22 replies to this topic

[hiker]

OEX remains in rally failure...a FACT.

anticipate all you want vs. the FACT...see facts in prior post in this thread.

sure it could still go either direction, but I prefer to stick with trading price FACTS vs. presumed support.

SPX

Edited by hiker, 30 October 2007 - 03:17 PM.

[NAV]

Hiker, There is no anticipation on my side. The hourly trend remains up and that's a fact. Period !. You are anticipating a change of that and i am expecting a continuation. As simple as that. What you are looking at is also perceived resistance. There are no absolutes in the market. I am not here to argue who's method is superior. I know you have a system and you are a excellent trader IMO. I have my system and i trade by my rules. Just because you say a rally failure does not turn the market or can make me go long. Just a couple of days back our dear friend traderpaul suggested right near the bottom to go short. I would have got slaughtered. Let's just share our thoughts here and not suggest what other traders need to do. Constructive criticism is ok. Humor is fine too. Best

Edited by NAV, 30 October 2007 - 03:36 PM.

[hiker]

60 min SPX