Market Maxing Out Frustration From Both Sides

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July 20, 2010

Currently I’m short. I don’t really feel these moves, because I’m away from the computer practically everyday now due to being on vacation. Its at these times I divert my attention away and ride the intermediate trend direction. Currently that is down, however, inside these intermediate term moves is room for lots of whipsawing.

This might be a mistake though.

The daily charts have been holding up quite well, while the weekly time frame charts are all down, but many weeklies are right on the cusp of catching on to what the daily time frame has been saying. This is now becoming a dangerous short trade. However, we could be doing the move I was looking for a week and a half ago. The one that changes my signals, and everyone else, and then the market rolls over everyone. Starting to feel like that is coming down the pipe.

I have very limited computer access where I am and am not watching my screens on a nightly/daily basis, so take what I’m saying with a few grains of salt. Can do that every time really.