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.
Wednesday, November 22, 2006
Holiday Rally Underway
Whether or not we are nearing the end game for this bull run, stocks and the market in general are looking very healthy here. In fact, momentum has a chance to pick up significantly with market's in the East now in strong rally mode (even Japan, which until yesterday had been quite weak). Dell is up 9% after hours, which should spark a fire under the NASDAQ. Unless we get a sell-the-news response, it's a good idea to stay long and enjoy the profits.
We wish everyone a Happy Thanksgiving! Have a great weekend.
We will reopen for business on Monday after the holiday weekend.
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