The market is not showing its hands as to where it really wants to go. It looks like it hasn't quite make up its mind.......
........and that means I will continue stay in cash and not be a hero and attempt to act like Superman standing in front of a hard-charging freight train.
Back to the cave.
Sunday, May 23, 2010
Tuesday, May 4, 2010
Market Analysis
My remaining Long position (ATR) was stopped out last night for a small loss. I'm OK with that, as I think the market conditions are no longer favoring Long trades.
The NASDAQ has now broken the consolidation pattern, and looks set to be heading south. I will now sit on my hands and see what it wants to do. I may want to pick up some Short positions, but let's just wait and see.
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