No New Swing Shorts For Wednesday As The Market Is Still In A Long-Term Uptrend.

January 30, 2007

The market still can not get much going to the short side and if you have been paying attention to all of my recent buys you can clearly see that the big money is to be made on the long side. Let’s just look at facts: Stocks up over 10%: 24; stocks down over 10%: 8. Three out of four stocks follows the market and those three will ALWAYS outperform that one stock that does not go with the trend. DON’T FIGHT THE TREND!

If the market was in a downtrend on all time frames, these are the charts I would love to short.

MMM weekly

WYE daily

THO weekly

CBE weekly

NTRI weekly

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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