Obviously this market has been baffling and frustrating to us as bears and to very many other sites and posters in the same boat. Despite charts, experience and what-have-you we all still remain clueless and powerless as to what the market will do on any given day or series of days in the future. We can only make the best percentage call we can and hope for the best. Most importantly, we don't want to be out of the game if things do move in our favor so we have to position ourselves to be able to take advantage. To continue to hold while this moves opposite out intent is foolish. Take your loss, get out and wait to fight another day. No field commander worth his salt would allow his troops to suffer uneccessary casulties when things are clearly stacked against him. Retreat can be strategic. The old axiom of cutting your losses is very apt and true. When this turns and it will there will always be time to get back in and profit.
I'm sick of this guess guess bullshit
Remember that fake vix print at 24? I guess we are going there.
They might just hold the market here until opx is over, as in this extremely light volume, they can 100% control the market.
powershares qqq trust series I fibonacci levesl
http://niftychartsandpatterns.blogspot.com/2010…
In addition let the market dictate to you not you instead of you trying to tell the market what to do.
no matter your sentiment.
Obviously this market has been baffling and frustrating to us as bears and to very many other sites and posters in the same boat. Despite charts, experience and what-have-you we all still remain clueless and powerless as to what the market will do on any given day or series of days in the future. We can only make the best percentage call we can and hope for the best. Most importantly, we don't want to be out of the game if things do move in our favor so we have to position ourselves to be able to take advantage. To continue to hold while this moves opposite out intent is foolish. Take your loss, get out and wait to fight another day. No field commander worth his salt would allow his troops to suffer uneccessary casulties when things are clearly stacked against him. Retreat can be strategic. The old axiom of cutting your losses is very apt and true. When this turns and it will there will always be time to get back in and profit.
Is the third time the charm??
SP 500 Channel with resistance levels
http://niftychartsandpatterns.blogspot.com/2010…
I'd have to agree. $TICK is not confirming today's gap up.
this is probably the bounce that Anna was talking about yesterday
we should come down soon, still looking for 1070-1080