Tuesday, February 23, 2010

not my market:

It seems I am struggling to figure out how to trade this market.  It's probably best I step aside then.  My focus on the 20 day MA is a good rule -- it seems all the strong stocks move above the line.  Below is a time of consolidation and danger -- and that's where most of the stocks I follow are.

 However, the HAO is above its 20 and consolidating there -- this may not be such a bad time in a few weeks.

 I need to relax.  Observe more, trade less.  See what is working.   IPXL was one I bought and it immediately went up.  Those kinds of over-the-20-day stocks are working still.

 You can't always win when the markets are not moving.  So stay focused.

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