Thursday, February 11, 2010

If The Market Can Stabilze: I Will Be Watching These Setups

The market needs to prove to me that it can handle bad news. If dips keep getting bought up as bad news keeps hitting the tape, that will be a cue to me that the balance of power is shifting back into the bulls camp. In this current market environment, you need to be nimble and you need to be able and have the skill to change your bias very quickly in order to protect your account. No time for hope and wishes. You need trade without bias or emotions or do not trade at all, sit out and watch from the sidelines, nothing wrong with that!

Good luck!

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