Tweet *****Once again I'm confronted with the "Where are we going?" question and once again I can only report what I see are possibilities. It would be nice to be able to tell everyone with certainty that the markets are definitely going to do "this" or "that" but I have learned that it's best to be open to changes rather than be closed to them for one simple or, perhaps, not so simple reason: Choice
Being open to market change allows us infinitely more choice than if we stay steadfast to one position. I tend to liken staying steadfast to being frozen, and maybe even being in fear. Of course, that is maybe too simplistic as both sides have their challenges. Too many choices may make us equally frozen by indecision (fear of making the wrong choice) or perhaps too active; whereas, if we restrict ourselves and remain steadfast in our position, we may find ourselves stuck with riding markets against them and then again, if we can hold out long enough, we may be proven correct in the long term.
Nobody said that trading is easy, nor that more choices make trading easier. I can only say that the choices each of us make are strictly our own and that they reveal our conviction and direction. Therefore ultimately we make the decision of the possibilities we see, as to which direction we travel. The Markets take all the choices in consideration: up, down or sideways, and will follow the consensus made up by the many, thereby creating more possibilities and choices, ad infinitum.
Happy Trading. Living and Dancing
The Weekly Outlook ~ $DJIA $SPX $NDX for Week of 16 September 2013
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