I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can you lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Wednesday, November 23, 2011

We're back in the danger zone

The XAO Indicator turned red yesterday but what really concerns me are the consecutive lows the market is making while the stochastic indicator is oversold. We often see panic collapses in these circumstances, so hold on to your hat. It also means that the ultimate low is not too many days away now. However, even though the low may only be a few days away, it could be many, many points away from here.
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