Online Stock Trading | What’s Next; Positioning Myself for Continued Cash Portfolio

What’s Next; Positioning Myself for Continued Cash Portfolio


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Monday’s last 10 minute breakdown showed stocks are still decisively negative.  The trend is clearly down or the path of least resistance is down.  Whatever the reason for the breakdown, it happened and it happened very fast.  At any rate, the sell off was a clear indication stocks have a lot of overhead resistance to work through.  A sign that there may be worse things to come.  Strangely enough we are in an attempted rally as Friday began Day 1, but do not be fooled as there is little buying interest in this market.  We continue to face a toxic market where wild intraday swings rule the roost and cash continues to be the best medicine to avoid this carnage.

Enjoy

MS

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Comments

One Response to “What’s Next; Positioning Myself for Continued Cash Portfolio”

  1. What’s Next; Positioning Myself for Continued Cash Portfolio : Monster Stock Trader on October 28th, 2008 2:00 pm

    […] What’s Next; Positioning Myself for Continued Cash Portfolio Share and Enjoy: […]

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