It is time to sit back and observe the market action. Small investor like me is just a small fish against the big whales out in the sea. The Bears will try very hard to short and push this market down, however; beware of the Bulls whom might sneak up and turn the market almost to the close of the day. No telling what is going to happen, but there are times for us to sit back observer and organize a strategy. For a swing trader it is best to wait and know the resolution of market direction. Cash is king, wait till you see who is going to win, then make a sure bet. If you are an expert day trader, you must be tasting piece of bliss, shorting and going long same day same stock. Stocks like WLT and YELL worked just perfect for you, as a ?U? turn for a big intraday profit.
Posted by wizard2/marketarts
at 3:01 AM PST
Updated: Thursday, 24 February 2005 10:43 AM PST
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Updated: Thursday, 24 February 2005 10:43 AM PST
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