Star Trader Talks : Another Dry Day
Tuesday, February 19th, 2008No qualify signal today after a long weekend. The result from Telechart 2007 scanning gives 8 Evening Star signals and 3 Morning Star signals. M (Macy’s Inc) is the only counter that meet most of the Star Trading System’s criterias & come close to qualify if not because of fail to “earning release” rule.
M is one of the example of a good quality of signal. It has significant formation day (FD) candle stick’s size as well as the volume and Stochastics trend. But this is not enough based on the Star Trading System qualification criterias. Well, let’s take a good brake today & get ready for tomorrow signals!
If you listen to some prominent market professionals, you might think the worst is over. But the credit/housing bubble is a far bigger mess than the tech-stock bust.
Stock futures rose Tuesday as investors digested earnings from Wal-Mart Stores Inc. and news of more problems at some of the world’s largest banks.
