Tuesday, June 26, 2007

Buy or sell?


After 2 days of consolidation, the price now retreated back; approaching the intermediate term support moving average line. The drops could sound scary for many intra day traders and timid investors, however, basing on the fact that the volume on retracement was smaller than previous volume, the price action could be best judged, from purely technically perceptions, a normal and healthy consolidation. While a normal consolidation is issued here, the investors, speculators or gamblers reading this should be warned that while probability favor a continuous uptrend in the future (which means brave investors should DCA in the following weeks to form continuous enter position), we are at here, against the God, predicting the unpredictable. After all, life is filled with uncertainty, it is often our previous pain that lead us to today pleasure as how it is the uncertainty which we seeks lead to a certainty in life. After all, life is the riskiest game, as no one ever walk out from this game alive. Then here comes the question: why scared by the market?

No comments: