- May 21, 2009
- Posted by: Ramki Ramakrishnan
- Category: S&P500
When we are seeking an imminent reversal we are happy to spot anything that seems to support our view! This is a normal trader behavior. There is nothing wrong about that, because we could still be right! However, I suggest that you read about what an “Outside Day” is.
As I have been saying, we do have a lot of room left in this move once it begins. So the right way to go about trading this move is slow and steady. That way, you won’t get burned too soon. Good luck.
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