it's better to short weakness than to short strength, but if you
must try to pick the top then you have to play small and use close
stops. Sometimes it takes MANY attempts to get the turn, that is
where discipline takes over. Might be better for you to wait
for a clear reversal, and m.a. crossovers. The second mouse gets
the cheese.
PA- just for interest, what happened to the first mouse?
As an anology, thinking the longer we stay at these lvl, the
more shorts (first mouse) we draw in; fuel for a squeeze esp if we
get close to Dow 9000; can get ugly.
it's better to short weakness
sorry no charts...
Posted by PA on 22nd of Jul 2009 at 11:48 am
it's better to short weakness than to short strength, but if you must try to pick the top then you have to play small and use close stops. Sometimes it takes MANY attempts to get the turn, that is where discipline takes over. Might be better for you to wait for a clear reversal, and m.a. crossovers. The second mouse gets the cheese.
PA- just for interest, what
Posted by gan_ on 22nd of Jul 2009 at 12:06 pm
PA- just for interest, what happened to the first mouse?
As an anology, thinking the longer we stay at these lvl, the more shorts (first mouse) we draw in; fuel for a squeeze esp if we get close to Dow 9000; can get ugly.
Posted by PA on 22nd of Jul 2009 at 04:30 pm