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Chart of the Week: NASDAQ 100 Resurgent [View article]
Friday April 3rd, everybody was happy, for stocks and averages were rising. G-20, the Dow over 8000, Trillion plan, etc.etc.etc.
The charts are telling a completely different story. Prices and averages are hitting hard resistance lines and bouncing downwards, support lines are much much deeper, and several indicators show the REAL Bear Market starts now.
Now is a really good opportunity to sell stocks at better prices. Dont get misled by overall enthusiasm. Investors should now have patience in their spirits and cash in their portfolios, for the worst is still to come......... As I am also an investor, I sincerely hope to be wrong.
Keep up the good work, for in the Information Age, no investor is allowed to claim he did not know...........
Chaim Kimelblat aka Schpekulant@gmail.com Listen with your Brain
Chart of the Week: NASDAQ 100 Resurgent [View article]
The charts are telling a completely different story. Prices and averages are hitting hard resistance lines and bouncing downwards, support lines are much much deeper, and several indicators show the REAL Bear Market starts now.
Now is a really good opportunity to sell stocks at better prices. Dont get misled by overall enthusiasm.
Investors should now have patience in their spirits and cash in their portfolios, for the worst is still to come.........
As I am also an investor, I sincerely hope to be wrong.
Keep up the good work, for in the Information Age, no investor is allowed to claim he did not know...........
Chaim Kimelblat aka Schpekulant@gmail.com
Listen with your Brain