Monday, August 13, 2007

200 day MA

I'm noticing a lot of my favorite stocks have recently touched the 200 day MA and it turned out to be a good time to play the bounce...

Will these stocks keep rising now that the technical bounce is done?

I'm thinking no but I have no money at stake anyway.

My guess is the market only appears to be stabilizing.

Song just popped in my head:

I see a bad moon rising.... I see trouble on the way...

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