QLD Trade in a Bullish Market

11/17/2008 12:25 pm EST

Focus: ETFS

Brian Shannon, CMT

President, AlphaTrends.net

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!

Brian Shannon

Morning Bear, Afternoon Bull from Brian Shannon on MoneyShow.com.
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