NEVER ever take a one day rally at face value. There is no holy grail, no magic indicator and nothing that will tell you if there is a rally, actual TIME itself. I got on top of the first rally on second day and went heavy on the third day and got out by the fifth day because I thought we might something akin to the 6 day war in Israel but we didn't and I came to my senses quickly. I have also looked at some other leading threads yesterday after the close, wondering if they felt also that there was no real rally and the indexes closed disappointingly and that reaffirmed my opinions. Don't be betting the house and the car and your kids' education on a "speech indicator".. I'd rather lose a bit of upside than have the market open well below my buy point and ignoring my stop which it can easily do. Ask those holding NWRE, CERN and AFFX, did their stop trigger and save them? NOPE.
,,,,, We have a clash of the titans coming up both the fundamental realities of earnings season PLUS the bombs which are now replacing "candlesticks" in technical analysis.
Marketgems will do its best to post trades, but we are steering clear of 'random trades' and scalping for 'stalking the better and longer term gains'. No more risk taking. BY playing strong sectors (techno-fundamental strength) alongside possible momentum plays (technical strength but guarded fundamentals) we can overcome the next few weeks(months) of what promises to be difficult trading. Scalp less, trade only clear set ups, exercise more caution and don't believe this will be a cakewalk, it won't.
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