The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, June 05, 2009

Be Wary of Fake Outs/Shake Outs

As the market continues to go up and down like a yo-yo, it is important to not lose focus. Institutions are taking advantage of the intra-day dips and snatching up shares. I am curious as to how the market will close today. An above average volume day across the major indexes would be key for a sustained future rally. There are a lot of stocks that have pulled back, but are showing support and lower volume (pull back in orderly fashion-low volume with support at key levels).

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