Nirvana,
I am not throwing in towel I never had a towel. I am always straight on my views.
I am changing my views because trend is up, previous high taken out, I still think a correction will come @ 1440 SPX level. I have mentioned many times once 43.30 taken out on QQQQ we are going much higher.
My bias is positive for short period, why not make money while it is going up. My cost to go in and out is 1 Cent R/T on shares, my bearish bias was never total bearish, I was hoping for a 7 % correction. I do not think we will go and visit 22 on QQQQ in next 10 years.
I still think at 1440 we will have 7 % correction but I am now trading only my S/R with trend lines and some other stuff. I am experimenting with NERS also.
For me it is about making money not ego. I have made many mistakes in past and I am sure I am going to make in future also.
I was expecting move to 1440 from August when skies were falling. I was just not hoping for a straight move, I forgot new breed of traders are computer oriented and most of their programs are trend following system. That is also known as turtle traders. Turtles were partly responsible for 1987 crash, which they can cause again but crashes are managed better by PPT.
I wish every one would have a very happy Thanksgiving and safe holiday be careful out there. Good luck every one.
Farooq
