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The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

30 March 2005

Head Fake?

After opening higher and trading strongly before reversing and closing down for the past several days, many pros are on high alert for the same to occur today. The market is now within the "Magic 20 minutes"; if it does decline, now would be the appropriate moment for that decline to begin. (In fact, even as I write, the COMPX already has lost ~7 points of the previous +30...)

But do not allow a possible head fake to become a head butt; this trade is too obvious. Stick to your knitting. We soon shall see how this affair plays out.

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