Tuesday, July 1, 2008

A Rally and Some Set Ups





Today was up and down and all over the place. The charts I have been posting are working, here are some more. All are longs. I know, surprising.

3 comments:

lee.nations@gmail.com said...

Hey Joe: Check this chart out: I say higher and higher!! http://stockcharts.com/h-sc/ui?s=FSYS&p=D&b=5&g=0&id=p50592917088

Jack said...

What euphoria are you talking about? By the way,nice charts today. Three more losers. Do you really do the stuff you write about?

upsidetrader said...

Jack
I sense sarcasm,when you read or listened to the media yesterday, blogs included, even the most negative market pundits I read were looking for a huge bounce today.

Regarding your question "do I trade the ideas on the blog'? Of course I DO.I put huge effort into my ideas. If I put long set ups out like you are referring to, that is only if the market is trending up the following day, obviously you would not blindly "buy" if the market is getting its esophogus ripped out. I'm A DAY TRADER. Everyone has to use their judgement. Lets be honest and call a spade a spade,people do follow me and act on my calls,as they do on the other fine blogs out there, I can't help that. If I misunderstood your comment, I do apologize.

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.