RE: Watchlist - Traders method
(2013-09-25, 02:10 AM)Jere Wrote:(2013-09-25, 12:13 AM)goodtyneguy Wrote: SOHU is looking good at this point for a continuation buy, it appears to have stabilised near to the BO level. The internet stocks are still in a strong stage 2 group.
Just like the Russell 2k and the NASDAQ: perched on top their recent highs. The question is do we stay above or drop back down?
When the trend is up and the WOTE is n't unfavourable just keep going long the strong stocks in strong groups - markets can remain irrational longer than one can stay solvent (or words to that affect anyway)
I got into SOHU today.