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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: TraderMann who wrote (11247)10/13/2010 12:38:34 PM
From: GROUND ZERO™  Read Replies (3) | Respond to of 220480
 
You're absolutely right, but I don't think anyone is really taking their eyes off the ball, just relaxing a bit... but still, for myself, I expect to see much higher levels for these markets down the road, I don't plan on trading it right now, just holding my ten ton position... we're setting sail with the outgoing tide for Australia and New Zealand in three weeks, and I plan to hold my positions for the duration, we'll return late December, so for 7 weeks I'll sit and hold what I have now... I bought very cheaply, I see no reason to play the short side for a few points when the broader trend is now higher, according to my model... frankly, I think the sail crossing the Tasmanian Sea may be rougher than anything this market can throw at me now, the current there is strong and can be unpredictable...<g>

GZ