if you guys listen to my letter last night (it was longer than
my normal intra week letters because I went slow and explained in
detail), but basically my comments echo Steve's, at best I think we
are due for a week or so of chop - it's a time to be picky with
trades, especially with the market, unless you see a decent stock
setup taking good volume - or do
otherwise the bounce in the morning stopped the the primary
pivot which Steve noted and is just meandering around in here
lrhoades - I would expect the charts to reflect that ahead of
time. The market has a way of sniffing things out...but it's always
wise to keep an open mind (adjust) and put on appropriate hedges if
long.
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if you guys listen to
The SPX would need to get back above (and hold ...
Posted by matt on 4th of Dec 2012 at 11:42 am
if you guys listen to my letter last night (it was longer than my normal intra week letters because I went slow and explained in detail), but basically my comments echo Steve's, at best I think we are due for a week or so of chop - it's a time to be picky with trades, especially with the market, unless you see a decent stock setup taking good volume - or do
otherwise the bounce in the morning stopped the the primary pivot which Steve noted and is just meandering around in here
What if talks fail on
Posted by lrhoades on 4th of Dec 2012 at 11:44 am
What if talks fail on the "cliff" and we go into next year? Does that trump the charts you think?
lrhoades - I would expect
Posted by steve on 4th of Dec 2012 at 11:46 am
lrhoades - I would expect the charts to reflect that ahead of time. The market has a way of sniffing things out...but it's always wise to keep an open mind (adjust) and put on appropriate hedges if long.