living on day trading the index, page-9

Voltaire - thanks for the Pasevento article.

I am really unsure about whether it is a new bull market or a bear market rally. I must admit that with such a nasty looking wedge it increases the chances of a bear market rally but I can also pull up some charts that would suggest otherwise. I think I will just take the cowards way out and wait for the market to give a clearer picture. When we eventually do have a decent correction, I think we should be able to form a view.