The Dow Jones Index rallied 124pts on Tues, 8 March 2011. Market actions for the past 2 weeks has been choppy. If you are being whipsawed, you ought to stop trading and stay in cash position.
The Dow is stuck in a coiled spring formation and looks to be storing power for a breakout move up or down. The sensible trader should be in cash now as he awaits the breakout move.
No comments:
Post a Comment