And sorry I haven’t calbrated anything other than expect total surprise at all times. I will say that I see the potential for a Bear Trap, in that there may have been a lot of accumulation lately.
Good luck Red, I am going to just sit back and just relax. I have a sign in front of me, BULLS AND BEARS MAKE MONEY PIGS DO NOT. As you said, we are close to the top. I am not going to risk it here, although the market may likely head up into possibly wed. Yes I am going to leave some money on the table. I am getting worn out here. It is not worth the fight for me to get the last dollar. I have done very well over the last few months. Why risk everything I have fought for?
Then get on that calibrator asap so I don’t get caught in one… thanks. I’m still long, and looking to go short, so I don’t want screwed again.
North.
And sorry I haven’t calbrated anything other than expect total surprise at all times. I will say that I see the potential for a Bear Trap, in that there may have been a lot of accumulation lately.
What are we looking for… a rally or a fall?
Watch PZG here soon. And gotta dash out for some tennis training, be back guys after 1pm.
Good advice and I’ll likely go short today too, and ride out any further rally tomorrow.
Good luck Red, I am going to just sit back and just relax. I have a sign in front of me, BULLS AND BEARS MAKE MONEY PIGS DO NOT. As you said, we are close to the top. I am not going to risk it here, although the market may likely head up into possibly wed. Yes I am going to leave some money on the table. I am getting worn out here. It is not worth the fight for me to get the last dollar. I have done very well over the last few months. Why risk everything I have fought for?
The downward sloping trendline of resistance is a little lower now…. maybe 1185 spx or so. I’ll exit my long at that level and go short.
I am going to take a hard fought profit.Getting out of my longs 3/4 position and my margin from Mondays lows. I am getting tired of chasing the top.
ES Moving towards resistance line: http://niftychartsandpatterns.blogspot.com/2011/09/es-moving-towards-resistance-line.html