Don't get fooled again

Thursday, July 10, 2008

Market continues to fight, but thats normal in these market conditions. With the extreme weakness in the markets traders will grab onto any glimmer of a rally. You need to step aside and understand this is how bear markets work. They continue to lure traders in then disappoint them again and again. If you are going to trade to the upside you need to be out fast. Stay in stocks that have momentum and buying pressure i.e.the solars the last couple days. Hedge your longs with the VIX