ETF SWING & DAY TRADING

[POKERSAM]

Denmo -- I have explained many times the way I trade. If the trend changes to up or we are in a position where I expect a tradable bounce I will move my 401k into the market. Other than that the market trend has little to do with the way I trade. The only other effect is it causes me to overweight longs or shorts in my swing trades. Swing trades that are in the same direction as the market always are easier and tend to be more profitable. Swing trades are based on a stocks trend, pattern and indicators.
Market direction is very important to those who swing trade useing etfs like the QQQQ. ETF swing trades last from weeks to months and are seen pretty well on Kenwong's charts.
I don't ride out whatever may come in any of the three arenas I trade in. I judge each set up in my stock swing trading totally apart from market direction. My scalping trades have nothing to do with market direction. My 401k is out of the market at present. When will I put it back into the market? When we have a tradable bounce or a trend change. Is there a number? no.
I have no problem with you setting a close below 2100 as your point at which you will put money back in funds. You believe that has to happen before we are in a trend change. I disagree but that's OK. Actually that will work out pretty well for you. You will miss the top but will still have a long way down to go. At least you recognize now that we have a significant pullback coming.

Good Trades and Merry Christmas,
POKERSAM