i like short here at 1954 but weary of what killer said regarding me fighting trends. Will just watch it. I've recovered the day into another winner (+5, -2, -2, -3.5, +4.5) = +2
Whenever I see price start to weaken, and I want to fight the trend, I will actually wait for them to push it up one more time, and then wait to see if it drops and erases that last mini move. This serves three fold, 1) price was showing signs of weakness before the move up, so I have that on my side, and 2) longs have effectively been trapped, and they will begin selling, and 3) shorts see a worthwhile price pattern and they begin shorting. Now I short and collect $
A goal that is dear to me is to pick up 100 es points in a 2 week period. I have 70 since last Monday. 30 to go.