Monday, May 10, 2010

What to do, What to do

It's going to take a few days but we should get some kind of set-ups soon as we base under the 50SMA on the SPY -- we'll either get longs over mini-bases at that range or shorts against resistance, too early to tell.    Until then there simply is nothing to do for our type of trading.   Frustrating?  Of course. Especially with the current volatility in the market, but as a trader it's part of the game one has to accept -- the sidelines.

Until then, get some exercise, read a book, go kiss your spouse, and wait.