Good chance Market near a short term high.

Discussion in 'Trading' started by dgabriel, Nov 22, 2005.

  1. Adamned

    Adamned

    I try to make these posts as simple as possible. All people have the right to their perception on the market and its even better when they will put their money mouth is so I can glady part them from their cash. If you want scraps or a loss go short and fight end of year window dressing. If you want to lose money with enormous risk go long now. But the intelligent position trader should be exiting longs asap. This rally is no different than other its just hype. The market will chop about with an up bias in december probably giving a fake retracement to the buy and hold type. Faking them out, making them think 2006 will be a great bull run. As soon as January hits or maybe a little sooner that is most likely the time to look to get short if you get confirming price and volume action.
     
    #51     Nov 25, 2005