follow up: POT

                             
                                maximum intraday heat was less than 1% or 38 cents

Happy Holidays

actionable: POT

~ one could Buy here and now @ 40.00 with a fail-safe Stop @ 39.49 and the first Target around 200 DMA, now @ 41.95
anticipating first cross trade, we have a higher high in place, and now a first pull back to support at 10 week MA under development, and possible higher low
Risk Reward Ratio = 1/4 for the first 1/2 and if achieved a new fail-safe-stop will be @ B/E for a runner


The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

<a href="http://www.hyipdata.com">http://www.hyipdata.com</a>

Drawdown is something . . .

For me, trading is all about mastery: the mastery of markets’ complexities and the numerous challenges of self-mastery. From the perspective of mastery, every drawdown is something to be embraced. Drawdowns tell us that we have lapsed, either in our market mastery or in our self-mastery. Perhaps markets have shifted regimes and are responding to new factors, perhaps we have failed to remain consistent in the best trading practices that generate ideas, translate them into trades, and manage those positions. Either way, losing money has a purpose, to make us better. It does not have to be a threat to self-esteem, it can be an opportunity to expand and grow oneself.

Question ? Do we get a Santa Rally or does the Grinch step in !

Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.

awareness seems to solve things

"Theory is good for the intellect, but action is good for the soul. It's also good for your mental health, your physical health, and your pocketbook."
- Robert Ringer  

http://etradingrealtime.blogspot.ca/                         

S&P 500 cash

Trend is sideways. Status in bullish. Price is on a four day run.

Futures contract, chart below, showing a reversal bar today, around resistance area, suggesting a possible pullback.

There is no rule that say you must ( play ) be in the market.

"First, do not be invested in the market all the time. There are many times when I have been
completely in cash, especially when I was unsure of the direction of the market and waiting
for a confirmation of the next move." - Jesse Livermore