Friday, June 22, 2007

Vacation Day !

That is what you should do with the markets today. The small rally yesterday is a trap for the bulls. Take a day off from entering any new swing trades today. Today the volatility will spike and the swings in the major indices will be more extreme.

This makes for a good day trading type of day for the experienced trader. But for the swing/position trading this is a day that will just leave you nauseous from the seesaw motion today.

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