S&P  500 Futures Trading Blog

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Don't Listen To The Experts Regarding The Market

Wednesday, 22. March 2006
2/23/06 $25,000 - Current $27,162

The media's purpose it to sell advertising, not to give information helpful to making money. CNBC is the worst. When was the last time you made money by watching them.  Not me! I begin with a rant because the chart kept us flat yesterday which was a good thing, many others suggested going long and short which probably ended in a loss in either direction.  Our philosophy accepts that we dont know whats going to happen next and we simply let the chart tell us when to enter and exit. The chart is the ultimate filter of outside noise that allows us to maintains a solid game plan. The current volatility in the charts will play to our strength. Our strength is a clear understanding of what the charts are telling us. Today the chart is telling us to stay flat as there is no setup. Additionally after the big 16 point sell off in the S&P 500 futures market on the heels of another mulit-year high will require some sorting out. Our best trades come after these periods of "chaos". Stay tuned......


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