Have been reading quite a bit this morning. It seems, from what I read, that quite a few people expect a crash below Oct lows and a descent into depths of hell. Markets have a way of fooling most if not all. So, I'll be very careful if I open trade (very big IF), and will give technical levels a wider berth than my usual.
I see no particular reason why I should be a hero. The long side has been weak, and the short side is too obvious. Technical Trading in small doses is what I will consider if I feel the urge to trade irresistable.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago