No Stock Market Commentary For Wednesday’s Market

May 24, 2007

I am beyond burned out. I have updated my longs analysis and after a long day today I am just too tired to post commentary. I apologize. This market has me burned out. I don’t know how many times and different ways I can say “this market is in an uptrend, follow the trend, until it ends.”

It is just the same thing over and over. Until something changes, this commentary is not going to change. I just find it pointless to update commentary when NOTHING has changed.

The market is still in an uptrend. Do not fight the trend.

As a bonus here is my thought process on one of my larger longs MTOX. This is what goes through my mind sometimes before I decide to make a sell. This is also why I almost never make a panic buy or sell decision. Everything is well thought out.

[2007.05.23 21:06:57] Randyy: shanghai market closes with the second largest volume ,hughe volume ,, down 0.54%
[2007.05.23 21:09:02] Randyy: maybe greenspan is right, feeling not very comfortable
[2007.05.23 21:10:57] Randyy: night, see u guys tomorrow, lack of sleep these days, i will be happy to see shanghai market crash, so i can sleep early
[2007.05.23 21:11:05] Randyy: :)
[2007.05.23 21:11:18] Randyy has left the room (logged out)
[2007.05.24 00:09:38] daviscal has left the room (logged out)
[2007.05.24 00:20:09] MauiTrader: soak this in:
[2007.05.24 00:20:17] MauiTrader: it is 1230am
[2007.05.24 00:20:23] MauiTrader: 630am EST
[2007.05.24 00:20:26] MauiTrader: MTOX:
[2007.05.24 00:20:33] MauiTrader: I knew how it closed at the EOD
[2007.05.24 00:21:02] MauiTrader: it took me all evening, a surf session, a BIG BIG BIG dinner, a late night snack, TV, and about two hours sleep to come to the conclusion
[2007.05.24 00:21:18] MauiTrader: i dont want to lose my position in MTOX until MTOX tells me it is wrong
[2007.05.24 00:21:30] MauiTrader: it wont do that until it makes a new May closing low
[2007.05.24 00:21:37] MauiTrader: therefore out of insurance
[2007.05.24 00:21:42] MauiTrader: i will sell only 10%
[2007.05.24 00:21:48] MauiTrader: but keep my very green MTOX
[2007.05.24 00:22:00] MauiTrader: remember i have two larger buys BEFORE the breakout
[2007.05.24 00:22:07] MauiTrader: go review my buys in the realtime portfolio
[2007.05.24 00:22:42] MauiTrader: Since I got it before the breakout and since BOP is still max green this is why I should give it a chance
[2007.05.24 00:22:48] MauiTrader: now back to bed.

Last 5 posts in Free Commentary

Posted by Joshua Hayes | Filed Under Free Commentary 

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