« Day Two | Archives | Found in the Footnotes »
Tuesday, August 17, 2004
There Are No Perfect Rallies
It's funny to me how people are reacting to this rally. Those who missed it, which is the vast majority, say that you can't trust the rally because of the low trading volume. The problem is that I've never seen a rally which didn't have a problem or two in some manner. There are no perfect rallies out there. Just profitable ones if you're positioned correctly. So if you're waiting around looking for one to show up, you might as well pack your bags and give it up.
To much my pleasant surprise, we're starting to see the return of momentum players which have been absent for weeks now. Stocks on my trading radar this morning include VIP, NVEC, MTCH, WIND, CHRD, VITR, DKS, TOO, MALL, PHM, CCJ, SWIR, and MBT.
Posted by Kirk at 10:26 AM in Trading Radar | Bookmark | Feeds | Link |
