That's great, but there is always the next trade. It's like a dog chasing a hubcap: what's he going to do with it once he catches it? Fine, we dropped and some maybe caught the decline, but now 1/2 of the drop has been retraced. Do you take the gift offered by the bulls and short again (more), or is it a bottom and time to look for longs? It never ends and it's never obvious until it has happened. But nothing is ever obvious before it happens, certainly not yesterday and certainly not right now with the spx rebounding from -18 to -9. There will always be the indicator(s) you can look at that called the move, but next time it's different, and the next and the next.
I went long when we got back inside the hourly bands.
M
