Your #1 Swing Trading Strategy & Stock Pick Site



FREE 30 Days Trial - MarketClub incl. Chart Portfolio - Smart Scans
draw trend
You Are Here: Home > Articles > Stock Picks > Cause For Concern

Cause For Concern
Sep 30, 2008

Picture

Tim Knight

add Slope Of Hope
More articles
Font Size:
Text size
Text size
Text size

Let me be clear. Nobody wants a rally more than me. Nobody. I would love to see another 1000 points tacked on to the Dow. I have a huge list of stocks that, if they can retrace, represent the shorting opportunity of a lifetime.

However, I'm wondering if today's rally is "feebing out" on us. I have closed my QQQQ and SPX calls for small profits. What I see is today's rally bumping up against some pretty big Fibonacci levels.

Again, if anything, I have a bullish bias right now. But I'm really wondering if there's any more juice left here.


Rate this article

 
 
(click to rate) 


QQQQ
C:47.4900

Rate QQQQ

 

(click to rate)


Back to top


You Are Here:Home > Articles > Stock Picks > Cause For Concern

BUY? SELL? HOLD?
Find out now.