QLD Trade in a Bullish Market
11/17/2008 12:25 pm EST
Like the previous video, Brian Shannon trades the QLD, discussing how he makes buying decisions and determines whether he is going to go long or short a security. However, this trade is done in the afternoon market on Thursday, November 13, which had turned bullish (for the afternoon at least) from what had been a very bearish morning. Here, you'll see how Brian draws his support and resistance lines, and which factors he takes into consideration when deciding to trade a volatile market. Watch the video below to see the outcome!
Morning Bear, Afternoon Bull from Brian Shannon on MoneyShow.com.