Monday, October 13, 2008

Day Trading

Honestly, there is no way to tell where this market will go unless you judge the action intraday. Have we ran too much? Is this just the beginning? All this will be determined by the day to day action. I will try to screen for some charts later today, but I am not sure how much this will help. All charts look basically the same, huge sell off with a slight 1-2 day bounce.

Even if we do continue higher there are many questions to answer. Would it be best to go for stocks that are the most oversold? The ones with the best fundamentals? The ones that were the strongest today?!??

For now I will try to limit most of my trades to the long side.