RE-BUY?

http://i62.photobucket.com/albums/h101/asunblock/ES60minRe-buy.jpg
http://i62.photobucket.com/albums/h101/asunblock/ESDailyRe-Buy.jpg

I am considering getting back into my longs here on Friday, the eve of Rosh Hashanna. The level we are at in the S&Ps is exactly where I wanted to get in last week, the Daily and 60 minute charts look attractive per my trend support lines, and getting long would be in line with my thoughts that we are still headed to newer highs.

A few things that stand in my way are the following: 1) Holliday weekend and a weekend at that...I hate having positions over the weekend in a time where anything in the world that can happen, usually does on a daily basis. The thought of carrying a position with the inability to have a stop in makes me uneasy. The flip side of that is this: If I am every going to have long-term positions on, I have to get over this! 2) I am clouded slightly with my opinion that we are going to make newer highs and then reverse to long term lows. This opinion might be standing in my way of seeing what is really happening...which is something other than a clear long right here. 3) The Dow DID just make almost new highs, or at least reach the old ones...isn't that enough for my taste? No, but how do I know that for sure...

The answer is, I don't! I really do just have to go with what the charts are telling me, and right here and now, it looks like a long is not a terrible play. I will decide and let you all know (you all, being me, myself and I).

Good luck.

Andy