Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 695.41

+0.5%

Feb 2 4:00 PM EST

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To: Dr. Stoxx who wrote (24475)	3/20/2002 8:43:09 PM
From: Dr. Stoxx	Read Replies (1) of 39683

In a word, "OUCH!" Lost 6 points today taking classic long setups that just didn't materialize in this unsettled climate. And only 3 winners in our last 10 trades. Not exactly up to par! This has me feeling a bit skittish now about entering any new trades for a day or two...just want to see where this market is going. The OEX is right at its bull flag support level (582), and if that breaks tomorrow, I think we are in for a longish period of unsettled trading. This is clearly a daytrader's market right now...and swing trades are getting whipped past key levels. May just try a few QQQ/DJX/OEX options trades (daytrades) until I get a more confident feeling for where we are headed. TC

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