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Showing posts from September 29, 2008

Thoughts....

I hope the market is down hard off the open tomorrow. If it is, I will be taking more profits from the shorts I've positioned myself in over the past couple of months and tightening my stops up on what I keep. Although my sentiment for the long term remains bearish, everything I'm seeing tonight screams a bounce is near / probable. I may be not successful, but I'm going to trade the charts accordingly. Remember, if you want to be a pro, you have to trade like a pro. That means you buy support.....you sell resistance......and you take ALL of the subjectivity out of the equation. When the charts are wrong, their wrong. You take the loss and move to the next one. I've posted a few setups below I've added to my radar heading into tomorrow. If you want to see a full version, simply click on the picture.

Index Watch for September 30, 2008

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Setups for September 30, 2008

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