Chart, technical or trading average can be manipulated, With big wars chest in Hand, G.s and gang easily manipulate trading number.. I have long throw those (Chart, technical or trading average) out of my trading strategy unless the SEC regulate or overhaul the trading platform which should be quite sometime to change I will not complicate my trade strategy with unreliable statistic ..
Like I said, QE is on, interest rate at near zero, there is still room for the stock to run .... just beware of the bear trap on the way...
Be patient there will be big money to be earn in short.... timing is important....
Talking of the news from Germany and French really surprise the market which come just in time to counter bad news from U.S will this be the trend where a good new from one economy counter bad from other economy? Time will tell.
Thursday, August 13, 2009
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Keep loss @ average 1004... planning to reposition long..
ReplyDeleteBuy 5 position @ 997 ... planning to reposition long
Buy 5 position @ 997 ... planning to reposition long
ReplyDeleteRight now my average S&P @ 1001
ReplyDelete