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Stock Market Technical Analysis For 07-23-10
www.guerillastocktrading.com Institutional traders have targeted trade the trend investors like us. With cold, evil, fashion, Institutional stock traders are selling into the up swings and covering shorts into the down swings to compact the swing range too narrow for most of us. This has created both to the upside and to the downside over the previous week. What has spooked bears like myself is that a certified higher low is now in place with confirmation on today’s chart. Like I wrote about last week, the life cycle of the previous downtrend channel has completed. We are now in nomad territory where a different channel is being formed. We do not have enough information yet to determine if we are going into a sideways trading channel, or an uptrend channel. When there is no clear trend, then what must trade the trend traders do? Walk to the sidelines and the protection of cash. At present we have been in cash two times over the past several weeks and when we thought a new trend had been established making us jump back in, it turns out we were head faked and murdered. I do not know about you but I’m weary of getting my butt kicked by the better prepared and armed Institutional traders. Someday we might have a Traders Bill Of Rights where the battlefield is made just, but for now, inequalities continue to exist amid professional and amateur traders such as Institutional traders have access to all limit orders, they have direct access to market makers and can make non-open …
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about 1 month ago
Thank you a lot for sharing your nice video!
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