Well , the sentiment is quite negative. The sub-prime and weak economic news are doing their "job" Not to mention the bears' strong momentum to undermine the self-confidence of many investors in the uptrend.
I still see an opportunity in the recent market behaviour. Lower lows are not seen yet and market breadth suggests a temporary bottom occurring. It isn't a simple thing for the market to rocket from this sell off and thus it requires a patience.
I am long from couple weeks ago in my indexwein system as the risk I take there is greater than here. Moreover , the profile of the trade is different. I keep the trade at indexwin as I believe the market will correct to the upside.
Therefore , The last trade isn't recorded at indexwin system.
Good trading
Monday, November 26, 2007
Market Commentary
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