The JAE16 Experiment

[jae16]

If the market continues in this downtrend, just about anything long will fail. Bottoms will drop out, breakouts will fail, it will be ugly and painful. Gainers will be few and far between. Sticking to your plan is the best plan.

my strategy is to find short sales now...

[IIC]

Well... If the market continues in this downtrend... this play on WIRE will inevitably fail... So I am sticking to my stop loss of somewhere around 15.20, and hoping that the market makes a turn up... However, I am not holding my breathe...

SELL SELL SELL

HOPE is a 4 Letter Word...But we are all guilty to one degree or another.

One thing...And you are one of the people I have thot of recently regarding this...Please don't give up on the Cups w/ Handles and the ones you are trying to find forming a cup...Those types are great in a bull market...even a short term bull.

Good time to study up so you'll be ready for the next move. Try and backtest if you can.

I made a bundle from late April thru late Octboer playing the CwH types...Went back to day trading as the market crumbled but I'll be ready when a new bull market starts...I won't catch the early stages of it...I'd rather wait for some confirmations...And I don't think it will be any time soon either...Meanwhile, day trades have been a bit tough too except for the Ultra ETF's...So I'll concentrate on those until they don't work anymore...WHATEVER WORKS!!!

[jae16]

Well I got out of WIRE at 15.40, that was a loss that I was willing to take... the market just is not providing the correct conditions for the magic to happen here...

I sold short FCX at 82.50 and bought to cover this morning at 79.50... so not so great but not to bad aiether...

For now I am gonna get into cash and just watch... I would like to short some ... but my tech analy. is not good enough to do too much of this, at this point...