I know, I was surprised to see that comment. However, trading the indices has just been terrible, shit I closed out a trade last week with $120 profit when "before" HAL 20000 was turned on I had many many $1000 days, and even a few $5000 days in the index futures. $120 f'n bucks and closed out because of scared of losing it. Really it just ain't worth it. If you can trade all day, and follow the best setups from Breakpoint Trades and other cup and handles and such...I think you can bank coin, but I don't have the time to monitor those, especially the thin stocks that also move the best and turn on you like a viper. Now that I threw in the towel.....that must be a top!
Trying a new indicator, Simple Moving Average Envelope, no opinion yet. And Fear Factor just keep pushing the Bollinger higher....that is what a Santa rally looks like. i will say it again, in these markets you need to be either super smart or allow yourself to be dumb. The smart get gamed.
The Euro has seen big retraces, over 61 Fibo, Buy and hold doesn't work (or sell and hold is really what I mean), nor does tilting at windmills. This PRS channel is pretty good, although wide--if we get a 5 month walk down, it will probably stay in that channel.
