Showing posts with label market going up. Show all posts
Showing posts with label market going up. Show all posts

Friday, August 27, 2010

DIA- Nice confirmation of the bullish trend over next few days/weeks

Two days back, there was a nice REVERSE (Buy) signal in stocks and indexes. Today many of them came close to touch those previous bottoms but then successfully (and very powerfully) reversed the trend. Though no new bottom was created today, I take this as a powerful confirmation of the end of the bear market of last few days.


Here is the chart of DIA. You should be able to see a powerful reversal on it.
It is time to go long with stoploss at today's low prices.

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.

This all started in 2020. Two of my accounts were reaching 7 digits and I wanted to go all cash once they crossed that benchmark but I was 3...