Tuesday, July 20, 2010
travelling in Ireland
Missed a few posts because of travel in beautiful Ireland. But the markets are rolling over and a new wave, wave three is positioned to drop. The Macd and stochastics are also lined up. Everything is pointing to a down wave. I am short for this phase of the market. Patience is important for any investor as there are up and down days. I tend to be an intermediate term trader, so I only trade two or three times a year. As you know, the trend unfolds in five waves, and the correction in three waves. IBM was helpful for the bear cause today and should put pressure on the tech stocks today. But travelling here in Ireland is great, and thank goodness for the computer and the internet because the news here is without the financial stuff.
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