This post is really for those individuals that have a bearish long term view but also desire to participate in the rally. Put another way, what is a reasonable plan for getting long the market but being the first one off the train when it goes off the tracks?
The first part of my plan was [...]
I’ve been through a lot of charts this morning and I am seeing both bullish and bearish setups. I don’t see strong evidence to support taking a bullish bias or bearish bias. With this in mind, I am trading small right now and trading out of a hedged portfolio. My current bias is a little [...]
STOP WHIPSAW
I don’t usually post 1 day charts, because I don’t consider myself a day trader. For me, unless a particular day has significance (such as when the descending triangle on the Dow broke 8000, huge 1 day drop on the dollar, and so forth), I generally consider each day as somewhat unimportant to the [...]