Wednesday, June 23, 2010

Opportunity to get long may be beckoning...

With the markets selling off for what will be three days in a row if we get a negative close today, the odds of a 2 - 3 day bounce from tomorrow with be alot higher than it was three days ago. Therefore, buying the leading stocks that are holding up well in this current sell off as they resume their advance over the next couple days offers good odds of making money in the short term.

Here are two examples of the kind of set up I am looking at:

It must be noted that these trades will be for only a few days duration and with very tight stops.

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