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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Davy Crockett who wrote (47734)4/13/2012 1:17:13 PM
From: Johnny Canuck  Read Replies (2) of 69827
 
Despite what the VIX is saying I have to admit the lack of the ability of the indices to string together consistent and consecutive up or down days is getting a bit concerning. Traders are reacting to every tidbit of economic news rather than signaling confidence in a specific trend. That is a reflection of the reality that no one is sure if the world's economy is recovering, slowing for a safe landing or going to dramatically slow.







There is really not much to do except set you trailing stops and let the market take you out of positions, hopefully at a profit, and then wait for the next trend to emerge. The next trend could be up or down.
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