Wednesday, February 4, 2009

Between A Rock and A Hard Place





The churning and grinding between that tight consolidation pattern continues....

6 comments:

Tushar said...

Why not look for a potential move up from here?

Stewie said...

tushar: most people are leaning bearish and expecting a breakdown from here. i am honestly leaning long on any weakness bro.

Tushar said...

I understand your view. But when everybody is gambling here and nothing is trading based on any fundamentals or potential earnings and only on just hope and plans, why look for 'potential' move up? It probably be a 'pussy' move up.

Stewie said...

decline looks mild off the open. i prefer long, than short. good luck.

Stewie said...

tushar: i hope you see why i was leaning long, heavy doom and gloom right at support and the decline looked mild with many key stocks showing strength: gs, aapl, ma, v, goog, smh etc.

Tushar said...

I can not do day trade and so I understood potential move up like a sound move up from Monday. We got move up today on Thursday and if that was a potential move up; we are good to go long for big rally probably from tomorrow. Good Luck as well.

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