At The Close by Marge Sherald
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:8 (98): At The Close by Marge Sherald
What do you think of when you think "cocoon"? Is it
small, fetal, round, cozy ? formative? When trader Kenneth Branch uses the term, more often than not he
uses it in regard to trading, in reference to the growing forces within the markets. He looks for tradable financial instruments while they are still in the forming stage, covered by a "protective covering" of sorts until they are ready to burst forth in full flower. As he explains it, in the cocoon stage of market development, "there is a supply of any given security that ma...