december short term trading part 1, page-96

Arrgh Hotfire,

I've watched those stock recomendations on The Bull for a while now & checked them on the chart.

Often (but not always), the Broker recomendations appear to be stocks that are being sold off (Do they want us to buy into their selling).

The "hold" stocks are much more interesting on the charts, usually.

and the "sell" are often (but not always) already sold down (so you would sell at or near the lows).

some of the recomendations could be OK, but I'm very wary.




Our daily bar today was ugly (SOW), after finding some supply on Friday, we initially pushed higher today, then broke down and moved lower and found some further supply.

We keep bouncing off that downtrend line.

While we are down here we might as well close the gap left last week.

The only positive thing about todays bar was the close well off the lows (but still below mid bar), showing at least some support came in.

There can often be a shakeout right at the end of an accumulation period, we'll see if that is what happens while we are down here.

cheers