Tuesday, February 23, 2010

Revisiting the short term alert

The stock market have already started to turn down since my last post. I noted one of the two scenarios I see developing was a brief short term move down before another move higher. So the stock market could get one more push higher back around the highs of last Friday and yesterday Monday. From there a more aggressive selling should lead to a push toward or below the recent lows of this current medium term down trend.

The other scenario has a more weak view as the stock market should continue to move lower from current price levels. Whether which scenario it'll be, better to had all of your selling done already or very soon.

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