It's been a crazy ride for the market lately - today was no exception. Currently I have all my money in cash, waiting on the sidelines. The market can't quite figure out where it wants to go, so I'm waiting until it figures it out. The recent volatility, however, makes for great day trading.
RIMM is a great stock to day trade. It is highly liquid - usually the spread is only one or two cents. The stock has a tendency to "broadcast" its next move, with clearly recognizable, tightly-formed patterns. It seems to have a particular affinity for the
descending triangle formation.
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