Sorry about the lack of posts since last Friday. Many things to do, so little time. I have managed to look at my positions each day and look at some potential new trades, but have not had the chance to post on the blog.
Update: I have lost all but three positions now and the market is in this frustrating state. All my indicators are pointing to an oversold state, but I don't have a bull feeling about the market. I am getting mixed messages and are not too sure what to do. As some one posted on a blog I read today, 'I want to go short, but all I see are longs. It is neither the right time to go short or long at the moment.' For me, a bullish sign is the Dow breaking 11248. A bearish sign will be the Dow falling below 10600ish.
I really really really want to get in some trades. I need to maintain my discipline and wait for confirmation. Time is on my side.
Cheers - David
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