Tuesday, February 5, 2008

Market just overreacted to backward looking news


The retrace was anticipated but not to this extend. However, now the channel is established and until 612 is violated to the down side and tomorrow's numbers are 632, 625 and 612. It is still treated as ABC corrective waves until otherwise.

2c

2 comments:

elam said...

You are funny...still wearing those rose colored glasses are we? backward looking news..lol

We are going to get tons more of backward looking news in future.

2cents said...

Well, not rose colored and I will change colour according to plan. I am committed to swing trading and not fence sitting. It takes gut to take the emotion out of trading. You know one of the advantage of trading index as opposed to stocks is that a bad situation can always be turned into a good one. Just remain claim at all times.