Comments on: Video: Does the S&P Have Any More Upside? http://www.thedisciplinedinvestor.com/blog/2009/10/27/video-does-the-sp-have-any-more-upside/ Investment Disciplines and Timely Advice. Fri, 10 Feb 2012 21:15:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trader Pro http://www.thedisciplinedinvestor.com/blog/2009/10/27/video-does-the-sp-have-any-more-upside/comment-page-1/#comment-9862 Trader Pro Tue, 27 Oct 2009 20:40:43 +0000 http://www.thedisciplinedinvestor.com/blog/?p=5267#comment-9862 Pullbacks like this have occurred 2-3 times on the way up from the March low. The 50SMA of daily bars works well, sometimes better than a linear trendline in a volatile market. Your risk tolerance, and your exisiting profit cushion determine your "strength" to tolerate the pullbacks, or to trade tactically with part of your position and lower the overall position basis as peaks peak, and pullbacks ... pullback. Using the 50SMA is still good trend analysis, it is just non-linear. Remaining profitablle is what counts, don't chase a move that is long in the tooth with big entries, just as you don't go short full steam at perceived "tops." Wall Street will shake you out if you let them. Good entries, and money management will keep you whole. It ain't how many punches you can throw, it's how many you can take. Size your trades accordingly, until you are solidly profitable in what you hold. You'll be amazed at the difference that having that "profitable perspective" makes. Best wishes. Pullbacks like this have occurred 2-3 times on the
way up from the March low. The 50SMA of daily bars
works well, sometimes better than a linear trendline
in a volatile market.

Your risk tolerance, and your exisiting profit cushion determine
your "strength" to tolerate the pullbacks, or to trade tactically
with part of your position and lower the overall position basis
as peaks peak, and pullbacks … pullback.

Using the 50SMA is still good trend analysis, it is just non-linear.

Remaining profitablle is what counts, don't chase a move that is long
in the tooth with big entries, just as you don't go short full steam at perceived
"tops."

Wall Street will shake you out if you let them. Good entries, and money
management will keep you whole.

It ain't how many punches you can throw, it's how many you can take.

Size your trades accordingly, until you are solidly profitable in what you
hold.

You'll be amazed at the difference that having that "profitable perspective"
makes.

Best wishes.

]]> By: Trader Pro http://www.thedisciplinedinvestor.com/blog/2009/10/27/video-does-the-sp-have-any-more-upside/comment-page-1/#comment-9861 Trader Pro Tue, 27 Oct 2009 20:31:16 +0000 http://www.thedisciplinedinvestor.com/blog/?p=5267#comment-9861 It is also possible that this is just a normal pullback to the 50SMA of the SP500 index. SPY 50SMA is about 104-105 <a href="http://www.finviz.com/quote.ashx?t=spyEnter" target="_blank">http://www.finviz.com/quote.ashx?t=spyEnter</a> text right here! It is also possible that this is just a normal pullback to the
50SMA of the SP500 index.

SPY 50SMA is about 104-105

http://www.finviz.com/quote.ashx?t=spyEnter text right here!

]]>