Market trend?

The way I see how the market is going is no longer based on technicals. The market is now running on it's course based on news and fear of what is happening to our economy. However, to be on the safe side I will trade less in this upcoming week and just observe when the market will stabilize itself. I never rush into a trade unless I know what I am doing.

However, as far as I am concerned my recap on gains for November is running shy of 30%. The reason why most of my trades are successful because I limit my loss with stop loss of the losing trade and let the winners run. I am hoping to get into a trade in this upcoming week.

Tips: Any more negative news will bring in more panic selling for most stocks. In most cases when market that has been run down more than 100+ points and doesn't recover around 2 PM it usually leads to more selling at the close. However, most of the selling has been done last week and I expect it should be bottoming and reverse.