Friday, August 21, 2009

Market update

It's been a whiile since the last post and the trend has changed as suggested . So what's now?

Entering a long position here , can cause major loss since conditions are pointing
for a correction.
XLE look weak as well as September is the worst month of the year.

Nevertheless I prefer to short the safe way, where market confirm the down move and then corrects up to lower move.