Volatile action continues | stockbee

2/07/2008

Volatile action continues

  • A classic volatile bear market action. In the morning market rallied till lunch hour, making those who shorted aggressively think twice and then it went downhill post lunch.
  • You can see the volatility in Market Monitor numbers.
  • In normal market circumstances the market will rarely have 300 plus day, while in past few months this is regular occurrence.
  • While the volatility continues cash is best option for long term traders.

2 comments:

gosu said...

Better alternatives to Cash for long term trades:

GLD
SLV
DBA
DBC

wimpyVO2max said...

CHDX - PEAD candidate? Earnings surprise 42 cents vs. 26 cents. Gap up Friday off a high base on 3.6x normal volume. Has a good history of positive earnings surprises. Closed at $37.74. Target $45 in one to three months.