With the announcement of the firm intention towards the resolution of euro debt and greek crisis by end of this month- is it still possible we can see another 10-15% decline on the ALSI as is the general consensus.
manicks,if you trading don't look too far ahead or trade according to what you or the analysts think...let the market take you in and let the market take you out...don't try to take the market in and don't try to take the market out..eh , did that come out correct Simon?
Thank you all, im trying to determine which is the short term direction so i can trade in that direction. How can i do that? Can i use the major supp/resistance levels on the alsi to find turning points. Looks like strong resistance betw 31000 to 31500, perhaps one could short around here with a close stoploss
if your sysytem or criteria says short around there, then short.If you wrong the market will take you out...the market could still take you out if you right because stop loss is not related to market direction...