GLENO34 - JMHO - Why don't you shut out all of the NOISE and listen to Foot. He is by far the best on your board. His short term calls are pretty good. If you don't think I know what I am doing, listen to Foot.
You listen all day to medical reports, housecleaning reports, and cat updates. Then there is the conspiracy reports and PNF updates that have no relevance at all.
Thanks to capt the truth about the fed pouring money into the markets can be found in the link in the IBOX. It really ends all the Fed money crap.
Try to get a grip on the big picture and go with it.
Today we may get a bounce. Is it the end of the decline? NO
We have dropped big in the last 3 days. There are always corrective days in the primary trend. No big deal. Do not let those rattle you. Formulate a trading plan and stay with it. Look at my SPX Chart post. What is the primary trend? If you think it is UP then play it that way. If you think it is DOWN then play it that way. If the primary trend tops or bottoms you will have time to change.
Do not be afraid to set in cash. I got out of calls at 1535 which was not the top. I went short after the Ben Bounce but it was not right at the top. You do not have to catch it all, just the meat in the middle. Learn that there is nothing wrong with missing a move. There will ALWAYS be another.
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