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My Thoughts by TradesAfterWork - Nov. 4

My Thoughts...
The Bulls are doing everything they can turn the short-term trend back to positive. The Nasdaq Composite Index is up +6.22%, the S&P 500 Index is up +5.31% and the Dow Jones 30 is up +5.31%. The last 3 days have been very powerful for the bulls. Is it time to get back in yet? Maybe for some, but I am a trend follower, and although the short-term trend is very close to flipping to positive from negative, I am not comfortable yet. Remember, you will never catch the exact beginning of a new trend or get out at the top just as a trend ends. We are looking for the price action in between.


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