Re: Working in the Coal Mine.
So, spring must be in the air if you're going to work on your boat. But, then, as you say, you're always too early. <gg> Of course, I definitely suffer from the same premature something affliction.
Glad I dumped off the Cubes cargo Thursday at ~59.70. It looks much more better down here. I'll have my orders ready to go back in on Tuesday and assume the long term trend line will hold.
I readily admit that I don't know where down may be. But, until we break DJIA 11,000 and OEX 692 to the upside, the direction is not up. OTOH until we break DJIA ~10,500 (diamond) and NDX ~2,160, the direction is not down. Now, if those break then your 15-20% will probably come into play. In the meantime, I hope we just build a basing pattern on the Q's with $54 as the bottom. I know, hope is not an option.
The plan remains the same. Buy at some distance from the down trend lines and sell any where close to them.
Just A View from my week-long Temporary Location
TB |
