Quiet Day For Stocks
Above is a 2 day 5 minute chart of the NASDAQ. What do you see? I see sideways trading with no momentum. I've been doing very little day trading these past few days until I see volume and range expansion come back into the market.
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4 comments:
Hi Kevin, I see you got out of Google a while back. Do you still see the cycle you mentioned is in play, it did not breach 455?
-V
I exited GOOG because of the inside week method which says to exit the trade on the Friday following the entry week. That trade has nothing to do with the GOOG cycle. You could have used the inside week as an early entry method for the longer term cycle trade.
As far as the cycle is concerned, the trade is still in play. I remain bullish on GOOG as long as 435 is not taken out. I'm looking for a move above 500.
I'll post a chart for you
Thanks, Kevin!!
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