Friday, June 24, 2005

A Nice Market Correction

I don't like trade when the market is in correction. I like to let the dust settle and start scanning for the leaders. Leaders are stocks that hold up well in a market correction. For example, Invitrogen (IVGN) has held up well in this correction and made new highs. Here's a chart of Invitrogen vs. the NASDAQ for the past 5 days. This is what I like to see, the odds of this going higher when the correction is over is pretty good. (Note: I have a position in Invitrogen.)

Posted by Hello


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