Thoughts....

I didn't need to, but I posted a few more aggressive setups that are at or near actionable levels. If discipline is maintained, they all offer minimal risk.

Although it feels like the bottom is going to fall out any moment, I don't have a clue where we're headed over the short term. There's no point in trying to predict the bottom because it's an impossible task. Until things clear up, I'm going to poke along and control my positions by following the rules that help me survive. My trades will continue to be around key and objective S/R levels.

Comments

elkate said…
Hi Again,

One more question, looking at your charts are you planning to go short on SMN and SKF at this environment with tight stops?

Thanks again for your commentary,


Elad.
November 20, 2008 at 6:02 AM
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