MysteryTrader's Commentaries
Jan
12
2007
Trading range with an upside bias?
by MysteryTrader
Overall Rating:
Maybe. Buying the dip seems to be working better, all of a sudden. With commodities collapsing, all that money has to go somewhere. Why not stocks? This does not mean that I am giving up my counter-trend, day-trading strategy. That is still working. If it ain't broke, don't fix it. The forces impacting the market are still very much a mixed bag, in my opinion. And so, I still do not see any reason to take on overnight risk or to be overly aggressive on the either the long side or the short side. Just trade 'em--maybe with a little upside bias for the time being.
Tags: vantagepoint | jobman | technical-analysis | price-charts
