Investing Ideas_05 05 2010 review
Nojus's Blog
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Contributor Since 2008
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The market not only shows the market still does it: the Dow Jones index crash down heavily yesterday. The fall was very abrupt. Therefore, we told to you to relax yesterday. We have done that, so we feel good today. Are you? Dow Jones daily chart:
Of course, it is a serious question about yours well-being … It seems now to begin the correction in the stock market. And this is what investors’ desire at least. But the correction is good, a healthy point is the correction.
We are ready for it and now are working even more acute.
We can see that the Dow Jones have brakes the Fibonacci ratios of 23.6%. It’s a start of downtrend. It’s time to protect our profits.