Stock markets will continue its SELLING today until tomorrow…
Posted by admin in Comments and Feedback, Events and Advertisements, Futures Pick, Market AnalysisGood Morning Everyone,
I am alittle beat after last night’s wonderful preview therefore with a running nose now, I think it make loads of sense to take a break for today, to nurse myself back to health. 
Over the last few days, I have been calling for sell/get out from the market and honestly, many people questioned me on this call as the market continued its broadbase buying by the pennies.
But I remained steadfast on what I believe and saw the selling in the FOREX market first… then the Commodities… then the Blue Chips…. then the 1st Liners… I know that the U-Turn is just around the corner. That’s the POWER of knowing V3Go techniques and use it around all markets.
Honestly, I am bearish because the techniques calls for SELL but I am overall, Bullish for 2010 thus, this selling will actually give me another OPPORTUNITY to be able to BUY LOWER later, to ride this BULL.
Again, I may be wrong shall the market fail to recover but since we are believers of PATTERNs and we have consistently profited from these PATTERNS, it make sense to continue following it.
If I am right for today, I foresee more selling in the afternoon upon the opening of the European markets. HK may lose 400-500points over this 2 days.
This should give some investors/traders the jitteries and let go of their holdings and when that happened… we all should know that, its time to locate GOOD Stocks to load for the next BUY UP again.
Hope you see where I am coming from AND wish that you won’t be asking me at THAT time, how come I am NOT asking for short then… *smile*
>>> Kelvin Han’s trading methods:
When the market is on the DOWNTRend, look out for Buying opportunities
WHen the market is already DOWN and Selling kept coming in but price remain steady, look for ENTRY levels.
When the market rebound from this wave, Stay on the Long side and set trailing stop, not profit level… and ride the WAVE UP…
When the market is on the UPTREND, look out for Selling Opportunities
When the market is already UP and Buying kept coming in but price remain steady, look for EXIT levels.
When the market stops from this wave, stay out from the long and prepare to sell and ride the WAVE Down… with a trailing stop…
>>> The cycle repeats again…
Cheers!
Disclaimer as usual applies
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
Entries (RSS)