Saturday, July 25, 2009

Message to Bearish Guys



Ouuuuuuch! It must be hurt. Bears trumped by bulls. Bearish guys need to be very careful as the trend players are coming out to play.

Dow Theory guys had declared wars on July 23,09. Let me remind you again the consequence of going against the trend -- best described by this picture.



Dow Jones Transportation and Industrials have breakouts. The very significant breakthrough was actually Dow Jones Transportation broke out from its triple top which is a very heavy resistance. While I am bullish but I want to remind everyone that I have entered positions at much lower level. Secondly, we have entered a trading zones. So be careful of the context of my posting.



No comments: