Tuesday, March 24, 2009

MARKET COMMENTARY (2-24-09)

Nothing has changed, and I won't be trading until my conditions are met:

1) Long: healthy, low volume pullback and successful bounce off of support for entry.
2) Short: initial breakdown on stronger volume and a weak bear flag for entry.

I am making investments in several non stock market related ventures and they have occupied my time more than I have anticipated. In addition, I am finalizing everything for my 10-day vacation in CancĂșn, Quintana Roo, Mexico (coming up in 10 days). I deserve one anyway. As a result, I have not traded for many, many days, nor do I plan on doing so until one of the above two conditions are met. That is all.




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