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 5/10 Good --- seekingalpha.com http://seekingalpha.com/symbol/qqqq.xml
| 'QQQQ' Tag RSS Syndication from SeekingAlpha.com ... |
Saturday, May 10, 2008 --- 59 days ago http://seekingalpha.com/article/76562-6-signs-of-a-range-bound-market?source=fee
| Brett Steenbarger submits: Several traders emailed me yesterday, tripped up by the narrow, range market .
After a period of volatility such as we had during the first quarter of
2008, it is understandable that traders expect moves to extend. In a
range market, however, reversals of market moves are the order of the
day. If traders don't recognize the character of the day early, it's
easy to get chopped up in those reversals.
Here are several cues
I rely upon in gauging a possible range day. Not all of these are
present on all of the days, and not all of these pertain to yesterday.
As a whole, however, I've found these to be relatively accurate guides
that help me pull back my trading, enter trades only near range
extremes, and take profits more quickly than I would in a trending
market.
Complete Story » ... |
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