There Are No New Swing Longs For Thursday As Scans Of Over 900 Charts Fails To Produce A Single Long

February 28, 2007

The title says it all. I scanned around 900 charts from all my scans and only three looked somewhat good to me (CRYO ORNG SUNH) but something was wrong with all the charts. There was something I did not like about all of these. Either low volume, a cup without a volume surge that needs a handle, or a falling fund ownership and choppy chart pattern - whatever it was I did not like it.

The smartest and greatest traders EVER NEVER forced a trade if there was no trade to be taken. Today there is no trade to be taken and for me to go long anything today would be to force a pattern and produce a lie. That is not how I trade.

Last 5 posts in Free Archives Longs

Posted by Joshua Hayes | Filed Under Free Archives Longs 

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