therfore, I'm going long, and it feels incredibly bad to do so. So it must be the right decision As I have been shorting recently, it sort of felt good when I did it, but it has ended up terribly terribly painful.
lesson learned.
Dont fight the PPT
Dont fight massive liquidity
Dont fight the trend
Ignore MACD's
Absolutely ignore fundementals
Ignore unemployment figures, especially if they are horrendous bc the market actually rallies on such news
Ignore Fib's
Ignore Head shoulders
Dont fight GS
Never short a dull market
Ignore obscenely complacent Vix (it can go far lower than you think)
Ignore reports the consumer is dead. It will never happen here.
Ignore reports that the credit markets are shrinking, and consumer credit collapsed.
As long as the dollar keeps falling, this market is rallying.
Trading 101
Started by
nimblebear
, Nov 10 2009 12:49 AM
No replies to this topic