different strategy in a time like this?

Discussion in 'Trading' started by mynd66, Jan 21, 2008.

  1. mynd66


    Hey i'm new to trading and I've been reading alot and learning as much as I can. I was wondering how one determines opportunity in a time like this. If your a swing trader or you just have a few longer term plays, how are you playing the market now? I mean last week was just bad. When the whole market is going down and everything is making new lows breaking lower supports... does technical analysis even work now? What do you look at? How do you evaluate a position when the whole market and economy seems like its about to fall off a cliff?