Monday, January 29, 2007

Still long

Was gone for the open so I remain long on NDX.

Not a clue what's next. Why fake it, eh?

I am getting near a decent buy signal and when it crosses will be adding to my trade. If I get an early sell signal instead I'll move to cash.

I will be long on 1/31 no matter what. Which makes me think that the market will fall in front of Wednesday. It's not suppose to be easy. It's suppose to confusing and hard to trade well. My expectation is the market will make it tough to be long on 1/31.

So, if we don't hit that buy signal by EOD, I'm moving to cash even without a sell. I'll go 1/2 long at the close tomorrow and finish adding to the trade at open Wednesday.

That's the plan right now. Of course, the market will do whatever it wants and the plan can change in a heartbeat.

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