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July 2008: Consumer Sentiment at new Lows... are you Trading?
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Old 07-18-2008, 08:47 AM
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Default July 2008: Consumer Sentiment at new Lows... are you Trading?

Note that as in the current market, we've got terrific volatility, especially in oil, energy and other stocks... and yet because of high gas prices, and negative consumer sentiment, and uncertainty over the upcoming presidential elections... many traders may not trade this market... which would be a mistake.

Oftentimes, it's the PERFECT time to be trading, when it all seems 'gloom and doom'. You have to FIGHT the temptation to 'feel' like the media and the public would have you feel, because that will often sideline you during what should be superb trading opportunities.

Pay attention to the chart patterns, the technicals, and sector/market indices to help gauge which days and times are best for trading!

Any insights to share on that? "When it feels like an awful time in the markets, it's often one of the BEST times...for active traders to capitalize on volatility."

thanks,

Ken
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