SPDR S&P 500 (SPY)

[2bit-nothing]

YRT1,

Monday's reversal was not typical. The price level was sitting at an invisible level of Bull/Bear equilibrium (listern to this weekend's TTheory comment). Using Expertrader's quote "the trend is your friend except at the ends"..But the ends are difficult to locate and are more important.

You know you should try like NM, if you have a 200 DOW points rise against you, get the hell out. If you are insisting on staying, play also the other direction. This way you will make money on at least one side to boost your morale and you may even get even. Average down on the loosing side is brutal, and look at what it does to your morale. Unfortunately, most people hold onto their loosing trades for too long and get out at the first instance the market goes their direction and loose the opportunity to ride profits in their direction too.

2bit