Tuesday, November 10, 2009

micromanage

As a swing trader, I don't need to watch every tick.  But I find myself doing just that.

I need to spend time doing more research, finding more promising stock ideas with good chart patterns.


Today was lousy day with most China small caps selling off.  The market appears to be elevated by some hidden force that keeps goosing the big cap index names higher, preventing any kind of selloff.  There's clearly outrageous manipulation going on here. 

But then again, China keeps putting out great data.  This is why I own China names.  It's best to buy them and not get too concerned about the daily action.  The swings will happen if you let them. 

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