Thursday, December 24, 2009 9:22:37 AM
no doubt i respect people trying to make calls
but getting caught up in calling the market correctly will kill you
as a trader you need to have a neutral bias and just be prepared to react
gap at 1103 and bottom of major volume day on friday was 1093
these two levels are key for the bull
bull also has great support at 1110-1113
bears has no game above these levels
although we are getting ST overbought
but with VIX of 20 we should not expect a correction of more than 1-1.5 per cent
vix has a gap just below 22 - so vix should be hitting that level withing a week or two
having a LT strategy makes one sound credible and serious - kind of funny
but i have no clue - could make a guess - if anyone really wants me to
btw have a turn date for january 8
but getting caught up in calling the market correctly will kill you
as a trader you need to have a neutral bias and just be prepared to react
gap at 1103 and bottom of major volume day on friday was 1093
these two levels are key for the bull
bull also has great support at 1110-1113
bears has no game above these levels
although we are getting ST overbought
but with VIX of 20 we should not expect a correction of more than 1-1.5 per cent
vix has a gap just below 22 - so vix should be hitting that level withing a week or two
having a LT strategy makes one sound credible and serious - kind of funny
but i have no clue - could make a guess - if anyone really wants me to
btw have a turn date for january 8
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
