weekend chat, page-58

not really feeling motivated but it's not sunny here so her goes ..I was short all week from the previous fridays close ...and managed to sell rallies all week so going with the tide showed a profit for me.I wen't on a bit about trading a bear markets as such ..sorry it's not everybodys style I know .I'm square as of early sat AM @ 3119 -3130.I never worry about trading for every point on offer and i don't pick bottoms or tops .you might say i'm more a medium term trader at the momment .overall the index lost 5.6% hardly bullish allthough I will conceed at present we are loosing a little momementum downside ..thats not to say it can't pick up again we'll have to wait and see .poeole have cxonstantly mentioned the dow in this thread and i understand why ..although i don't make a relationship myself ..but our market only seems to do anything when it does atm ..we get a move of the bat and choppy trading most days flatline untill a little rush at the close ..i can't make money when the markets choppy so i look medium term .I 've set some levels on the chart if anyone likes to trade off levels ..above 3277 we reconnect with the trading bracket higher .i'm not going to explain the yellow dots but there import to me ..the last one(right) is lower than the first (left) and that tell me the bears are still in control .we'll need to push above 3200-3240 and hold to be looking for upside ..failure here and we'll have stronger bearish control .if we break lower without a test i'll be looking how hard we break ..to stay short .
CRB index over the past 5 days is UP 4.62% @ 209.59
most major stocks traded on the nyse.. rio bhp wespac and news where down friday night .
good trading to you all.
beltin outa youtube
http://www.youtube.com/watch?v=Lrj5Kxdzouc
spi round up weeks end