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Friday, December 4, 2009

2 and 1/2 Month Coil

The global indexes have been forming a very large coil. Look for signs of a large break out at some point in the near future. Look for prices changes in comm, the dollar , vix, and oil to give us a hint of which way we will go. Remember my model " A BIG KISS". Kiss meaning "keep it simple stupid". The market has no emotions, so when your trading it you have to teach yourself the same. Wait for confirmations,have conviction and trade. Limit your losses. Sell half your profits and let the balance run with a stop to protect the other half and move on. Good luck today. Frank

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