Just a quick update. rain hail or shine I am liquidating my positions at the close today, while disappointed with the move of the index market it looks as tho the 1250-1300 is going to be a more serious level to crack.
Is the Santa clause rally over, by my work the answer is yes.
As a bear trader I think its important to recognize that there is a time for everything going short and long.
I'm sure that in the coming year great profits will be made both long and short.
As I have said I don't think going by my work next year will be bad as many expect.
Sure mistakes will be made but hey we are human...not computers..just look at the fed...lol
Tomorrow while there are still positives to prop the market higher astrologically there are also negatives kicking in.
Experience has taught me that when the market starts showing negatives this time of the year the moves can be extreme with low volumes.
As trading might quieten down I will respond to many emails
Cheers
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
As this is being written ES 1238.25
Is the Santa clause rally over, by my work the answer is yes.
As a bear trader I think its important to recognize that there is a time for everything going short and long.
I'm sure that in the coming year great profits will be made both long and short.
As I have said I don't think going by my work next year will be bad as many expect.
Sure mistakes will be made but hey we are human...not computers..just look at the fed...lol
Tomorrow while there are still positives to prop the market higher astrologically there are also negatives kicking in.
Experience has taught me that when the market starts showing negatives this time of the year the moves can be extreme with low volumes.
As trading might quieten down I will respond to many emails
Cheers
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
As this is being written ES 1238.25
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