The New CS Board

[ahimsak]

My system says to buy, my gut says to short, so am not doing anything for now. May short friday, if we get to 1533.

Makes sense for a drop on sequester-italy, but dont fight the fed.

Last, RSI was so high last sept, and pretty high recently, they both say another new high is a sure thing before the bear strikes. So spx 1533, or even 1570 before a bear is likely.

So why not play the upside? One sure way to lose money is to play the upside at the end of a bull market, as individual stocks are hard to predict, and the top will come quickly.

Being a momentum player, with tight stops, is the way to go for now.