No New Swing Shorts For Friday As The Market Is Still In An Uptrend From The March 21st Follow-Through Day

March 29, 2007

Even though I am not taking any shorts due to the fact that 3 out of 4 stocks follow the general trend of the market. That trend, while it may not be a great upward beast, is still not in a downtrend and unless the market is in a downtrend I simply find it too dangerous for me to risk my capital fighting the trend. The greatest traders of all time did not fight the trend. Why should I?

However, there are some stocks that are clearly breaking down and/or showing signs of putting in a significant top. I am sure there is another RYL in here: PAYX ETFC KMX KIM

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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