I guess if you call a top often enough you'll eventually be proven right. These links you're providing are excellent fodder for those fixated on some mythological percentage retracement as reason for a market turn. Instead of criticizing you I should thank you, of course.
Well calling a top or bottom, is a losers game. TRUE But being aware of the elevated risk is not foolish, and adjusting portfolios for defensive reasons is not. Either adjusting or liquidating positions depends upon how much leverage one has, does it not! Signing off..
Yes I agree with all this. I suppose everyone has their own methods of judging support and resistance.
This reminds me of the "dogs of the dow" stratgey. The best trade will be to fade this when it stops working.
I don't know..... do the Chinese, Indian, Saudi, Jap., Korean, Russian, etc. traders take their long vacations to the Hamptons also during this time of the year? It's a global market now kiddo, witchcraft and superstitions will only get you killed sooner than later. Trade what you see, take what the market give you, but always live to fight another day! Good Luck!
Many people have a bear feeling. What is paradoxical. That actually prevents from being with the market and profits. If you want to make something safe, trade volatility. VX Futures. Long on the SP5 market, Long on the Vx, when dip come, short the SP5, and let run profits on VX. Dont forget expiration. This will edge. Not so costly! Always place stop orders out of vola! Philippe [artes : http://www.linkcity.be/fr/nasdaq ] [Please vote at the last link below] See there : http://www.elitetrader.com/vb/showthread.php?s=&threadid=87990 ============ and: http://www.elitetrader.com/vb/showthread.php?s=&threadid=93543