Stock Trading Plan for July 13, 2007
~ 2% increase in indices in one day. That is a significant move. 1% in one day is fairly significant, but 2% is way out. I think that has got to mean something more than a normal move up. As I see it, it is signaling the start of another leg up from here. Many of my shorts got closed at break even today. But surprisingly, more than half are still open. I will stay with BE stop with them, and see how they fare in this returning strength to the market. I should now look to go long at the next pullback in the market, which might start just tomorrow.
