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All I can to do in this limited amount of space is breifly describe what I see in the market or a stock at a given point in time
Outlooks or projections are purely speculative and can change materially at any time and without notice
Nothing presented here is intended to be given as investment advice
If you use any information presented here, you do so at your own risk

Wednesday, August 12, 2009

My bad for not posting here a little more, but CNBC just interviewed a floor trader on where the market is headed, and said "going nowhere" which is my thoughts exactly. Market not ripe for the huge selloff that the bears are looking for, but the dip buyers will be back soon and should run this back to the recent highs. My strategy is to get long soon and short the next peak ahead of Sep. That will be the best short entry IMHO.
Comments to that effect are in the chart notes. Looking for a range of 985-1018 for next couple weeks.

GL in trading

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