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Re: GEN: Market Direction



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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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>