It's news driven time. Before Friday, the market looked to the bullish side, then the Unemployment data seems changed the direction totally. With Dow lost over 3%. The bulls seem don't have chance to fight back any time soon. The bias is-- obviously to downside. It's silly to say this after it already happened. The fact is when the $VIX get over 30s, with the kinda of big volatility, market will swing up and down in big range.
I don't think it's time for"bottom fishing", it's not the time yet. It's trader's market, not for investors.
For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.
The Secret Recipe: Trading Success = Winning Trading System - U
The Secret Recipe: Trading Success = Winning Trading System - U
Monday, June 7, 2010
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