When big money start to go out from stock market, it is hard to prevent the downturn. Only when the stock market oversold, we can play long position.
Best regards
Snip
Tuesday, February 9, 2010
DOW close below 10,000
DOW close below 10,000 the important psychology support level. From technical view, it confirmed the down move. The dragon fly doji yesterday was a failure bullish reversal sign, because today candle does not close above previous highest price. Looks like it is true that last Friday bounce only from short covering (taking profit) and speculative buy (buy on support). Without solid fundamental news, the stock has hard time to go up. This situation is similiar with year 2007 and 2008. Becareful with long position.
Subscribe to:
Post Comments (Atom)
Subscribe To
Posts
Comments
Anyone experience anything about the easy google profit kit? I discovered a lot of advertisements around it. I also found a site that is supposedly a review of the program, but the whole thing seems kind of sketchy to me. However, the cost is low so I’m going to go ahead and try it out, unless any of you have experience with this system first hand?
ReplyDeletewww.onlineuniversalwork