Me to Jim but I believe this time is different. And if you wait to get confirmation, the big move will be over! You either have to believe one thing or another or stay out.
You'll know you have conquered this Ritual when you can Catch a Big Wave and ride it all the way.
I use to try & push pennies together as a daytrader when I first started. It's the allure of instant gratification. Once you get past that, you can lengthen your time frame.
Me to Jim but I believe this time is different. And if you wait to get confirmation, the big move will be over! You either have to believe one thing or another or stay out.
$SPX 195 min
http://www.flickr.com/photos/47091634@N04/46223…
3rd reaction in 4TD's off the White ENV
what do you mean my stage 4 decline?
I started playing short positions last dec. .
until i see a good confirmed Stage 4 decline I will worry. Too many times i thought we were there and the bulls pulled a move.
thats right. at this point it cant happen until tomorrow.
we just dropped below red containment line on spy at 111.77. But NOT two consecutive 2hr (120) closes
alright.
You'll know you have conquered this Ritual when you can Catch a Big Wave and ride it all the way.
I use to try & push pennies together as a daytrader when I first started. It's the allure of instant gratification. Once you get past that, you can lengthen your time frame.
I see it too, we could go up there this afternoon if they plan to close the SPY above 111.77
yes, he has more capital than us I think! Not trying to get on your case Rip- sorry.