To Bob and Kos,
there is a high (99%) the uptrend will continue. To me, I do not think in a way i used to think 6 years ago anymore. I no longer believe in levels or pivot points (anything can happen, but if we know where the trend is going, we will be always right even though a bit tough time with whipsaw). The market can go up to whatever level it wants as long as there is demand. Vice versa for downtrend. Many traders including myself believed in those psychological area that we think the price would stop but it did not. There is one thing I keep in mind regardless of what indicators or strategies i use: if I am doing day trading, the swing traders must back me up in the market. If I am swing trading, the position traders much back me up in market. 2 cents.
LP
there is a high (99%) the uptrend will continue. To me, I do not think in a way i used to think 6 years ago anymore. I no longer believe in levels or pivot points (anything can happen, but if we know where the trend is going, we will be always right even though a bit tough time with whipsaw). The market can go up to whatever level it wants as long as there is demand. Vice versa for downtrend. Many traders including myself believed in those psychological area that we think the price would stop but it did not. There is one thing I keep in mind regardless of what indicators or strategies i use: if I am doing day trading, the swing traders must back me up in the market. If I am swing trading, the position traders much back me up in market. 2 cents.
LP