No doubt: The markets are crazy!

On Friday the Dow Jones Index dropped 700 points and then rallied back 900 points. Today the markets opened with a huge gap, and after a lackluster morning the Dow Jones then rallies in the afternoon, closing almost 1,000 points higher than Friday.

Does this scare you?

Here's are some great thoughts on what to do from Glen Larson, President of Genesis Financial Technologies:

During these times, I have had several clients, friends and acquaintances call and mention how they are frozen like a deer in the headlights right now - scared to make any moves in this voliatile market. Many are asking what they should do. Who should they rely on? Who can they trust?

The answer is pretty simple as to who you can and should be relying on --- yourself.

Now is not the time to panic, pull out, and sit on the sidelines doing nothing but shaking with fear. Now is the time to step up and improve your skills, improve your education, develop or improve your trading edge.

These are the trading opportunities of a lifetime! If you are too afraid to step in, AT LEAST PAPER TRADE. Practice improving your skills, improving your confidence. You will begin to feel a power knowing that you do have the ability to take care of yourself. You don't have to rely on the government or the economy.

Grab those books you've been meaning to read. Scan the seminar notes you promised to review. Practice those new trading ideas you've been meaning to try. The imporant thing is to GET MOVING.

I've provided a common chart I've been showing which illustrates the trading cycle with accompanying emotions.

Decide for yourself where we are in this cycle. For what it's worth, I believe these conditions will be opportunities like those of 1978-1982. Will these prices be the exact bottom? I don't know. Will it bottom here? I don't know that for sure either.

But I do believe now is not the time to panic. Look what traders with big $$ are doing. Buffett is like a kid in a candy store. Ask yourself this question - If I had an extra 1 million dollars, what would I be doing? This will have you acting from a position of strength, not one of fear. The public does the wrong thing, at the wrong time because they act from fear and greed.

You guys have the edge, the tools and knowledge that many do not. Don't forget that. Here is the chance for you to take control of your future while others panic and flounder. I hope you step up and seize this opportunity to take control of your future.

Good Trading,

Glen

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