See the attached chart for bullish divergences and trendline breakout by the MACD and RSI. Aggressive traders can take this signal, and the others can wait for a confirmation if the price breaks out of the downtrend line on the price charts. For the contrarians, the pessimism is on a rise and that is bullish. See this link for reference. http://post.polls.yahoo.com/quiz/financeresults.php Just an observation. Maji
Thats why i'm bullish. All you guys waiting for a pullback that might not happen, therefore you will be buying much higher causing the market to really spike
I didn't say I am waiting for pull back I am already long for a couple of days. I just gave my advice for the ones who want enter long now.
Did you catch the long QQQQ trade when I initially posted the long signal? Lucky Guess Don't forget to move the stops up and protect some of the paper profits. Note the strong resistance at the 38 area, maybe a place to book partial profits. Good luck, Maji