Stock-Market-Observations

MY CHARTS

BUY/SELL SIGNAL IN FORCE

Bought on Tuesday 5/8/12 at 12:44 PM EDT
Sold on Wednesday 5/9/12 at 4:55 AM EDT

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LONG TERM – Up (black 3, chart #10.8)

INTERMEDIATE TERM – Up (blue 2, chart #10.6)

SHORT TERM – Down, but probably in its last step

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WHAT’S HAPPENING

I was stopped out of my long position (with a small profit) about 5 AM EDT.

I believe we are in 5th step down. I will try to re-establish my long position when 5th step has ended.

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This entry was posted on May 9, 2012 at 2:24 AM and is filed under SELL - BUY, UPDATE. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.