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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (86684)12/2/2003 7:56:44 AM
From: AllansAlias  Read Replies (4) of 209892
 
The next good trade for me is a short. I'd like to see SPX 1093 +/-, but I'd be happy with SPX 1083.

Things are very clear for me here (not necessarily right you understand, just clear -g):

a) This is, finally, the dessert potion of the meal, the meat and potatoes of which was finished in June.

b) We are in a new bull market.

For me, the dessert zone is SPX 1068 to SPX 1100. Obviously, that's a wide zone, so one has to either have a high tolerance for pain or a strategy for deciding when, in the zone, that the market is near done.

I'll be back online by the end of the week and we can compare notes then.

All the best, Allan
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