Sunday, March 22, 2009

Important Week

Will be a very interesting and important week for the indexes. It's do or die time for either the bulls or bears to regain control. My gut tells me that the bulls are not quite done yet however we look likely to see an important top of some sort soon. I am in the camp that believes that we will retest the lows and we cannot feel comfortable being long and strong until we get that SUCCESSFUL retest. If we retest in the coming weeks and this retest gets ugly enough sentiment wise and we get most of the bulls who have been calling bottom to capitulate with disgust then we can get the buy lists ready but like most retests it should be very difficult to step infront of it but definitely need to stay unemotional and tune out the doom and gloom which will be rampant.

good trading.

p.s.

Look out for my detailed post which will discuss the upcoming Stock Alerts & Indexes Service i will be offering soon. I am VERY EXCITED about this as i am sure many will find helpful!

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