frtaylor - I've made comments before in the past that if the
market goes up high enough, I told steve we are going to keep the
index analysis a lot shorter and focus on hot sectors and stock
picks more often.
anyway let's get back to looking for some trade ideas and
setups.
Honestly the market could have done anything today, the Fed
statement and dollar fall gave the market a huge boost, if they
didn't do that this morning today wouldn't be up so strongly.
news does trump the
charts, especially in this environment where the market is
extremely volatile and there is talks of QE all the time. The
market gaps almost every day now, something that it didn't do that
much in years past so it's hard to get it right day after day.
Also don't let one day of the market going against you or what
you thought the market would do cause you to throw out tech
analysis on the market, markets do this, especially in today's QE
environment
Posted by frtaylor on 24th of Sep 2010 at 10:18 am
Thanks, Matt. I think it's a hard time for someone to jump into
learning about the market. So many new variables that are pushing
and pulling on things. No worries, though, by no means did I bet
the farm. Just down a very small bit overall. Mostly in cash. Your
site has been excellent for me overall, especially the GDX! Thank
goodness for that.
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frtaylor - I've made comments
Meaning of the big rally?
Posted by matt on 24th of Sep 2010 at 10:09 am
frtaylor - I've made comments before in the past that if the market goes up high enough, I told steve we are going to keep the index analysis a lot shorter and focus on hot sectors and stock picks more often.
anyway let's get back to looking for some trade ideas and setups.
Honestly the market could have done anything today, the Fed statement and dollar fall gave the market a huge boost, if they didn't do that this morning today wouldn't be up so strongly.
news does trump the charts, especially in this environment where the market is extremely volatile and there is talks of QE all the time. The market gaps almost every day now, something that it didn't do that much in years past so it's hard to get it right day after day.
Also don't let one day of the market going against you or what you thought the market would do cause you to throw out tech analysis on the market, markets do this, especially in today's QE environment
Thanks, Matt. I think it's
Posted by frtaylor on 24th of Sep 2010 at 10:18 am
Thanks, Matt. I think it's a hard time for someone to jump into learning about the market. So many new variables that are pushing and pulling on things. No worries, though, by no means did I bet the farm. Just down a very small bit overall. Mostly in cash. Your site has been excellent for me overall, especially the GDX! Thank goodness for that.