Tuesday, December 20, 2011

The strongest type of market

We are "leveling up" today. Tthis is where we pop and then consolidate, only to pop again, and consolidate at the next level.

Sure, we are short term overbought here, but the A-D line is +2300 and the $TICK has barely gone below 0

Until this changes, I'm not looking for any more shorts, even for a scalp

It's tough to just close your eyes and buy up here, I get it, but waiting for a setup in the direction of the trend is better than trying to fade it.

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