Thursday, March 11, 2010

Market timing signal part 2

I wrote on March 2 that I had received a sell signal on March 1. I also stated that in a true uptrend that this signal would be generated a few times over the next few trading sessions. That did happen on March 4 and March 10. I think at this point the market will go higher. I also believe it will trade at some point lower than today. As of this writing the NASDAQ is at 2356. I would consider this a good time to take a little money off of the table on strength. I do think the market will go higher over the next two weeks but I would not bet the farm on it.

No comments:

Post a Comment