Thursday, August 27, 2009 12:38:02 PM
Market correction in September?
The first week of Sept is usually the last hurrah for Bullishness as Usually the markets correct through Sept expiration.
May or may not get a rollover?
The morning dip found some support but now the market might see renewed resistance? Would definitely use some caution if Long and set some Stops and lock in some profits. The first week of Sept is Usually where the markets start to turn weak but things might be starting a bit early, maybe. Consolidate into middle of next week would also be a possibility. I think by next Thursday the markets will look for a downside correction though, if not earlier. Will just have to watch and see.
Good Trading!
The first week of Sept is usually the last hurrah for Bullishness as Usually the markets correct through Sept expiration.
May or may not get a rollover?
The morning dip found some support but now the market might see renewed resistance? Would definitely use some caution if Long and set some Stops and lock in some profits. The first week of Sept is Usually where the markets start to turn weak but things might be starting a bit early, maybe. Consolidate into middle of next week would also be a possibility. I think by next Thursday the markets will look for a downside correction though, if not earlier. Will just have to watch and see.
Good Trading!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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