Tuesday, November 27, 2007

Afraid to Trade

Great post from Corey on today's wild price action.
"What’s unique is that, in the last four days, price opened at one extreme and closed on the other, only to reverse the momentum 100% each subsequent day, leaving swing traders sitting on losses caused by stops most likely – there’s no direction but there’s a LOT of movement.
Day traders have had the edge in the previous weeks."

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