CNBC 20 YEARS

Several weeks ago I wrote a blog about how traders were picking bottoms and continually getting stopped out on their longs. Here were are , CNBC has done an about face and the talking heads are as bullish as ever. The fear of going down is over, and now the fear is the market goes up and your or we are not in. This is a warning sign, but untill the market stops going up you can not fight it. The S&P is up 28 % in 8 weeks. Huge move right. Sideline money now has fear that they are not in the market. This could could push the S&Ps possibly up 30 to 35 %. The key is untill the market reverses is that you have to go with the trend, which is up. The event that corrects this market could be the Reit market, the unemployment numbers the Bank Stress Test, who knows. The key is to wait for that moment , to look for signals in the charts of blow offs or rounding tops, or island reversals.Use the Epiphany method to keep you in the game ,do your home work and take quick profits using stops to let your profits run.We have large gaps below that eventually will be filled. You can be sure I will let you know when we break into those gaps. Untill then keep your powder dry scalp the market and take profits. Please come to the Conference and get a friend to come as that one Saturday will bring something positive to your trading that you will always remember. Let it be your Epiphany moment in your trading success. Have a great Friday, trade with confidence and conviction, and enjoy the warm weekend. Regards , Frank