Sunday, May 24, 2009

Traders Play Defense In A Weak Market

With bad news larking around every corner it looks like this up trending market is here to stay - or is it. If you listen to the talking heads on tv you don’t know what to believe, but if you listen to the chart it tells you what is going to happen. This market has moved up mainly on weak volatility. Its been short sellers covering their short positions, like I have been, and buying stocks that are squeezing the shorts out thus pushing the stocks higher. If you look at the chart you will see.



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update 6/25/09

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NEW UP DATE 070309
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new update 07/11/09
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