L,
The market is kind of in a nervous trading pattern. On one side, you have those who have made 20% ~ 40% gain in the past week or so. These people are very protective of their gains. As soon as there is a sign of weakness, they will jump ship in the speed of eye blink, knowing that the market could melt 500 pts in one day. On the other side, you have those who sat out of the recent run-up therefore have red eyes on the lost profit. These people are willing to jump in at any price as long as they think the market will continue to go higher. The momentary price moving direction, therefore, is determined by the stronger force at that moment. Anything could happen, good or bad. We could see VTSS rises $2 in a day or drops $2 in a day. Even worse, we could see VTSS rises $2 AND drops $2 at some point within a trading session.
So you have it. What are you gonna coping with this period is anyone's choice. You could choose to sit through the up-and-downs, or trade though it to pursue the maximum profits. I think right now both longs and shorts have opportunity making money at sometime during the trading sessions, as long as you are not too greedy.
In the long run, however, VTSS has no doubt will go higher.
Regards.
MB |
