Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we: Buy at support; we take small, quick profits; and we use the 10/2 rule so that we never slip backwards.
Thursday, October 06, 2005
Nearing a Bounce?
Yesterday’s strong bearish follow through drove the major market indexes down through their daily support levels. This selling could potentially take the market down to a climactic reversal point in tomorrow's session. There is a good probability that the open will provide an exhaustive gap to buy into. When there is blood on the streets, bottom fishers come out in droves.
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