which way monday, page-56

Hi Zoombie,
Don't try to second guess the SPX/US market, very very difficult at the moment. Price has been rising on low volume, which is actually bearish, but had you traded against it you would have done poorly and it could easily move up from here. Really, at the moment you can only trade shorter term and with the price action, price really is king at the moment. Unless, you are in for the long-long term with adequate capital for the current moments up and down.

Any movements "guesses" outside what the charts tell you is very dangerous, however if you can trade with the price action you will survive. As soon as you think your trade may be "wrong", bail out and wait for the next signal......

remember Price is really King, if your with the direction then "Reap", if not, bail and wait. It's as simple as that.

cheers