Monday, January 28, 2013


We're sitting on the sidelines waiting for our next signal. The market keeps crawling higher where it will stop, nobody knows. We will monitor the long term trend and our MTT and look for our next opening. Right now the signs are mixed so we'll stay on the sidelines.

If the market jumps up we'll get back in. If we get a reversal then we'll take a short position. The key is to stay patient. It's easy to think we're missing some of these gains, but you can't win them all. We're looking for high probability trades and right now is not one of them.

Stay patient, my friend.

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