Dear Readers, the buy pressure is enormous in stock markets. The real buy though comes when the buy pressure line crosses or about to cross the Cyan ( average by pressure line). This could happen with one very good day of rally. That may not be the end of the decline, but that would indicate beginning of slowdown in the sell off. Gold may also enjoy the bounce as discussed before 5/6 March time frame is where we expect low ( most likely the low, but it could be a local low). Same goes for Energies and EURO and BP. Japanese Yen as predicted is weakening a bit, but will resume rise in a day or two and will be the strongest asset for next month. Good Trading
Tuesday, March 06, 2007
Buy Pressure enormous, but no signal yet
Dear Readers, the buy pressure is enormous in stock markets. The real buy though comes when the buy pressure line crosses or about to cross the Cyan ( average by pressure line). This could happen with one very good day of rally. That may not be the end of the decline, but that would indicate beginning of slowdown in the sell off. Gold may also enjoy the bounce as discussed before 5/6 March time frame is where we expect low ( most likely the low, but it could be a local low). Same goes for Energies and EURO and BP. Japanese Yen as predicted is weakening a bit, but will resume rise in a day or two and will be the strongest asset for next month. Good Trading
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