Market is experiencing range expansion with new highs being made all over. While you need to either be long or getting long, don't get caught or paniced by the coming retracement. This is normal and should signal an opportunity to add to and establish positions in the market.
The energy play that we discussed on Tuesday that you can see on previous blog. SwingTracker has identified another stock that is worth taking a look at is RATE. It's not ready for a buy but something for the watchlist at this time.
FOMC Holds Rate Releasing Markets For More Highs
Thursday, 26. October 2006
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