Monday . . same as Friday, including the bull surge at the close. Plenty of upside momo (although volume is sadly lacking) and we may be back on our way to Q2 highs. What could possibly go wrong with this scenario? Plenty . . but let's not dwell on that and spoil and otherwise chipper rally. As we are poised 4 days before month end there's strong odds that July will turn out to be a barn burner ignoring the fact that many of the technicals are sitting dead on mid term resistance right now. A lot of head a shoulder patterns flashing for those that put stock in such formations and we may see some slow down before a big push Friday - Monday.And then there's this little item that may be of interest to my system trader readers. Why fiddle around trying to develop a robust trading algorithm? Just open an account with BofA and let the bankers due the heavy lifting and let the good times roll. I'm still trying to get info on the "algo trading suite" mentioned by Mr. Lynch in the article for those that may be interested.
1 comment:
Very, very interesting little postit you've got there my friend.
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