In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten - Peter Lynch
Short Term trading is about trading in the direction of the market trend. Put simply: Buy when the main trend is UP and Sell when the trend is Down. This is based on technical analysis. A basic moving average on a time frame chart will show the direction of the securities movement. This is not rocket science; it's basic visual realization.
Monday, February 18, 2008
ANZ Sinks On Sub-Prime Losses-Real Estate Developer Defaults
Shares of Australia & New Zealand Banking Group dove 6% Monday morning after Australia's third-largest lender said the deterioration in the credit markets and raised loss provisions would cancel out profit growth in 2008.
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