The decision is made on that day.
Bulls and Bears have a http://en.wikipedia.org/wiki/Scrum_%28rugby_union%29
If you are a chartist then you would think we must obey the primary trend from 2007 -8, but the herd and the statistical war fare place odds to where there gut thinks the protection and profit will be.
Perhaps Madoff’s magic box?
That’s why it called a change of trend.
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The pressure will release where the cracks are.
A pull back would be the predictable thing; we are at equilibrium, so I don't know until I know.
Steam has a tendency to go where the cracks are; depending on the pressure, even if it's pointing down, it will eventually go up and then dissipate.
Waiting for the elements I rode a lightning bolt.
S&P 950 to 924 then 1000+ ?
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You may want to look at past videos at http://www.freetradingvideos.com/vlog/Events/default.asp?Year=2009&Month=07&Day=29
The archives at http://gannfann.typepad.com
and http://gicharts.blogspot.com/
I paid here: http://www.alphatrends.net/
I paid here: http://stockmarketvideo.com
You still have to read and explore everything they write and all the videos before partaking.
Their styles are very different.
I would say playing the stock market is as different as playing a piano.
Mega has his own style
Gannfann has his own style
Moise has his own style
Brian has his own style
All very different with a similar goal.
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You have to read very carefully and understand that these sound bites can be misinterpreted. I wrote a few days ago that I sold Jaso and Sol on 27th near the top, which I’m bullish on.
All stock have pull backs for profit taking. When it looses steam you have to take profit. If you are “certain” on the longer trends then you don’t worry about as many bumps. You have to respect support and resistance and head fakes.
Channels and spreads tighten and expand.
The stock market is like the elements them self. Surfing, hang gliding, mountain climbing, ping pong, swimming in the sea with sharks etc.
I said a few days ago that a clean up would happen before we could go higher.
And you have to understand that change of trends are a battle that go go either way. You bet on one only once you know what direction we are going.
Also you can get it wrong.
Look at some hedge markers books
-“Funny how my original plan, what, the end of July the market would die.”
I really shouldn’t even write in these blogs, without being specific.
Time is a very allusive thing
Months ago I plotted the S&P crashing at the end of July 2009.
This is why it’s better to take it a week at a time.
Who knows August sometime the 2008-9 Bear trend could continue.
I think the odds are it will.
Enough of speculation. No matter what you do. Cross reference your material.
