Sent Out at 8:10 Eastern

"At this point, we're setting up a Sell. We do have a FL/FS Sell signal, but so often these beautiful Sell signals that come after a missed move at a convenient time are traps. I'm very distrustful of the sell until, perhaps 10:00. Short is the right trade, but I fear there will be too much company at the current time."

The easiest trade must be viewed with suspicion. Frankly, I can't tell you how many times I've seen a great set up after a nice overnight move turn out to actually be a fade.

I don't have the tools to buy the market this morning for a big trade. I could scalp it long and that would have been great but I can't move quickly enough for subscribers trailing stops, etc. I'll have to satisfy myself with still being long IT and not being short ST.

Mark

Don't be jumping the gun, that trade is hugely countertrend.

Thanks for pointing that out, Mike. You're very right. Trend is up. Power is up. We're above the Bollinger Bands. No shorts until we lose momentum. Hard and fast rule. Mark

"At this point, we're setting up a Sell. We do have a FL/FS Sell signal, but so often these beautiful Sell signals that come after a missed move at a convenient time are traps. I'm very distrustful of the sell until, perhaps 10:00. Short is the right trade, but I fear there will be too much company at the current time."

The easiest trade must be viewed with suspicion. Frankly, I can't tell you how many times I've seen a great set up after a nice overnight move turn out to actually be a fade.

I don't have the tools to buy the market this morning for a big trade. I could scalp it long and that would have been great but I can't move quickly enough for subscribers trailing stops, etc. I'll have to satisfy myself with still being long IT and not being short ST.

Mark

Clueless post, Mark.

Here's the clue: Don't sort the easy, obvious set up. Second clue: Don't short a strong market. Wait for it to lose momentum. Third clue: a market that breaks above resistance when the best indicators say it should collapse should be bought at least for a scalp, if not more. Just case you missed. My approach is generally about 70% winners by itself. By avoiding this loser and by picking up a nice gain on a similar trade set up last week (instead of logging a loser), I've nicely improved my expected monthly return. M

"At this point, we're setting up a Sell. We do have a FL/FS Sell signal, but so often these beautiful Sell signals that come after a missed move at a convenient time are traps. I'm very distrustful of the sell until, perhaps 10:00. Short is the right trade, but I fear there will be too much company at the current time."

The easiest trade must be viewed with suspicion. Frankly, I can't tell you how many times I've seen a great set up after a nice overnight move turn out to actually be a fade.

I don't have the tools to buy the market this morning for a big trade. I could scalp it long and that would have been great but I can't move quickly enough for subscribers trailing stops, etc. I'll have to satisfy myself with still being long IT and not being short ST.

Mark

Clueless post, Mark.

Here's the clue: Don't sort the easy, obvious set up.

Second clue: Don't short a strong market. Wait for it to lose momentum.

Third clue: a market that breaks above resistance when the best indicators say it should collapse should be bought at least for a scalp, if not more.

Just case you missed.

My approach is generally about 70% winners by itself. By avoiding this loser and by picking up a nice gain on a similar trade set up last week (instead of logging a loser), I've nicely improved my expected monthly return.

M

Clueless? Who's clueless?

"At this point, we're setting up a Sell. We do have a FL/FS Sell signal, but so often these beautiful Sell signals that come after a missed move at a convenient time are traps. I'm very distrustful of the sell until, perhaps 10:00. Short is the right trade, but I fear there will be too much company at the current time."

The easiest trade must be viewed with suspicion. Frankly, I can't tell you how many times I've seen a great set up after a nice overnight move turn out to actually be a fade.

I don't have the tools to buy the market this morning for a big trade. I could scalp it long and that would have been great but I can't move quickly enough for subscribers trailing stops, etc. I'll have to satisfy myself with still being long IT and not being short ST.

Mark

Clueless post, Mark.

Here's the clue: Don't sort the easy, obvious set up.

Second clue: Don't short a strong market. Wait for it to lose momentum.

Third clue: a market that breaks above resistance when the best indicators say it should collapse should be bought at least for a scalp, if not more.

Just case you missed.

My approach is generally about 70% winners by itself. By avoiding this loser and by picking up a nice gain on a similar trade set up last week (instead of logging a loser), I've nicely improved my expected monthly return.

M

Clueless? Who's clueless?

Sorry. Couldn't resist.

This is NOT to say that I am not occasionally clueless. But I TRY to operate in discrete contexts where I DO have some kind of clue.