Thanks Truff, I am trying to hone my skills on being able call short to intermediate trend changes and being able take a piece of the pie in the middle, as are most are on this premier silicon investor thread - a place where there is no dominant ego or theme, it's a great collaborative effort here and everybody respects the market is right and not themselves.
I laff at the detractors that come around once and a while, who usually are contrary indicators at the time -g-
>>>instead of getting locked into a dogma about valuation, mania, etc.<<
well being locked into a dogma, bull or bear is unproductive for a swing trader, but we all have our own bias, but must be able to recognize that bias and exploit it, or become an amoeba on the food chain.
Given that, i am starting to throw in the towel on the July top, as the ndx retested the 4/27 and 6/22 highs on the shadow of a hammer white candle, reaffirming this as support and not making it resistance, for now i think the market may go up and retest the highs and possibly make a new high, i just don't like the pattern on the vix for a top and the fact that so many people are turning bearish.
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