We will hit 1500 before we hit 1000
- Thread starter failed_trad3r
- Start date
I misinterpreted what your poll was about and did not interpret it liberally. I only considered 1500 and 1000. I thought yes meant we would go 1500 before 1000 and no meant we will go to 1000 before 1500. I saw only two choices. I did not read into a ânoâ selection that sideways was implied.
All right I can begin to see where you are going with this. I took the question differently as âDo you see us going gung ho bullish and straight up to 1500â or âDo you see the bear returning and were going straight down to 1000.â This is what âhitâ 1500 or 1000 implied to me.
When you take out the time limit there is another option. If you asked me are we going to see both 1500 and 1000 in the next ten years my answer would âsure I can see both happening.â Then it would not matter which we hit first because I'm a trader not an investor.
When you take out the time limit there is another option. If you asked me are we going to see both 1500 and 1000 in the next ten years my answer would âsure I can see both happening.â Then it would not matter which we hit first because I'm a trader not an investor.
Ok everything is ready to move higher, all indexes in the green and ready for another close higher into the closing, reits very strong today and financials just turned green and headed for intraday highs, keep buying the overbought market and hold out because the manipulation is just getting started.....
Shortie and S2007S thanks so much for your comments. The 1 or 2 year time range or the intermediate term is in line with my planning going forward. During the past 20 years of my discretionary (30%) and automated (70%) swing and position trading I have learned to evaluate the markets and my trading at end of each quarter (which Iâm doing now.) As part of this evaluation I force myself to do an in depth market assessment using analysis techniques I have honed over the years.
When I write this analysis in to my log I try to write this evaluation of all my swing trading and position trading from an intermediate term perspective. The 3 options I have written about in the past are up, down or sideways market trading. However, this is one of those few times of my years of analysis that I would not attempt to choose any of these directions as a future projection.
Donât get me wrong my automated swing trading can handle all three directions. If the market goes up or down Iâm prepared. Well if the market goes sideways Iâm not quite as prepared. I have not traded my sideways or range bound strategies for some time.
So what I was after in this voting from the other traders is their intermediate term perspective on the markets. So until I figure out what to write in my log it is go with the flow onward and upward.
When I write this analysis in to my log I try to write this evaluation of all my swing trading and position trading from an intermediate term perspective. The 3 options I have written about in the past are up, down or sideways market trading. However, this is one of those few times of my years of analysis that I would not attempt to choose any of these directions as a future projection.
Donât get me wrong my automated swing trading can handle all three directions. If the market goes up or down Iâm prepared. Well if the market goes sideways Iâm not quite as prepared. I have not traded my sideways or range bound strategies for some time.
So what I was after in this voting from the other traders is their intermediate term perspective on the markets. So until I figure out what to write in my log it is go with the flow onward and upward.