Tuesday, August 23, 2005
Bold and Right
A wealthy, semi-retired speculator was walking with his teenage granddaughter one day. The girl asked him, "Grandpa, how did you make so much money trading?"
The old man thought for a minute and said, "Well, you have got to be bold and you have got to be right!"
She asked, " What happens if you are bold and wrong?"
"Then you just go down with the ship!" , he replied.
Above you will see an updated hourly chart of October crude oil. I am predicting the market will go down from here and soon reach its short term target of 60.50. I am bold. But will I be right? I think so!