This just shows that despite negative sentiment, there was very good bottom fishing/purchasing in the market.
So IMO it is time to ride the market with stop loss at Sep 5th Lows.
DIA- SPY- major ETFs are showing a complete Trend Reversal today
Thursday, September 11, 2008
DIA- SPY- major ETFs are showing a complete Trend Reversal today
On Sep 5th we had a REVERSE buy signal. That lows are not broken and today we have our favorite U TURN Buy signal. The market opened lower but it managed to close strong.
This just shows that despite negative sentiment, there was very good bottom fishing/purchasing in the market.
So IMO it is time to ride the market with stop loss at Sep 5th Lows.
This just shows that despite negative sentiment, there was very good bottom fishing/purchasing in the market.
So IMO it is time to ride the market with stop loss at Sep 5th Lows.
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