Tuesday, November 30, 2010

Chopfest!

See the attached chart and you will quickly see why 1200 on SPX on the upside is so important and you will also see why 1170 on SPX on the downside is so important! Right now, we are stuck in between these two battle lines. Hence, the CHOP!

I hate trading choppy markets. Not sure about you?

Unless you are a very nimble trader, i.e. Entering trades quickly flipping them quicker, than it's best to chill out here and take a passive approach.

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