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Random Thoughts

By

Come on Toddo--we're sitting at resistance!!! What are you waiting for?!?!

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  • The breadth remained firm during the earlier pullback. Taken in isolation, that's bullish.

  • The dollar continues to hang tough although it's off it's highs.

  • I was walking down the street the other day and a homeless man asked me for some change. While I usually buy these people food rather than give them money, I opted to stuff a dollar in his cup. You know what he said? "What the hell am I supposed to do with a dollar?!? Give me a $20!!!" I kid you not!

  • I watched Young Frankenstein (again) last night and I remain of the humble opinion that it's one of the funniest movies of all time. THERE WOLF!

  • Emotion is the enemy when trading. What do I mean? See yesterday at noon or this morning's opening.

  • There's no hidden meaning to the critters on the right (with regards to my positions). I will always disclose if I'm involved in a stock (index) that I write about. If it says "no positions in stocks mentioned" that doesn't mean my fund doesn't have ANY positions, it only means I haven't discussed those names in the current column.

  • Hey Carly--what the...?

  • Please remember to RSVP to Fokker@Minyanville.com if you want to attend March Madness Minyanfest in NYC on the 23rd.

  • We must always appreciate the collective performance anxiety but we should strive to remove it from our process.

  • If I could have any one wish in the entire world, I'd want to spend a week with my grandfather when he was my age.

  • If you pull up an 11-day NDX chart, you'll see the importance of NDX 990-995.

  • Did too many "pundits" jump on the "we need a whoosh" thesis for it to happen?

  • This entire U.N resolution vote situation is confusing on multiple levels.

  • The FTSE ended the day up 6%--it's biggest such gain in 15 years. Where did it stop? At resistance, where it initially broke down (January lows).

  • If you feel yourself getting sucked into the Minxy emotional maelstrom? Step out and don't stress about missing a potential trade. Opportunities are made up easier than losses.

    Hey Casey, can I announce the University of Minyanville professors yet? Inquiring Minyans want to know!

  • Frozen Ring Dings are hugely underrated.

  • Hey Berko, Matty, Bucky, Junior, JJ and (oh yeah) Martin---WASABI!

  • I sleep much better naked (sans risk).

  • There are PLENTY of tradable opportunities each day if you're alert and disciplined. If my big picture fears come to fruition, there won't be much volatility in the flatliner thesis.

  • I am completely humbled by the growth of Minyanville--and it's only just begun.

  • My trading process is a step function. I view the market as a whole, then as two main sectors (S&P, NDX), then as sub-sectors (banks, retail, energy, pharma, ect. and semis, software, storage, ect.) before, finally, exploring the individual names within each group.

  • What the hell is a Hoya? A spectator after tonight!

  • If you can identify the "easy" trade each session and book 'em, Dano, why would you risk capital the rest of the day?

  • I'm having dinner with Mr. World Class Joisy next week and I'm pretty excited to shake his hand.

  • I'd rather be lucky than smart.

  • I'd rather be happy than rich.

  • Watch BAC as it trades around 67 and WMT around 49. It's where they broke and, as such, they'll be areas of resistance. Thanks Dorsey Wright!
position in qqq

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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