friday trading, page-31

the S&P is in a dream of a trend .. an obvious uptrend with negligible volatility.

666 + 553 = 1219 (last april high).
1010 (last july low) + 553 = 1563. it has to be a possibility!

remember ATH = 1576

666*2 = 1332. so expect some resistance here.

if the leg 666 to 1219 took 13 months, isn't it likely that the push up from 1010 will last at least 13 months?

also the S&P is in a bull market ... so isn't the leg up from 1010 the start of a leg 3 in a 5 wave sequence?

re our market...

the XSO is in an obvious bull market and above last april's high. the XJO is in a much weaker bull market and below last april's high.

i thought last week the tone of the thread had changed and that sentiment had turned bullish. wouldn't one expect that to happen in the middle of a bull move?

i think it's an easy stock market to make money in.

to increase the odds of making money i have the following criteria ...

1. hold a full position in stocks.
2. hold no stocks that are in the XJO.
3. hold no stocks priced below $1.00
4. in mid-january i made the decision to sell any stock that had not made a new ATH in the first half of the month and to use the proceeds to add to those stocks that i hold that had.

my position in stocks is unhedged (although i can hedge against the XJO should i wish.)