Discussion in 'Chit Chat' started by dsq, Dec 5, 2008.
What are the odds of that happening...Staying the f out of this market.
Looking to see if if breaks new highs for the week. If it does, then very bullish. Accumulation/distribution also is very bullish. Time - as always - tells all.
Not great volume attached to this rally.
And yet we have rallied over 37 handles.
Who trades volume?
I trade PRICE.
Volume is great but is reasonable. Net accum/dist favors a Bull case.
this is a surge/wave of buying...Ive been inactive all week.Shorted a little but just nervous about the market all week.I told myself to chill out this week and just observe to see if something major was gonna happen today.Well it looks real bullish with this up move on horrible news.
Financials were solid all morning and even positive while market was neg.
and that warned me that this market could go against any shorts i placed.
you are trying to outthink the market, never works.
what are u talking about, it's all about OUT-THINKING the market (based on many indicators).
oh and more important is PATIENCE.
No it's all about reading the market !
It's about trading the market that you HAVE . . . and not the one you WANT!
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