The market bounced off the 50% retracement level from 1982 lows.  I posted a long term chart a few days ago showing this. Today was the largest one day gain ever.  Let me tell you, this was a short squeeze. People who are short stock and want it to go down, found themselves wrong and throwing in the towel as they had to buy back their short shares on the open market to get them out of their position and stop losing money.  

I would like to see a continued rally just like most everybody else, but as traders, it doesn’t really matter which way the market goes for us.  We go with the trend and ride the waves.  Our basic strategy just takes a little piece out of the market here and there to get our daily goal, but we have secret weapons that we bring out when the time is right.  

Below are a couple of charts that show the exact entries of our 1/2 point entries.  We just need to get close to these entries to get our targets because there is a lot of room in most of the trades. Tuesday’s market will have live video of some of my trades. I will show you live how quick and easy I pick up my daily goal.  It should happen in no more than 10 minutes, possibly only 5.  You watch and see.  I will do this on the open of trading day. I do it every day, with no problem. Confident but still humble and cautious.

Until tomorrow.

http://www.screencast.com/t/4TgxIcUxE

http://www.screencast.com/t/VOW2HKqm

http://www.screencast.com/t/ODESdHVCj    This is a old live shot from last month.