Monday, September 21, 2009

Monday interim update


As I pointed out before, 90 minute charts bridge my intraday to swing trade models. The above 90 minute chart of the RUT illustrates the difficulty of trading in-between markets. It looks like it wants to go down, but won't.

(No wisecracks please, just stating the case for waiting it out.)


A

4 comments:

Jeff said...

Hi,

I just wanted to point out that OREX appears to be running today. Allan, thank you so much for the heads up.

Allan said...

Jeff,

Thanks for the reminder, I never did get around to describing how the OREX pick at about $9.20 came to be. Ten percent in ten days should be explained, I'll try to get to it soon.

Anonymous said...

A lot of stocks running. Thats what happens in a bull market when there are few buyers and most everyone looking to sell.

Anonymous said...

Hey Anonymous - I think you have it backwards. Its basic economics, supply and demand. Demand is high and supply is low, resulting in price increase. So, what you want to say is, there are a lot of buyers and few people who want to sell, therefore stocks are running!

If you what you said were the case, where there are few buyers and most everyone looking to sell, the stock price would plummet!

Regards,
R