Monday, August 28, 2006

 
Trading Ideas & Picks

Weekly Market Update

On a long term basis: 1. The market changed the trend into an up trend. 2. We made a double bottom, came up with lots of momentum. 3. Expect this up trend to last 4-6 months 4. Market is pulling back now to confirm the change of trend On a shorter term basis: 1. The first wave of the up trend needs to be confirmed 2. The market needs to pull back and test the breakout levels. 3. It has been a nasty week so far, completely lacking for volume and momentum...

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