Market Egos

The market is full off egos
Every time Someone tells you I told u so , against the trend..
Then look to go with the trend.
Bears get proven wrong more often than right in a bull market.

Bull market corrections come in various sizes.
Read gann for details
my short version is
2-3 days
2-3 weeks
2-3 months
this is a bull market on steroids
Gann also allows for much bigger pullbacks but our markets haven't really given the opportunity to study those.... So I don't have much experience with other cycles.

This is also the premise of the tripple screen trading system
You trade with the direction of the higher timeframe trend
on a medium timeframe pullback
with a shortest timeframe breakout
Basically you get the most excited when
in a bull market
Bears come and tell you "I told you so"
(bears making money for 1-2 days = force index dip)
Then when the bears get proven wrong on the shortest timeframe
You have a situation where
its 2 vs 1

long tf+shortest up with mid tf in pullback but not down.

If you want to learn how to trade the tripple screen
a) read alexander elder (www.4shared.com or your local bookstore)
or
b) buy a trading system from me and i'll give u a tutorial with it.