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Market plunge further, Did you go long?

5 min Emini Nasdaq 100

Hi,

The market is ranging narrowly and trending down at the same time. There was an article I wrote before that exhibit similar behavior. As you probably guessed, I stayed out of the market today...

Would you go long from the stochastics cutting up? ( Look at circle) . When you know that the general trend is down, do you go long? The answer is NO! You don't have to trade if you are unsure. Just stay out of it.

Posted by Michael Taylor on January 15, 2008 5:35 PM |

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