Trade Strategy 8.05.13 “Party Like It’s 1999”

The grind “up” continues unabated with “sellers strike”. I guess the Fed’s kool-aid is mighty refreshing. Once everyone has gotten drunk from the punch bowl, we know what happens then…next comes the hangover. But until that happens, “Party like it’s 1999”!

Prior Day High resides at 1705.00. If you recall, this was the exact top-end of our target zone…so any further advancement above this level and the altitude gets real thin…think hypoxia…which fits in real well with our kool-aid drinkers.

IF PDH is penetrated, THEN extended targets are 1712 – 1716. Any weakness calls for 1693 – 1696 zone to be tested. IF PDL (1695.75) is violated, THEN lower levels are 1684 – 1687.

Remained disciplined and take every valid PTG Trade Setup.

Good Trading…David

Habitude Eight
I can recover from any setback. I have an attitude of abundance. I affirm abundance in the universe. I know I cannot begin to count the stars. I realize the ocean doesn’t care whether I go to it with a bucket or a teaspoon. I know the market provides a river of opportunities. I invest in my capabilities. I will be happy with my results

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