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26th March 2009 Update

Markets:

Mark Crisp

  Stocks are not the place to be right now. Although the markets look like they have stopped falling and even rallied a little in the past month I still see no momentum stocks worth buying into. My scans show nothing as per my Momentum criteria. I do not go chasing poor stocks. It'll come back. One day. You can bet on that. But when is the million $$ question.

   Right now I am day trading forex. I know I was dead against day trading and some part of me stil ldoes resent trading every day but it's proftiable and not nearly as stressful as I thought it would be. I only trade 5 hours a day. most of that is watching and waiting. And I usually take Fridays off. Until the stock markt comes back I am day trading forex.
I am making about 3% to 10% per month. So it's worth it. http://www.fxscalpingmethod.com

  OK so lets see what happens in the stock market over the next few weeks/months. What a torrid time it must have been for buy and holders. It goes to show you can't beat the market. You make your money in good time sand get the "hell out of dodge" in the bad times.


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