Just wanted to say PERFECT on your trading rules. I wonder how many people have read scanned them and ignored them. Anyone who's been in the markets for a long time (successfully) would consider those rules the holy grail.
confused trader: don't be confused, the SPY chart id the setup i was watching yesterday but today the charts have morphed into what appears to be bearish looking ones now. Pull up a SPY chart after today's close and you'll see the DOW and SPY look similar.
Stewie,
ReplyDeleteJust wanted to say PERFECT on your trading rules. I wonder how many people have read scanned them and ignored them. Anyone who's been in the markets for a long time (successfully) would consider those rules the holy grail.
-Adam
Stewie,
ReplyDeleteThe DOW and SPY charts look the same to me, but you have the DOW breaking lower and the SPY ready to move upward from the reverse H&S patter.
Confused Trader
hi adam: i agree with you 100% especially the one about never taking big losers. EVER!
ReplyDeleteconfused trader: don't be confused, the SPY chart id the setup i was watching yesterday but today the charts have morphed into what appears to be bearish looking ones now. Pull up a SPY chart after today's close and you'll see the DOW and SPY look similar.
ReplyDelete