Monday, August 16, 2010

Time to get defensive

Market seems to be turning sour, for the overall market the bias is still neutral but the main scenario remains to the downside. Investor should consider to reduce position and stay away from the market. Traders should be preparing to short the market. Using my metastock explorer, the following stock has show a long exit signal. Meaning: we are expecting the price to fall in near term.

If you have followed my previous post, you should have also exited on those stock