Wednesday, July 14, 2010

Top of the mountain

It appears that the indexes have reached the top of the mountain, that is, stochastics has reached a top and may turn down. And although most of the indexes were up again today, they appeared to be exhausted. The S&P actually turned down. So, I remain short the market. However, no one knows where the market will go. Therefore I must be vigilant and if the markets continue higher and go higher than the previous high, then I will know that I am wrong and will cover the short. I hope I am right and it turns down.

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