Wednesday, August 18, 2010

No Conviction

The market is directionless.  It is not an environment where I see a strong trend developing.  The midpoint of this lack of conviction is ES 1098, or SPX 1100.  We have been vacillating between SPX 1070 to 1130 for most of the past 3 months, excluding a few days below 1070.  We are right around that midpoint.  Most traders including me do not have much conviction in this environment. 

7 comments:

Anonymous said...

Hey Petsy come back to us. Jammy.

Anonymous said...

and best wishes from J12 ... he says he misses u. hehe.

@Owl : trade gold -there is the trend !

Petsamo said...

Hey Jam, except for Woodruff & Williams, I miss all you guys very much. Unless Woodruff lifts the real name requirement, I can't come back. :(

Anonymous said...

hey petsamo.. why don't u tell woodruff thats ur real name ..
i did the same LOL..tell him its ur first name..and u dont use second name

Anonymous said...

also to help you out tell him u r from russia and here is the proff that its a name

http://en.wikipedia.org/wiki/Battle_of_Petsamo_%281939%29

see u in FTV chat ..soon

Petsamo said...

I thought about giving Woodruff another alias that sounds like a real name. What's he gonna do, a background check? ...

Anonymous said...

Hi Petsy, this is SuperB, come back to FTV.