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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
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  • MARKET IS ON A LEDGE-Intraday report 2 comments
    Feb 24, 2010 3:51 PM | about stocks: SPY, SPY

    This rally is a bit suspect.  Not clearing resistance levels but rather getting pushed back.  Not sure of volume yet but seems lighter than yesterday.

    Most of our open trades are up today but some reversing off their highs which makes us further question the strength of this rally

    This last 1/2 hour will tell us alot.

    Thanks

    Better Stock Entries

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    Disclosure: no positions
    Stocks: SPY, SPY
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Comments (2)
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  • peteralpha
    , contributor
    Comments (3) | Send Message
     
    Of course it is week.. Job numbers are expected to be bad tomorrow morning... if they are not too bad then we might see a real rally.
    24 Feb 2010, 03:55 PM Reply Like
  • Pro Stock Pickers
    , contributor
    Comments (5) | Send Message
     
    Author’s reply » We don't care so much about what the numbers are but will focus more on the reaction to those numbers. If we get terrible numbers and we get a rally after a selloff this speaks volumes about where the market will go next. If we get better than expected numbers and we selloff we need to close out all short term positions
    24 Feb 2010, 04:53 PM Reply Like
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