh well.

    Thanks for your guidance as always.