The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Tuesday, September 24, 2013
Trader's market
Out of /ES longs @ 1691. I'm taking a wait and see approach. I will re-short a breakdown with the expectation of a move towards 1660. I think the market is still in the topping process and it will probably last until the 1st-2nd week of October with some sort of test of the recent highs. Until then it is a trader's market.
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