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Monday, April 7, 2008


A feeling of quiet pleasure or security, often while unaware of some potential danger, defect, or the like; self-satisfaction or smug satisfaction with an existing situation, condition, etc.


What I am trying to tell you is don't get too complacent just because the market turned down today. Market was overbought. A normal pullback is healthy for the market. Know the support on the way down. Stay ahead of the game. When the market rises, start looking at resistance. When the market falls, start looking at support.

Earnings season has started and will determine the direction of the market as well.