Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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From: AllansAlias	7/16/2008 9:50:14 AM
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We can all see that things are bending toward getting long, but... As everyone gets all lathered up to get their nice long entries, I remind us all -- there is no need to be jumping in line for the appetizer. One can so easily wait for the upside damage to be done (i.e., a nice few up days), then leg-in on the down move. This way, your stop is so very obvious. It's the old "meat and potatoes" technique we've talked about for years, and a technique we demonstrated here in shorting the S&P back on May 29. I am happy to let things roll on for a few more days, partly because I am out of town, but also partly because I am trying to be disciplined about not picking bottoms. Cheers

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