and my overnight buy of YM that i posted in the forum made a nice profit look, the #1 rule of trading is BUY support and SELL resistance don't chase the dow was at support overnight. that's where you buy. then, set a stop. if it fails, great. that's trading. but more times than not, it holds everybody wants to talk down this market and jump in short. as long as that continues, the market is fine of course this can change at any moment. because it;'s trading
You got stopped out my friend, unless you trade recklesslly to make todays profit, Means you don't know where to drop your stops. Trading Talk is cheap, Once you start posting trades in real time, all talk becomes useless. You will be chopped/stopped out unless you really know what you are doing.
This is my post from 5/13. Did not want to write the whole thing again so just bumped it. The last week has been absolutely beautiful. Watch the bond market closely. My guesss is after S&P gets to 1240, we'll see a bounce to around 1280 and the sell-off that will come will take us into a bear market.
I called for Black Tuesday, but then it was another serious Red Wednesfay. Kinda like a day off. As I said, I have seen this before. Looks like I still have the touch.