Something happened in the past few days that was different from the past few months!
We are finally out of the downtrend! After several failed attempts to successfully breakout out of the downtrend, February 17, 2014 marked the day that we escaped the selling choke hold that has plague our market for months!
Now the one thing we should watch out for is that we break the 6,400 level upward. This would bring us above the 200 day moving average and move us from bearish to bullish. If we break that, I would be fine if we go up straight or even just go sideways a bit as long as we stay above the 6,400 level. We don’t want to have our market move so fast because a steep climb would also mean a steep fall.
Well, what if we fall trying to break 6,400? The next logical scenario is the market may drop from the selling and may try to bounce at the 6,000 – 6,100 range, an area where buyers will again emerge. I believe that we are in a better position now than where we were a few months back.
God bless you and may this trading week be your best trading week yet!
My book Stock Smarts: Stock Investing Made Easy is now a best seller! Thanks to everyone who took part and grabbed a copy. If you would like to order and have it delivered to your doorstep: Click the Link to Register and Order.
If you want to catch our seminar sessions here some of my public talks:
If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events:
- March 8th Stocks Smarts: How to pick good stocks and avoid bad ones
- March 12th Stock Smarts Bascis
For inquiries, registration, and payments email: firstname.lastname@example.org ———————————————————————————————————————————————-
Lot’s of thanks to everyone who attended Stock Smarts Dubai! I have no regrets giving away 1 day of my vacation time to you guys! It was an honor to help you in your Stock market trading and investing!
*pictures from google search
*charts by chart nexus