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.

Tuesday, March 08, 2011

Sitting Back and Watching...

The market has been pretty much laterally range bound for the past several sessions. Soon enough, we should either have a breakout to the upside or downside. I prefer not to gamble so I will wait to see what happens. For a breakout, we need to spike out above the 12400 range and close near the top of the range. For a breakdown, any downward thrust below 12,000 with a close near the low will do. Stay tuned.

Watching: ZBB

2 Comments:

At 3:17 PM , Blogger Vijay Dupati said...

Nick,

Any new trades? Havent see any posts from you recently..

 
At 3:09 PM , Blogger Nick M. said...

Vijay,
I have been doing some small trades here and there, but I have been so busy with school and work that I haven't had time to post. The only worthwhile trade that I didn't get to post were the trades in CT, GLNG and IRWD

 

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