ezytrendtrader
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Are you ready for the next Commodities/Energy run ? (11 Jul ‘08)
If you have followed carefully on my market updates, I have been repeatably emphasizing on the selling of the commodities that are bringing the market down.
Its vital that the sellers are done with the commodities and then we could climb out of the oversold conditions to rally.
Yesterday , I am seeing a lot of leaders of commodities showing selling exhaustion and signs of strong buying.
Leaders are the captain of the market. They direct the market going up or down. Thus I have always focus my attention on them . LONGs be with them and SHORTs be with them is my motto.
Its becoming less and less attractive to me to continue shorting the market. I am seeing more and more leaders setting up and selling is drying up . (Pls note that I am a swing trader that looks not long than 2 weeks ahead)
Market moves in swings and the next swing should be a rally one before I decide to short some stocks if bear market prevails.
Lets take a look at some the leaders in the commodities sector.
If you have followed carefully on my market updates, I have been repeatably emphasizing on the selling of the commodities that are bringing the market down.
Its vital that the sellers are done with the commodities and then we could climb out of the oversold conditions to rally.
Yesterday , I am seeing a lot of leaders of commodities showing selling exhaustion and signs of strong buying.
Leaders are the captain of the market. They direct the market going up or down. Thus I have always focus my attention on them . LONGs be with them and SHORTs be with them is my motto.
Its becoming less and less attractive to me to continue shorting the market. I am seeing more and more leaders setting up and selling is drying up . (Pls note that I am a swing trader that looks not long than 2 weeks ahead)
Market moves in swings and the next swing should be a rally one before I decide to short some stocks if bear market prevails.
Lets take a look at some the leaders in the commodities sector.