Greywolf's Chief Technical Analyst, more than 20 years of buy and sell-side experience; Formerly w/ Diamondback, Morgan Stanley, & CBOE Equity options floor trader- Frequent commentator on CNBC, FOX Bus, Bloomberg, BNN- Opinions are my own
Pro. use technical analysis to look for stocks w/ short-term price momentum. Not interested in fundamental or intrinsic value of stocks, but rather in their trends and patterns.
*Note: In this Economy-.
I do not panic buy and I certainly do not panic sell. Buy bearish and sell bullish. Knowing why something happens does not change the facts - price action trumps all. Buy the fear, sell the greed, then bank the short.