Itsa A No Fun, Fighting The FED
I’m going to get out of the way. All the charts have said DOWN for awhile now and they still say down. There is short term bounce potential because of the action or lack of action (today) of the Fed. I’m not complaining, but they have injected more money into the system than they did on 9-11. So they are definitely putting a floor underneath these levels.
Today I’m a weak hand. Actually this whole month has been crap for me. Depending on where we close, I might protect my cash and cover up.
The Nasdaq has been very strong over the last two days with the likes of BIDU, GRMN, RIMM, FWLT, and today AAPL kicking butt.
Related Posts
Recent Posts
-
Trading Movies 16 Jan 2012
-
80% Chance Of Showers and Down Move 12 Jan 2012
-
Finding A Technical Co Founder, It Ain’t Easy 10 Jan 2012
-
Two Positions and Waiting 05 Jan 2012
-
My 2011 Year End Review Infograph 25 Dec 2011