Words of Wisdom 4/3/12

Not much going on the past few days.  Been managing my trades while looking for new ones, but it's been pretty slim pickings so far.  FOMC minutes today and job numbers at the end of the week.  Also, earnings season is right around the corner.  Found this picture and some words of wisdom to share from Richard Donchian, one of the fathers of trend following.

"Beware of acting immediately on a widespread public opinion. Even if correct, it will usually delay the move."

Basically, be cautious buying when people are overly bullish or selling when people are overly bearish.