this a traders market. at the stage of game, your only choices...

this a traders market. at the stage of game, your only choices are to sit tight or ride the waves as best you can.

some weekend reading for anyone interested:

The McMillan Weekly
This bear market has shown just how nasty it can be. On Wednesday, new $SPX closing lows were made -- below the March and January lows. Then, on Thursday, new intraday lows were made. The Dow had already violated its lows last week. Selling spilled into sectors that had previously been strong; in fact, it was nastiest in those sectors. It was as if hedge funds and other large traders were saying, "Sell what you can, not necessarily what you want to." This is certainly a bearish development and opens up the downside for a whole new leg down, modulo any rallies that might spring up because of an extreme oversold condition.

rest of article at link:
http://www.redoption.com/commentary/462/