By chinltong
So it basically means, selling has exhausted for the moment and buyers come it.
Here are my holdings in my IRA account:
By chinltong
It is difficult to make a case for new trade in the middle of a upswing or downswing, since most of the stocks move with the market.
Whereas if a stock bounces in a different direction of the market, it could be the leader, in which I like to take a trade. For example, if a DOWNTREDING stock bounced down in a up market, like today, it means it is weaker than the market. But I think the general market is in the UPTRENDING mode, and I'd like to stick with the trades, so I would look for new trends at the end of the pull back, it may come in a couple of days.
shorts: VIX
longs: sitting and waiting
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