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DayveJohnson on the MarketsPosting my thoughts and trades as I take on the challenges that the financial markets will bring. Especially suited for end of day traders who also have a full-time job. Hopefully my years of experience can be a valuable asset to the trading blog universe. And please do your own research, I am not responsible for your personal trading decisions |
No Sells. Adding KOSP.
Posted on 10/29/2006 18:04 PM | Link | Post Comment
I will be adding KOSP to the portfolio on Monday - KOSP will be joining LVLT as the only present holdings.
As you probably noticed the past couple weeks the market action presented little in terms of commentary because volatility has decreased as the market has slowly climbed the proverbial wall of worry. Fridays down day presented the bears with a glimmer of hope and forced some longs to take a bit off the table. I suspect that a trading range might be put in place over the next couple weeks. Only question is how large will that range be? My guess would be based on the following chart that we will jostle around for a while between the upper green band and the lower red band. That gives us a range of 1344-1402. A little less than 60 SP points. We'll see.
Have a Great Week!
Dave Johnson
http://dayvejohnson.blogspot.com
dayvejohnson@gmail.com
As you probably noticed the past couple weeks the market action presented little in terms of commentary because volatility has decreased as the market has slowly climbed the proverbial wall of worry. Fridays down day presented the bears with a glimmer of hope and forced some longs to take a bit off the table. I suspect that a trading range might be put in place over the next couple weeks. Only question is how large will that range be? My guess would be based on the following chart that we will jostle around for a while between the upper green band and the lower red band. That gives us a range of 1344-1402. A little less than 60 SP points. We'll see.
Have a Great Week!
Dave Johnson
http://dayvejohnson.blogspot.com
dayvejohnson@gmail.com
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