Market Still In Flux, Tomorrow Could Change Everything

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July 14, 2009

Market is still in flux, but with the Nasdaq up 1.2% in the after market, it could change everything I know and trust. If things roll up here, scenario 2 might very well be in play and that would put those higher levels of the SPX as a possibility. However, nothing has changed even with these past two days. Tomorrow though could be the beginning of a change. “Could” however, is not definite.

Sometimes its frustrating when I toy between which time frames I want to trade in. Right now I’m playing a swing trade where some positions are going into drawdown.

If I’m focused on short term time frames I could be capturing the swings in my 60 min charts. However, when I’ve focused on the shorter term time frames, I have missed the major trend. Its apparent that the market is trendless right now, so naturally the shorter term time frames are working well. I feel like the minute I swap over though, bam the break either up or down will happen.