Market continues to climb higher and higher, and seems like it is NOT going to back down anytime soon. So far earnings season haven't been stellar but not much disappointing as well. Besides, last week US House passed a bill to postpone US debt debacle till May. All these things are good for markets along with market making all time high and hence the path of least resistance is on UP side for now. But how far will this continue!!!
2/5/2012 Does market rally have enough conviction!!! Be patient for pullback or correction...Read Now Market did manage to maintain its uptrend so far. Earnings season was the catalyst as well as Euro-zone worries were discounted. Now that market is in extended territory, a pullback is due. However, market can remain in extended territory for weeks before a meaningful pullback happens. So then how do we know when to get out!!!
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... 7/4/2011 Market turn around.... Is this called breadth thrust! Shall we get in the markets NOW?Read Now Past week markets posted an impressive rally and NYSE was up by 4.91% in a week. As we mentioned again-n-again markets can do whatever they want, all we need to do is to increase our odds of winning by being on right side of the market. How do we achieve this? Remember, its a game of probability...
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