Sunday, June 14, 2009

Sunday afternoon post

Next week will be an opex week. Market could be as tricky as possible. I believe experienced traders will watch more, but move less. In general, bulls are little by little lacking of their strength of pushing the market higher. But timing is everything for a trade. It is probably not the time to go with heavy short positions, even though you have a very strong bearish mind.

The Pivot Trend System remains its buy signal as of last Friday, but as you know, the system is a short term player. As for me, I am flat with no positions at hand.

By the way, I have a plan of improving the current Pivot Trend System and hope that I have time to work on it.

Hope all had a relaxing weekend.

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