Sunday, February 21, 2010

Market Analysis and Setups For Next Week

Solid setups are not too abundant but i think that's a good thing. There is still lots of doubt out there! Stocks need time to setup after the beating they experienced these past few weeks. also i still see lots of doubt about this current rally which is also a good thing in my humble opinion. Seeing lots of people either looking for a pullback so they can get long or many traders very eager to get short but not many are willing to get on board right here and now. I think, the best way to play it right now it is to get long and stay long until that stops working. Controversial, i know, but that's what has been working. Technical analysis alone is NOT enough. Need to use A LOT MORE sentiment analysis in this current environment!

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