Is the market in an uptrend now??

[jayre]

Should I go long the market or short? Was it a dad cat bounce or a reversal?

 

[FreakofNature]

No one knows, anyone claiming the contrary is talking crap.

FoN

 

[Lucrum]

Quote from jayre:

Is the market in an uptrend now??

In what time frame?

 

[tradeavenger]

Quote from jayre:

Should I go long the market or short? Was it a dad cat bounce or a reversal?

Tomorrow is a key day. If it's up, the market going to 14000; down, the market going to 5000.

 

[Macho]

Quote from tradeavenger:

Tomorrow is a key day. If it's up, the market going to 14000; down, the market going to 5000.

Nice round numbers.

Since tomorrow is a key day, give me the key and you should be locked up for your own safety.

 

[Zr1Trader]

Just go with the flow .

 

[jayre]

Quote from Lucrum:

In what time frame?

Untill the end of the week or end of month? My question is to the people here that "trade with the trend" and claim to know when we are an uptrend and downtrend... I myself have no clue.

 

[jayre]

Quote from Zr1Trader:

Just go with the flow .

That's the question, where is the flow "now"?

 

[murray t turtle]

Quote from jayre:

Untill the end of the week or end of month? My question is to the people here that "trade with the trend" and claim to know when we are an uptrend and downtrend... I myself have no clue.

==========
Jay;
yes i like trend study a lot, but seldom use the word ''know'',
when it come to trends. I Prefer Probabilities, as a key words.

SPY,DIA are below 200 & 50 day moving average;
& have been for some time,an important institutional bench m,arks.[IBD, others & Make Money Selling stocks Short, by IBD founder.]

So no;
not an uptrend by most measures, & i like a good uptrend, like gold,GLD, which is uptrending, by most measaures...........

However MSFT closed above 50day moving average, may close above 200dma, Strong seasonals may favor MSFT, this quarter.

2001 Stock Traders Almanac, calls[not a prediction]. OCT a ''bear killer''

Frankly i wouldnt care how many or how much the shorts make on MSFT, this quarter;
BAC, C sector looks like a better downtrend/beartrend .Not a prediction.
Wisdom is profitable to direct.

 

[Lucrum]

Quote from jayre:

Untill the end of the week or end of month?

Which is it? BIG difference.

My question is to the people here that "trade with the trend" and claim to know when we are an uptrend and downtrend... I myself have no clue.

Determining what the trend if any, in a given time frame, up to this point in time is relatively simple. What virtually know one really knows, despite all claims to the contrary, is how much further/longer the trend will continue.

Determine your time horizon/frame

Determine the trend IF ANY in that time frame

Wait for a retracement to enter, preferably at a price where you don't have to risk too much to find out there is now a new trend in the other direction.