The Stratigic Swing Trader highlights equities and options using technical analysis that may be positioned for short term price movement.
Saturday, August 21, 2010
Look Out Below
No lower low yet, but the last 2 weeks of price action have not boded to well for the bulls. Looks like we could retest 1040, unless buyers step in, which seems unlikely if you look at the bond markets, the dollar, and gold. In my opinion not a great time to be swing trading, but plenty of opportunity on an intra-day basis.