DislikedAmazing how many people are still expecting a correction to come "anytime now."
It's not going to happen.
This downtrend has JUST started,Ignored
- If you are a position and fundamental trader like PT you would sell and hang on for the ride off the monthly, weekly and daily charts.
- If you are a swing trading momentum like me off the daily or 240 you will ride the momentum train whichever way she wants to run and keep an eye out for the train to stop.
- If you are intraday trading or scalping like Gopher or Buma you are trading whatever opportunity she wants to give you at the moment, taking the money off the table and letting her tell you what she wants to do next.
Money seeks yield and all this market needs to produce a face ripping rally that can leave your shorts in the dust in this thin year end trading is a good rumor or a little hopium out of Europe.
I don't care which way the market is going as long as it's going my way