If you know me from earlier, you perhaps know that I am a longer time-frame trader. The theorem to co-relate trading time-frame with market trend goes like this: in sideways markets short term trading may make some sense. In down market or up market you will make chump change versus what you would have made if held on steady and just go with the trend. I made next to nothing in the up market pre-bubble times. and I was never trading inflated crap (like the nasdaq) after the bubble I realized (after talking with some people who became millionaires during the bull market and sold out on the top) that short term trading can be expensive to your health and pocket book. I am not trying to evangelize anyone but as long as you have some money and we have clear up or down trends - it is always time to make money.