Monday, March 23, 2009

rally from 3-6-2009(zt from UPTREND)

I joined it because I thought it worth doing so for the range it could move up. Considering it is a major wave, I believe there will be several small waves of going up before the major one ends.
One thing need to mention is that so far there has not been a serious pullback yet. However, I do not think it is strange because it is a bounce, which is usully sharper than a trend reverse To qualify for a trend reverse, market often takes longer time to build a more solid bottom. If it skips that step, it is very likely that TA indicators will show weaker and weaker strength on the way market moves up. Only at certain point after that happens, I will start shorting again.

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