Tuesday, June 09, 2009

Seperating the noise





Market conditions have made it difficult to trade lately. The key is to separate the real clues of market direction from the noise and trickery.
Today the markets have been strongish, but at this moment things look to have stalled.
I have chosen to buy SKF and short TNA, GG based on the gap up then red doji on the S&P chart
As always, I don't know what will happen but it seems like lately you really need to look for small clues or real market direction and try to see through the noise.

Top chart - S&P and QQQQ


SKF














TNA













GG

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