Tuesday, March 17, 2009

What a lousy day!


Nothing interesting out there to trade.I am not going to force a trade like I did yesterday eventually not making money due to a lousy stop.I miss the 200points swing days.Bulls are not ready to take profits and bears don't have the conviction to drive it down.We are stuck in a lousy middle .I'll wait till the last hour to see may be something tiggers a move either way.
I have had a bearish bias so far, but I think time has come to start looking at some bullish setups as well.I was so convinced that we'll move down after being up 5 days that i didn't even bother looking for a longs.I need to prepare better guess I am still a litte rusty.

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