OCTOBER 31 2009
MON chart, click HERE!, profit taking. Where are the bottom fishers?
UUP, above 23 chart , if the US Dollar Index continues to rise from here, then it would be quite bearish for the S&P 500 (stock market), Crude Oil, and Gold, (and – of course – the Euro).
OCTOBER 28 2009
I trade mostly SP 500 stocks, Average Return on Investment 25% per quarter–click here!
Profit taking is different than market correction.
The market is still profit taking–where are the bottom fishers?
TWM, looks like it should come down now, but RSI 64, tends to get a life of it’s own, so RSI 70-75 could happen, that’s why I have $35 as a possible target price, short term.
The problem with profit taking, is it creates a lot of falling knives. Falling knives, wait for the first up day, and then go long.
Meanwhile FSLR is down 12% in AH—I’m glad I stayed out of STP,WFR longs.
Click here for trading record