Tuesday, January 6, 2009

Breakouts





5 comments:

Anonymous said...

Low volume on the breakout doesn't concern you?

Stewie said...

oh yes, it concerns me, that's why i am limiting these plays for intra day trading. not swinging these setups. just watching them for day trades. i am very surprised that volume hasn't been more visible in the mrkt yet. doesn't mode for the bulls surely but for now, we need to just out these low volume rallies until they poop out.

Anonymous said...

Thank you for reply, your blog is a great learning tool for new investors like me.Keep up the good work!

Anonymous said...

hi steve, i follow the advice decline line acumulative chart a lot.
I see that the amount of improvement in the market internals is huge, even today after such a big selloff. the advance decline went did not go down by a lot.

whats your take?
lelio

Stewie said...

lelio: i do not any compelling reason to turn bearish short term here. This pullback for expected and of course bearish senitment to rise on down days but i do not any compelling reason to start loading up on srs and skf YET.

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