Replies to post #26786 on Short Term Trading Member Forum

[pmiles]

doubleTake

I agree with you. My view is from a pragmatic trading point of view and sums up thus:

We have no confirmation of any kind that the market has turned down - no left translated highs, no overshoots to the downside on FLD targets.

We have confirmtions that the market is still trending up - new highs and Right Translated highs.

Therefore we have no reason to go short other than the estimation that a 4.5 year low is due soon.

Since we have no confirmation of that estimate we cannot trade on it. all we can do is be somewhat wary of our "longs" and use tight stops if we take them.

[dvdmogul]

lol "Just remember how fast the mood can turn from bullish to bearish. It happened in May 2006 with the market putting in a new high just before the collapse, and then the market couldn't get off the floor until July."

Price is an artifact of prevailing systems intent. Last years 06 shennaigans came on complete obfuscation, no one was really selling but programs SPENT ticks like mad to move the issues in the direction of need.

People must learn about how buying and selling are differentiated. Reflexive trading schools like soros, teaches that to Spend inventory; is the way to fool the public by arbitrary assignment of intent by programers, its an old methodology that should be stalked in conjunction with meet them at the window metrics.