If you're short, I'm the sucker going long....: More

Friday, July 11, 2008

More

I hate day trading... My goal is to never ever day trade... and yet...

Like me and my goals are opposite.

I'm umn.. going to shut up now

2 comments:

tradewell said...: I can't react fast enough in this environment.

Swing trades only for me. Weird but true, overnight holds have been the least nerve-wracking and most profitable.; July 11, 2008 at 10:23 PM
Eric said...: I sometimes wish I stuck with swing trading.

From my observations, these fast moves Precede a "Near term low", It's a great indicator,
the order is. "Fast moves", "puke day" "Capitulation".
Usually after the "puke day", I start thinking we are going to "Crash"

I'll post about it this weekend,

I see one of 2 things after we "capitulate"

I guess it sounds stupid, but we could see a nice bounce that people will call bottom, Then reverse suddenly, and puke up 1500 more points.

I'm just saying Be on your toes Swing Trading. this time.

I keep Saying it but "EWT(elliot wave theory) is a joke", but it keeps making me money. and it's based on that that I see a fast little dead cat bounce.

maybe the rally will be a month, maybe a week. maybe 3 days.

and maybe this is just me thinking we are going to crash again.; July 11, 2008 at 11:25 PM

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