Monday, August 9, 2010

Market up on low volume

yes, the market is up short term. And we are still waiting patiently for the reversal.. When the market goes up on low volume it makes the whole move suspect. Main Street is not buying stocks, they are buying bonds to avoid risk. They have been hurt enough. This is Wall Street buying and selling to Wall Street hoping to suck in the retail trade. They will not buy stock for a long time. Today, the market went up on the lowest volume of the year. It is meaningless. The advance-decline line is also in a downtrend. Yes, short term you can make money in this market but when it reverses it will happen very fast. Stay in cash or be short. Be safe. The market is getting close to a change in trend every day. It is coming. Be prepared!

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