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Balanced View: Intelligent Discussion of Market Trends
tradermanic - Tue, 30 Dec 03 :
Closed my shorts a little while ago, I had hoped the Dow would dip below 10400 when I would have placed longs on on 3 indexes. It didn't quite make it, so I'm left flat at the moment.
There are simply to many buys going in for this market to fall mid term to my way of thinking, trouble is timing, a difficult one to crack. The buys, or sells, do reverse the market, but it,s like reversing a ship of large tonnage, momentum keeps it going for a while, even though the engines are in reverse.
High time to rejoin the family, and to crack a bottle of Callifornian red, always another day to-morrow.
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