I wasn't even in the market or trading back in 2008-2009!! I have not looked at the market or a chart since 2006, until June of this year. Honestly.
SPY at 118.50 area. ET was short at the bottom despite the few in here who were bull at the bottom. Where are the folks who were saying the trend is your friend?
The trend never bent which is the reason why I'm still in my long trade since last Tuesday. Nothing else for me to do but to trail the stop higher and enjoy the printing press. http://www.elitetrader.com/vb/showthread.php?s=&threadid=226737
who says that it is a "trend" ?? Prove it to me that it is a trend. What I mean is this: when I studied at the CME I was taught there is not just ONE trend - hotshot. There are ST trends, intermediate term trends and LT (major) trends. Further in this 'shell game' of a market that we have today... who is to say what is a "trend" and more importantly -- WHEN it will reverse or end. Where did you study? Let us know you credentials.