Stock Watch 8.31.11 ” Fire Starter”
The market has been on fire lately, that’s usually what happens after an epic meltdown. It remains to be seen if the previous lows from a week ago is a solid bottom or a bull trap. Remember bottoms take time to form. Speaking of on fire, the area of Southern California I live in is a tinder box for Forest fires and its Forest fire season. Tuesday there were 4 fires within a 5 mile radius my house and I still mades ome good trades smelling like a cigar smoker next to a campfire. I’ll trade right through a fire storm but those fires are no joke.
Tuesday trades $MILL +320 $CEDC +90 $TNA +310 $JVA -90 $IPSU -265 Total +360
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