Trading for the Masses

Retail Numbers look good

February 13, 2008 · No Comments

So if you buy the retail numbers all is good again. I don’t know, but I think all rallies up to 1400 on any moves here. The masses have all switched bullish well at least over 53% of bloggers are now bullish, so I continue to fade that. I still think that on a daily chart still looks like we need to work out some downside. Time will tell, but I am in no rush to get long for more than a rental in stocks until we can close the spx above 1440. Still a bit away in my book. Until then trade em around as we flop and chop.

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Categories: Charts · Forex · Futures · Psychology · Sports · Stocks · Technical Analysis · Trading

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