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, June 14, 2011

The Initial Bounce Attempt...Take One...

Today's bounce was not unexpected. The markets were stuck in a downward channel and approaching double bottom territory. In fact, the NASDAQ and RUT and SPX reached that phase even before the DJIA, so expect the bounce to concentrate on small and micro-cap stocks.

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