The Dow and S&P were down slightly. The Nasdaq, however, ended in the positive. They made me yawned. This is the kind of trading day I usually go away to do something more productive. Play a round of golf or catch up with other housework. Really, it is quite alright to get away from the [...]

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What a volatile day! The markets had been moving in and out of red for the whole day in narrow range. It finally settled at a loss of 20 points for the Dow and 1.47 for the S&P. The bulls continue to be nervous. Now, the markets for the next couple of days are expected [...]

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The Dow finished the week with a small gain amidst negative corporate and economic news. Going forward this week, it will continue to be difficult and choppy. I am slightly inclined to be bullish, still. While anything can happen, the Dow should finish off its run to the resistance level of 13150 before deciding on [...]

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The bulls put up a nice show on Thursday. The Dow had surged to a high of over 170 points before retreating to 85 points upon closing. What it means is that the markets are indeed in bullish mode but very cautious. It is not surprising for the markets to behave this way as there [...]

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Contrarian Trading
Many beginners start their trading by picking top and bottom once they got hold of a trading book or attended a trading course. Indeed, there are many trading resources and educational programs that advocate this contrarian method of technical trading. Contrarian [...]

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