InvestorsHub Logo
Followers 0
Posts 309
Boards Moderated 0
Alias Born 09/15/2004

Re: longdrive63 post# 7624

Monday, 02/07/2005 3:55:50 PM

Monday, February 07, 2005 3:55:50 PM

Post# of 51861
Seeing the market as it is now,
this is the trader's highest priority.

At this moment, the market's stance is bullish.
At the same time, no one knows what happens next.

I am present-moment neutral and
will remain so until I see the SPX attack
1210 to 1217 like a pitbull with volume.

If I see a nice setup for a run at the top,
this too will be a high-probability trade.
I anticipate the setup taking a few days,
but that is simply projecting a possibility.

Since January 1, the market's performance
has been limp, and this keeps me neutral
even though the chart setup is bullish.

The Hurst cycle analysis is interesting,
but the market needs to verify it by
breaking the overhead resistance.

Until this market breaks one way or the other,
no one knows what happens next.

Speculation is futile.

No desire, no fear.

Black
Join InvestorsHub

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.