The First is Always Hard
#1
Posted 16 June 2007 - 06:40 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 16 June 2007 - 09:23 PM
#3
Posted 17 June 2007 - 08:29 AM
This sell that we had was the first good one in some time and they're always hard. Often fake outs.
Sentiment has shifted a little too much to the wrong side for me to be confident about a sell off.
I'm about at a toss up on up or down here. A lot of stuff has improved dramatically, yet there's a lot of Bears in some areas still.
I'm thinking hard about going flat IT and just play it very short term from here in either or both directions.
We'll see after all the data is in on Monday morning.
Mark
This is precisely what I've done. Just trying to make contact with the ball daily and get on first. I've been combing through plenty of groups and charts and doing plenty of ST and VST trading. The materials sector still has plenty of charts to trade from the bullish side--especially stocks listed on the .v or .to exchanges. Shorts aren't too difficult to find, either. I am finding the indexes very difficult to trade on all but short intraday time frames.
#4
Posted 17 June 2007 - 09:33 AM
Mark S Young
Wall Street Sentiment
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#5
Posted 17 June 2007 - 11:54 AM