Market Stages A Follow-Through Day But The Lack Of Leadership And Nice Charts Suggest It Will Fail
Source: http://www.bigwavetrading.net/market-stages-a-follow-through-day-but-the-lack-of-leadership-and-nice-charts-suggest-it-will-fail/Posted on Thursday, October 16th, 2008 | In Market Commentary
Contributed by: Joshua Hayes (http://www.bigwavetrading.net) -
Today might have been a follow-through day but the fact that ZERO nice charts and ZERO nice CANSLIM stocks exist tell me that this is not a FTD I have to worry about being left behind. Also, take in to consideration I had ZERO full covers out of my shorts and there is a lot of problems to be worried about if you are a perma-bull in a bear market.
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Last 5 posts by Joshua Hayes
- Following Through on Friday's Gains Stocks Stage Another Rally on Strong Volume - June 2nd, 2009
- Small Cap and IBD Indexes Lag the Major Indexes with Volume Higher Across the Board - May 29th, 2009
- Are Items That Fill Up Your House too Expensive? Then Rent Them at Aarons Inc. - May 27th, 2009
- Finally We Have The IBD Indexes Leading The Way As Stocks Rally On Heavier Trade - May 27th, 2009
- Ending in Mixed Fashion Stocks Fail to Close Out With Gains Seen Earlier in the Session; IBD Indexes Take the Lead - May 20th, 2009
 About Joshua Hayes (http://www.bigwavetrading.net)
Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading Inc., a Maui, Hawaii-based stock market advisory service. Hayes is a well-respected stock picker and technician who combines fundamentals, psychology and money management to trade professionally in his own family, and friends accounts for more than 12 years on Maui. Hayes also runs BigWaveTrading.com, an online stock market commentary and stock selection service for short- and intermediate-term investment strategies using CANSLIM and other strategies. Hayes has been a contributor to Telechart as Sir Aloha, Realmoney.com, InvestorsParadise.com and TokyoJoe.com. |
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