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inthemoneystock (< 20)

Do Not Scalp Until You Have Read This



January 27, 2011 – Comments (1)

If there is one thing that we here at InTheMoneyStocks have said for a long time, it is to never short a dull market. This saying is an old market adage that fits well for the current times. Nearly every single trading day the market will pullback on heavy volume and once the light volume begins or takes over, all of the major stock indexes will rally higher. Should the heavy volume come back into the market place then the market will usually decline, however, that is a very rare event these days. Most scalp traders can sell short stocks in the early part of the day when the volume is relatively high. Once the volume drys up or begins to decline the major indexes go into helium mode and float higher.

Nicholas Santiago  

1 Comments – Post Your Own

#1) On January 27, 2011 at 4:43 PM, SultanOfSwing (32.35) wrote:

That's very true.  And yet here I am again, having shorted the market too early.  I'm beginning to think that the "helium" is the Fed's POMO, pulling the market out of any potential slumps, but I can't say for sure.  Technicals tell me to go short.  But a steady diet of "upbeat" news is helping to drive asset prices higher.

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