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Guy Cohen

Trade What You See

by Guy Cohen 10. March 2010 17:53
Hi Everyone, As you must know by now, my trading mantra is: "Trade What You See".  Having an opinion can be very costly in trading and you're always better off not having one!  Just trade what you see. While common sense may suggest the markets should have taken a downturn in thela... [More]
Guy Cohen

The OVI Shows the Way

by Guy Cohen 23. February 2010 18:09
Hi Everyone If you ever wanted an indication of the power of the OVI you witnessed it today.  All the indices buckled - note my email/blog yesterday which highlighted that while the markets had been drifting upwards, the OVI was distinctly subdued for the Dow and the S&P.  As for Gol... [More]
Guy Cohen

Market Update 22 February 2010

by Guy Cohen 22. February 2010 18:11
Hi Everyone  Last week's Jobless Claims and PPI (inflation) figures came and went without too much fuss, with the markets trundling upwards but with low volume.    What's interesting is that the OVI for both the S&P and the Dow is subdued, despite the steep upward retracement of... [More]
Guy Cohen

Why We Only Trade Breakouts

by Guy Cohen 12. February 2010 18:14
Hi Everyone The markets came roaring back on Thursday albeit on moribund volume.  Remember though, one swallow doesn't make a summer.  Are we headed for new highs or is this part of the inevitable retracement of January's sharp decline?  As I mentioned yesterday, for now I believe ... [More]
Guy Cohen

More Sideways Action Required

by Guy Cohen 11. February 2010 18:17
Hi Everyone  More sloppy action in the markets yesterday - 3 of the last 4 bars in the S&P and Nasdaq have been doji-like with wide ranges and the open and the close near to each other. This signifies indecision and no clear direction in the very short term for the major indices.  Th... [More]