Thursday, September 11, 2008

DIA- SPY- major ETFs are showing a complete Trend Reversal today

On Sep 5th we had a REVERSE buy signal. That lows are not broken and today we have our favorite U TURN Buy signal. The market opened lower but it managed to close strong.
This just shows that despite negative sentiment, there was very good bottom fishing/purchasing in the market.
So IMO it is time to ride the market with stop loss at Sep 5th Lows.


DIA- SPY- major ETFs are showing a complete Trend Reversal today

No comments: