ES Journal Archive (2006 - 2008)

having opinions in this type of market can get expensive. The key is to get out of the way when you are wrong, nothing wrong with being flat. Tomorrow should be an interesting day.

 

Ya know, I wish I could just "sell and hold" and simply forget about it until it hits 500. But I know as much as anyone else that such a wishful thinking will never materialize because you can still blow up to pieces even if you happen to be short.

 

You can have a long bias in a SDD and still coming out ahead.

Proper money management is the key.

 

Swing trend remains down here although it's a bit long in the tooth. I will look only short until the swing trend reverses itself to the upside.

 

I have been in cash or cash equivalents in the vast majority of my portfolio for a year as posted here. The only way to stay in a trend for the long haul is to either be undermargined, no margined, or trail stops much wider than daytraders would ever do.

 

I'd like to think so but I have feeling a 10%+ down day is going to be upon us sooner than later.


hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={dd5e5642-09c9-443f-98ce-153eefdf68cd}

 

The sky is falling.


Can the T day crew strike again or are they sleeping after last night's show ?

 

835,894,and 919 supp,res,res for last 7 days on daily

 

I must wait for the bounce to resolve itself and then find the place to short. Swing trend remains down.