Monday, July 21, 2008

Is It Safe?

Earnings this week with the cult AAPL releasing today. Flinging prices around will be the norm as the bottom boys press their case with solid gains from last week and the forever bearish will claim nothing has changed.

Is it safe? No. But the bias will remain up for the short term despite a few death dive looks. What traders have lost in trend is being made up for in range and volume. This just means there is an ability to be both right and wrong but still make money.