Leading Stocks in Trading Ranges
Mark Crisp here,
The Stress Free Momentum Stock Trader
http://www.stressfreetrading.com
13th February 2006:
Well, we can safely say the markets are taking a breather at the very least. Look at all the leading stocks:
- HANS
- GOOG
- NTRI
- TIE
- ISRG
- AAPL
They are now in well established trading ranges. Will they break-out to the upside again or is the game over for them? Only time will tell.
Do not try to do too much. Human nature makes us want to take a winning method and tinker with it until it breaks.
Momentum trading works. Full stop.
What takes work and effort is the discipline, patience and money management to treat trading like a business. I wonder how many times people "break" or "bend" their trading rules? Or even worse go off and trade another method because the current one is flat? A sure way to lose.
The markets go in cycles. Usually about 4 month cycles. The key is NOT to lose during corrections/ bear markets and make as much as you can in bull markets. That’s all.
Momentum Stocks:
- HANS
- JOYG
- OXPS
Until next week. Keep well. Trade safe.
Regards,
Mark Crisp
http://www.stressfreetrading.com
