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Big Stock Market Players Resume Tactic of Selling Into Strength

Friday, January 25th, 2008

Yesterday I wrote a post that discussed a foundation for a tradeable bounce and because of that analysis I recommended taking long positions in this market. 
Painfully obvious in today’s trading action was that the big players in this market have resumed their stance of selling into any scrap of strength.
Click on the chart below and […]

Stock market tradeable bounce or a suckers rally?

Wednesday, January 9th, 2008

The stock market was slowly spiraling into another abyss - which would have been the 6th day of huge losses out of the last 9 trading days - until the floor traders returned from lunch.  (We need to feed them more of what they had today!).
All joking aside, around 2:30 in the afternoon the stock […]