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That's the way I see it. I don't want to look to look too heavily to the short side until the middle of next week -- will evaluate conditions then. QUOTE]Quote from pspr: What correction? Do you mean you are short March calls? Anyway, the last 3 days of January are historically...

No, but not riding the trend either.

I think that is one of the most important qualities.

Somewhat of a double ("W") bottom on this chart of the dollar. We could see strengthening in the dollar in the short-term / intermediate-term coupled with weakness in gold / precious metals.

If someone has found a way to use a particular indicator or strategy EVEN IF YOU CAN'T USE IT, more power to that person. The bottom line is profit / results, and there are many ways to achieve profit / results. I had a similar "conversation" with people about software recently. Again...

It may be useless to you. I find there are a lot of "disgruntled" traders who always want to say a certain indicator or all indicators are useless. No indicator is perfect. In my OPINION, the trick is to know when to use a certain indicator and when to ignore it, but also to understand that...

Those are decent guidelines -- thanks. The only thing I would add is to look at ADX in weekly, daily and hourly time frames for further insights.

Who is "the other side" that is being ignored?

See chart.

I still think this down move has more to go. Patience, patience.

Seems like the rotation game is trying to keep the market up.

Still needs to be said!

The bullish opinion / sentiment is extreme, but the trend and breadth are still strong. How long can the bullish sentiment last?

Pretty big reversal to the downside today.

Even when you're daytrading, I still think it helps to have a plan for where you think the market is headed that day and over the next few days as that will help you guage whether you're trading with the trend, against the trend, or are in an oversold or overextended market, etc.

Gold bounced this week but does the correction resume? I'm guessing it does.

As I've stated on ET before, I'm no techie, but I got 2 Viewsonic VG171b flat panels in mid-2002 with DVI inputs and these things are sharp and crisp -- still work great.

Surfer: I believe in the value of the software -- not Worden's opinions and commentary. There is a difference! :-)

Whatever, surfer. I know quite a few traders doing quite well who use TCNet, as do I. I subscribe to the theory (as you should too) that you don't knock someone else's strategey or software if it works for them.

No offense taken -- and I didn't mean to sound "snippy." I've not used Tradestation actively but have played around with it some. For someone who follows the KISS principle, it's way too much for me and all of the great features that you mention are worth nothing to someone who trades and...