Post Rate Cut, Stock Market Rises. How Should You Trade?
Posted on September 19th, 2007 in Stock Market |
Brett Steenbarger over at Trader Feed wrote an interesting post about What Happens After A Strong Stock Market Rise?. His blog post stated that:
“80% of the time, the market has been higher over a three-week horizon. As a rule, a market that lifts off with great strength tends to follow through in the same direction before undergoing a meaningful retracement.”
What this means is “your trend is your friend” go long, use stops wisely and you’ll trade profitably.
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