Monday's Outcomes: None

I placed no trades today, and wrote no analysis. The handful of survivors from my first round of analysis all feel short. See "Monday Prospects: Round 2" for a discussion.

As I run through the charts, I'm seeing symbols that have pulled away from their highest high but have not yet established credible downtrends -- lower highs and lower lows. Perhaps it's a trend change, and perhaps it's a pause. Time will tell, and in the meanwhile, my methods are keeping me out of the market by flagging such charts as questionable plays.

Reference

My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.