The market is sure on a run now and I’ve changed from bearish to bullish now. As long as the indexes stay above the 50 day MA, the market would remain bullish. (since mid July) However I still believe that we are not out of the woods yet. The recession should be a ‘W’ recession and so we would be experience another big tank soon. According to a few indicators, the ‘soon’ seems to be sometime in Apr 2010.
I will put up more charts when I have more time tomorrow. In the meantime, trade safe and sleep well.
Wednesday, October 14, 2009
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