Day Trading – The Bullz And Bearz

Weak Preformance Bullz – Great Entry On Shorts Members

April 29th, 2009

Honestly, that was an incredibly weak showing after the Fed decision. Granted we did break the recent highs but only for minutes before quickly falling right back down. Looking at the chart below which shows in green the trading following the FED decision. We jumped up above resistance for a couple minutes then down we went fast. Once again, I point out the fact that this market has over-extended itself in more areas than one. Mr. Market, you cannot keep going up every day.

 

 

For those of you out there who know how to make money in both directions – today’s actions presented huge opportunities. Members and I made nearly 3% today alone due to the Fed sell off on one of our shorts after entering the trade early this afternoon. So, that’s 3% in the bag after say about 4 hours! We are stacked heavy with shorts and I feel great about all their prospects!

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