October 5, 2010

Buy signal on S&P

We did get a buy signal. That's been expected - see my previous post. Though it is a surprise for many including myself we have to execute. Yes, we may lose money as market seems to be overbought and due for a pullback, yet the worst thing to do would be trying to outguess the system. Rules are rules. We have to buy and be prepared to accept a loss if that is what we will end up with. Here is a chart.

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