Tuesday, January 26, 2010
The up trend in stocks is over
The trend that began in March '09 is over after breaking all up trend lines and falling in 5 waves. If you are an investor it is time to sit on your hands and wait to see how this plays out. Will it be a correction of the rise from March or is this the next leg in the bear market which means the 6,500 low in the Dow will be seen again? I have no idea.* So let's enjoy the show.
*If the bear is back this might be a good time to look at the liquidity of your portfolio. A third leg down in the stock market could mean financial collapse. Have a nice day!