Posted on March 24, 2009 by Adam
Just as the 800 level acted as an area of resistance on the way up, it will now become support for this pullback. Yesterday’s rally, on top of an incredible week last week, made it clear that big buyers have started to enter the market.
I want to be on the same side of the trade [...]
Posted on March 12, 2009 by Adam
Over the past three days, I have started to notice some singals that have me bullish on stocks for once. I’ve been consistently saying that the market had been getting more and more oversold, which would likely result in a sharp rally. We got that rally on Tuesday, which has followed through nicely over the [...]
Continue ReadingPosted on March 6, 2009 by Adam
I keep hear people droning on about whether or not “This is capitulation?” Everybody seems so focused on whether or not today will be the day when prices wash out completley forming a bear market bottom, sending us into a roaring bull market.
If that’s what you’re looking for, just give up.
Even if we do get [...]
Posted on February 25, 2009 by Adam
Good Morning Traders,
Yesterday’s sharp rally came as no surprise to me, given the grossly oversold nature of most broader market indicators. As such, I was able to reap the rewards by positioning myself slightly to the bullish side.
After the rally, we have inched our way north from extreme oversold levels, but an enormous amount of [...]
Be on the lookout for an extended pullback.