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Six Signs of a Range Bound Market
http://traderfeed.blogspot.com/ 2008/ 05/ six-signs-of-range-bound-market.html
Several traders emailed me yesterday, tripped up by the narrow, range market. After a period of volatility such as we had during the first quarter of 2008, it is understandable that traders expect moves to extend. In a range market, however, reversals of market moves are the order of the day. If traders don't recognize the character of the day early, it's easy to get chopped up in those reversals. Here are several cues I rely upon in gauging a possible range day. Not all of these are present on all of the days, and not all of these pertain to yesterday.
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Watchlist for May 9, 2008
http://tradermike.net/2008/05/watchlist_for_may_9_2008/Its looking like a rough end of the week for the bulls thanks to AIG, FNM and surging oil. Those who got caught in yesterdays choppy session may want to read Dr. Bretts tips on how to identify a range-bound market. The advance/decline line is one of my
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Six Signs of a Range Bound Market
http://marketivatips.blogspot.com/2008/05/six-signs-of-range...Several traders tripped up by the narrow, range market. After a period of volatility such as we had during the first quarter of 2008, it is understandable that traders expect moves to extend. In a range market, however, reversals of market moves are the order of the day. If traders don't recognize the character of the day early, it's easy to get chopped up in those reversals. read this article at http://traderfeed.blogspot.com/2008/05/six-signs-of-range-bound-market.html
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