Wednesday, March 4, 2009

Rare up Day in the Market

I think today was a weak performance by the bulls. We struggled to test the first resistance level and then sold off hard at the end of the day.

This may be all the rally we get on this move up.

I'm still making my trades intraday, primarily on long scalps. At some point we will be able to turn those scalps into swings. But not yet.

This market needs to bottom and at this rate it could take another 52 weeks.

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