Wednesday, July 25, 2007

Stocks Hold Support ...Time To Buy?



As you can see in the above chart the NASDAQ and the Dow have pulled back to support and it appears that support is holding on a short-term basis. If today's high is taken out tomorrow, I will buy the Q's on a stop with a protective stop below today's low. This is a swing trade and if it works I will most likely exit the trade sometime next week.

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