Wednesday, January 30, 2008

Post Fed Game Plan

It is a relief to have the fed cut out of the way. The market's manic, ultimately negative response, lends credence to my thesis that we will at least test recent lows. I will look to unleash some shorts in the coming days, most likely in last year's momo stocks that look top-ish and ready to break (see DECK).

3 comments:

Anonymous said...

How about buying DRYS and TBSI? BOth are having leading divergence on TSV and Money stream. Vol is up and RSI is improving. Please let me know your view. Thanks! KR

The Market Speculator said...

Doesn't fit my strategy. I don't like to buy broken stocks. That's not to say that your strategy won't work.

David said...

Although a bit of a bounce today I am on the side of testing recent lows as well. Haven't checked volume today but volume def higher on down days than up days overall recently.