Tuesday, July 15, 2008

Reversal in stock market at last? Possible time to buy stocks

As per PROFIT FROM PRICES theory, today there are nice reversal buy signals:
* The recent sentiment is very bad.
* Today market and most stock opened with a big down gap and many of them are trading in positive territory right now.
* Volumes today (and over last few days) are distinctively higher.

Here is a chart of Dow Jones Ind average:


Financial stocks and airlines are showing strong U TURN buy signals today

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What is wrong with my trading? The other me who keeps screaming inside me that the market is too risky. It is about to crash!!! It is actually killing me instead.

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