Monday, June 25, 2007

The market

If you have not noticed by now the market is choppy! tons of swings, a very emotional ride. Thats why right now is a good time to sit on your hands and wait. I have a bearish outlook right now as i have for a some time now. Today the S&P broke its 50ma which had been support. Im still not ready to run in and short every stock i can find, its too choppy for that. If your a day trader you should be loving the movement we get intraday, if your not, then your probably getting a rollercoaster of emotions.

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