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.
Tuesday, October 18, 2005
Volume Levels Problematic
If the market can hold on today gains made over the past two trading days this week then we are likely to see a run back to long term overhead resistance. If however the prices start to weaken at their current levels and start to roll over, then it will mean this market rally we are in was very short lived and had no steam behind it. Poor volume levels yesterday indicate that bulls may already be running out of steam.
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