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Aqui está ele.
Um abraço,
Ulisses
James "Rev Shark" De Porre
"Looking for a Rest"
4/23/03 04:38 PM ET
"In the years I've been trading one thing that remains constant is that the market always moves up or down more than seems reasonable. Many folks were a bit surprised that we were able to tack on to yesterday's gain. It would seem reasonable that we should pull back a bit at this point. After all, who is dumb enough to chase all those extended small-cap stocks?
That is the way it feels but the power of momentum is easy to underestimate. When stocks start running, fear of not participating in the move becomes a very powerful factor. When you start thinking it isn't possible for this market to go any higher it probably will.
It was another powerful day for the bulls. Volume on the Nasdaq increased nicely to 1.78 billion and on the NYSE it was steady at around 1.6 billion. New 12-month highs swamped the lows by a margin of 370 to 40 and breadth was on the plus side by a score of 3915 gainers to 1685 losers. It is hard to find fault with a market with that sort of energy.
The small-cap sector remains very hot, but I was struggling this afternoon looking for new buys that weren't too extended. There are quite a few parabolic movers out there and it's getting tougher to find good entry points. I actually ended up a little less net long after taking some profits and not being able to find replacement buys. We have been trained during the bear market to take profits quickly and it is a battle at times not to flip strong stocks too fast.
The best thing this market could do at this point is pull back or rest for a few days. I continue to believe it is premature to get aggressive on shorts at this point. The dip buyers need to wear themselves out before we see any tradable downside.
I hope you had a good trade or two. I'll see you in the morning. "
(in www.realmoney.com)
Um abraço,
Ulisses
James "Rev Shark" De Porre
"Looking for a Rest"
4/23/03 04:38 PM ET
"In the years I've been trading one thing that remains constant is that the market always moves up or down more than seems reasonable. Many folks were a bit surprised that we were able to tack on to yesterday's gain. It would seem reasonable that we should pull back a bit at this point. After all, who is dumb enough to chase all those extended small-cap stocks?
That is the way it feels but the power of momentum is easy to underestimate. When stocks start running, fear of not participating in the move becomes a very powerful factor. When you start thinking it isn't possible for this market to go any higher it probably will.
It was another powerful day for the bulls. Volume on the Nasdaq increased nicely to 1.78 billion and on the NYSE it was steady at around 1.6 billion. New 12-month highs swamped the lows by a margin of 370 to 40 and breadth was on the plus side by a score of 3915 gainers to 1685 losers. It is hard to find fault with a market with that sort of energy.
The small-cap sector remains very hot, but I was struggling this afternoon looking for new buys that weren't too extended. There are quite a few parabolic movers out there and it's getting tougher to find good entry points. I actually ended up a little less net long after taking some profits and not being able to find replacement buys. We have been trained during the bear market to take profits quickly and it is a battle at times not to flip strong stocks too fast.
The best thing this market could do at this point is pull back or rest for a few days. I continue to believe it is premature to get aggressive on shorts at this point. The dip buyers need to wear themselves out before we see any tradable downside.
I hope you had a good trade or two. I'll see you in the morning. "
(in www.realmoney.com)
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Ulisses, podes copiar este artigo?
"Looking for a Rest" Do "Rev Shark" ...
O tipo parece que diz lá algo sobre a experiência dele em trading nos EUA, talvez se aprenda algo. "O mercado sobe sempre ...".
O tipo parece que diz lá algo sobre a experiência dele em trading nos EUA, talvez se aprenda algo. "O mercado sobe sempre ...".
- Mensagens: 3255
- Registado: 6/11/2002 19:27
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