The market went up as I had thought it would. I think we will get to 1460-1480 before we can tell if this is a rally in a bear market or just a big correction in a bull market. My analysis tells me that it is a rally in a bear market but I have been wrong before. Like I said in my earlier post that the market never goes up or down in a straight line, there are always retractments/corrections on the way. It all depends on how much you want to risk and how you want to play. You need to identify how you will play the game before jumping in. Value investors have made money and growth investors have made money, usually the people that don't make money are the one who do not know what their goal and strategy is; it's like any other thing in life. The people who know what they want in life and work for it are more successful than the ones that have no clue, kinda like the lottery winner who goes broke in a year.

TT, that's some good info. I have never used those but will definately look into it. Thanks.

Samsara, Were you watching the futures today? It worked exactly like I had said yesterday.....Bought at 1340 and got out at 1350. 10 ES points per contract comes to $500. I will post the chart over the week-end.

0_0, A bounce is a bounce, dead cat bounce does not mean a whole lot. This is not qtr end window dressing that usually happens in March, June, Sept and Dec. I was around in the last bull market and the recession, but I was in school that time so I was doing 50-100 shares and mostly swing trading. Could not afford to do more than 100 shares.

Looks like we lost Bri....