Friday, August 20, 2010

Things Look Ugly But....


Things Looks Ugly Right Now But.....be ready for a potentially very strong bounce soon. I was expecting a bounce phase to start this week and we indeed did get it however it lasted much less than i imagined. Today we tanked hard obviously but i am thinking the bulls will not give it up so easily QUITE YET. Watch friday's action and early next week market action as i am now starting to see hints that a decent rally is brewing.....

Whether it happens or not: Remember: this is stock trading: DO NOT fall in love with this: Take profits when you got em and ALWAYS protect yourself from mistakes.

Good luck and god bless.

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