55555- we have had 95% longs on this site, our
cautious tone at the moment doesn't me we are short or bearish,
it's just caution, which is prudent after a huge runup, however we
play the trend what ever it is up or down, and it's obviously been
up. Just because I might say, the market is quite overbought
and to be a little cautious with breakouts doesn't mean I am saying
to go short, it's just a caution.
Just like when you drive a car, if it's raining outside, it
doesn't mean you don't drive, you just be a little more
cautious. The market is quite overbought here, and of course
it was quite overbought before, it can get more overbought, however
all it means is that you trade the trend, but don't throw caution
into the wind and get complacent
lets post some trade ideas or useful charts so that we can all
benefit.
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55555- we have had 95%
Are you short?
Posted by matt on 17th of Mar 2010 at 10:25 am
55555- we have had 95% longs on this site, our cautious tone at the moment doesn't me we are short or bearish, it's just caution, which is prudent after a huge runup, however we play the trend what ever it is up or down, and it's obviously been up. Just because I might say, the market is quite overbought and to be a little cautious with breakouts doesn't mean I am saying to go short, it's just a caution.
Just like when you drive a car, if it's raining outside, it doesn't mean you don't drive, you just be a little more cautious. The market is quite overbought here, and of course it was quite overbought before, it can get more overbought, however all it means is that you trade the trend, but don't throw caution into the wind and get complacent
lets post some trade ideas or useful charts so that we can all benefit.