The trend downward is being led by mining again. This is a slower decline than the last dip and could indicate a consistent trend. A consistent trend down is not good [unless there are spikes]. But once we get to the lows of last time there'll be a push to take a risk on a rally. Which I guess is likely. People need to make money, right? Not a good day to buy, but as we're near the low of last time, a good time to set up a Limit Order. Lots of consolidation going on. Which is always a good opportunity to make money if you can guess who the next target will be. Lots of mixed signals: oil bouncing around the $70 mark; the Japanese recovery etc. Mixed signals are good, because some people will bet down and some will bet up and if you're on the winning side you'll make money. This game is all about Knowledge and Translation and gaining from the differentiation. Click to read daily comments and keep updated: http://www.wanttosaysomething.com/ ********************************** You are free to reproduce this article as long as no changes are made, the author's name is retained and the link to our site URL remains active. |
