I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Thursday, September 22, 2011

Sept 22 (2)

I still maintain the (unpopular) opinion that the count down is not an impulse. Current thoughts:

However, the bottom line is that I don't get too ideological on the count. I trade whatever the waves give me. And if I think the trend is up (like Tuesday) and my Trend System gives me a sell signal, then I sell. And if the sell signal strengthens, then I go short.

It always pays to have a system to keep you honest and on the right side of the trade, especially though all this murderous chop (especially when the range is more than most bull markets make in a year).
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