Are you sure that wasn't the name of the beer you were drinking? http://www.sierranevada.com/ Pabst - Sierra Nevada - get it?
It is? Bulls Banjo NZDSPeCIALISt local_crusher drsteph Buy1Sell2 Mup polpolik krazykarl Bears Pabst Pekelo frank99 romik Neutral ozzy (bias in this thread)
certainly! Long term uptrend in monthly. If you are trading on the monthly only (and you can), it says stay long.
im talking in the trading forum. check the "S&P just made an intermediate top.." thread or others and bias is overwhelmingly bearish....
Without question, I have no idea how far a move will go. I reverse when I see reversal, you are correct in this assertion.
It takes a couple of years I guess. You don't need tons of money, you just need to place trades that are underleveraged, so you can continue with your life. Trying to catch all the fluctuations is an easy way to the poor house. Those two things are more important than having a lot of money. If 1 lot is all you should trade, then just trade 1 lot and don't be embarrassed.
I'm not sure where to start! But, I'll give you this to think about--From the Mar 2000 peak on, the market never pierced each successive reaction high all the way down. Also there are numerous higher RSI troughs and lower RSI peaks for a more active trader to exploit all through the chart.
114 participated in the recent poll: http://www.elitetrader.com/vb/showthread.php?s=&threadid=77474 31 ET'ers out of 114 are bearish. Frank