Tuesday, 13 November 2012

Our NYSE and Nasdaq Exchange market sentiment indicator has turned bearish

Dear Friends,

Not a good sign last friday that our market sentiment indicator for NYSE and Nasdaq stock exchange stocks has turned bearish.

We would advise being careful opening up any bullish position from now on. Even if u want to do it, go in with small lot size unless it turns bullish again. And now that the Dow is still below the 200day MA, it is technically not good to be bullish.

Rgds
Daniel

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