…it just may not be the profitable one.
Today is one of those days that looks bearish on the surface but in fact is very much needed if this rally is going to continue. It really is too early to know if this is the beginning of a meaningful correction or just a small selloff. Here is a sneak peak at my market timing indicator that I’ve created without the variables of course 
But as you can see we moved closer to getting a sell signal but still have a ways to go.
http://screencast.com/t/bysy6rwpJzn
The most prudent way to play this market is conservatively long. Today’s selling pressure wasn’t very severe as seen by the chart below, however offsetting this is the fact I’m not seeing any new stocks that are catching my eye with upside potential. We could easily move sideways to down for the rest of the week and still not get a bearish cross. I’m just going to continue to buy stocks and be quick to take profits until I have a string of losing trades and then I’ll take a wait and see approach on the sidelines as to which direction this market is going to move in.
One for the bulls…
For Serious Investors – ” I have a good friend selling his Hotel Condo unit in the soon to open 5 Star Trump Hotel in Panama city, Panama, and for a heck of a price!”
Check out this link : http://trumpoceanclub.com/html/overview.php
For info email: Shawn @ stkkts@yahoo.ca
