I agree with you that this market is hard to trade. No money is
earned easily, if one is independent. Traders are a stern
substratum of the investor crowd, they can manage their risks so
that they could sleep at night. Good luck!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Steve also drew the triangle
unless you believe we started
Posted by junkmaylbox on 31st of Jan 2009 at 06:40 pm
Steve also drew the triangle in a similar fashion: http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p84620209002&a=157306645&listNum=11. 6200 on the $DJIA and low 600 on $SPX are conservative estimates.
I agree with you that this market is hard to trade. No money is earned easily, if one is independent. Traders are a stern substratum of the investor crowd, they can manage their risks so that they could sleep at night. Good luck!