Monday, March 19, 2007


Is this the reversal?


Is this the reversal? I bet not. The increase in price is not justified by the decreasing in volume. Besides, the increase in price is mainly leaded by some big cap stock, which is manipulative and demand more scrutiny from traders. In fact, i remain skeptical on the price move, as i judge that the increase of the price is more probable an act to cover the gap to resume its downtrend. However, i am neither encouraging traders to short the market, as i am not so confidence this time that the market will continue to move downwards. Wait and see is probably the best strategy. The market will need some time to cool down. The market need to rest for the sake of a longer journey.

1 comment:

Trader Max said...

Dont worry, all shall be revealed in a few days time :)