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I guess the question I have is "Why have an opinion at
all?"
IMHO going into any trading day with a directional bias
is the wrong approach. Each night I prepare a game plan
for the following day for each market I trade. This
plans includes S/R points and is designed to trade in
EITHER direction depending upon the price action.
Having an opinion I have found will get you into nothing
but trouble. Make a plan, trade the plan, and focus on
the price specifics. Throw out predictions, forecasts,
and opinions.
Bob
www.rjhtrading.com
>Hey RT's
>
>I don't know about you all, but my gut feeling is the market is setting
>up for a fall. My long term indicators have gone "bearish" (5/6)
and
>my short term bias for today is "down".
>
>We had three market Bias indicators on TRADEHARD.com pointing downward,
>plus my own indicators (3/5). I am curious is anyone reading the
>market like this today.
>
>Ochoa (Hedgefund Manager) went short yesterday and is looking for
a
>target of 1325 in the next couple of days.
>
>
>So, for the day I will be looking for short trades on the 5 minute
>bars.
>
>JS
>
>_________________________________________________________
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>Get your free @yahoo.com address at http://mail.yahoo.com
>
>
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