Strategies for Short Term Traders: Volatility, “Weak Money” and the Correction
Good Morning.
Yesterday was the first day of fear I’ve seen come into the marketplace since the pullback began in early May. Even though the VIX is not at an extreme, historically high level, yesterday’s spike was indicative of the weaker money getting scared out. That’s a good sign and is needed before a real rally ensues.
The above is from Larry Connors’ Daily Battle Plan.
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