Timing for this week
Posted on May 6, 2008
Filed Under Stock Code Trading |
We have been following the stock market bounce since a couple of weeks… We are careful these days with part of the gains booked and the other part protected by stop wins. Check all our positions @ www.thestockcode.com.
A possible timing for stocks this week could be as follows: boost end of day or tomorrow (a strong one) followed by a deep retracement (of a few %) @ the end of the week… but without breaking the uptrend configuration… Stocks are standing at a moment of truth facing major resistances as well as bonds are close to strong supports! It should generate some “extreme” hi/lo fluctuations and we need to monitor them this week. Our positions are protected and we do not speculate on this possible scenario: we are just monitoring this interesting moment of truth…
For a complete tour daily/weekly/monthly of markets, read our free analysis documents on www.thestockcode.com… with the closed & active trades as well as most recent recommendations.
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