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Jun 30
2 Comments 2009 at 10.16 pm posted by Site Admin
“Analyze!” said I. “Analyze what?” said the brain. I felt analysis was necessary because I am now reaching a new and expanding audience. The struggle lasted several days because I kept ignoring the truth that I just needed to keep writing about this nutty, consuming, enjoyable, occupation. I over thought it and I kept over thinking it until finally it have become an obsession.
During my most recent trading funk I discovered something that has changed me as a trader. By going back to basics I realized I was trying to cover too much of the market. I was following hundreds of securities, over twenty ETF’s, and a dozen commodities markets.
Quint takes a look at what the charts have to offer, while sitting in a Tickerville member’s lush vineyard.
Bearish wedges failed once again on Thursday as traders squeezed shorts making up all the week’s losses. Volume was high and traders were left scratching their heads.
The market continues to come in as bears bring the heat. Technical conditions are eroding quickly and the action remains on the short.side.
