Markets have been in zig zag motion from last couple of days after the major decline in 1st week of August. DO NOT get caught in the media/news/pundits speculations about BUY at the bottom frenzy. No one knows if this is the real bottom. For now we might be settling into a range for next few weeks before the next market move....
Charts to Watch - Easy access to charts we need to understand daily market entry/exit signal as well as long term market trend. Market Trend Identification - Talks about how to determine market trend and provides some analysis of market trend in the past. Shows how to determine where is market headed....
Past week has been historic week for the markets. We all witnessed, consecutive major single day swings (on UP/DOWN side) in the market. In short, these are turbulent times and market is extremely volatile.
We all must have heard/read following so far:
Last week, we saw BIG one day drop in the market. Were we caught off-guard? Not really! Our history teacher guided us and we got our SELL signal on 28th July. Do we still have any doubts about accuracy of this system!!! We don't think so...
So where is the market headed! What should we expect next? Is another financial crisis on the horizon? DO NOT PANIC. As long as we remain disciplined and respect BUY/SELL signals provided by our history teacher, we are in good hands. Moreover, this might provide us with a very good BUY opportunity in future... |
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