Thursday, March 25, 2010

IXIC, DIA- Market Reversal?

There has been a nice turn-around in the sentiment. Stocks moving up nicely. Dow and IXIC (NASDAQ index) making new highs during the day but towards close, the markets turned bad and closed slightly lower. Nice REVERSE (SELL) signal as per Profit From Prices theory.

MACD also trying to crossover. I guess it is time to book profit be light or go even short with stoploss at today's High.

As always, if trading, trade with stoploss.