Thursday, February 21, 2008

Back to Life

Voila! I am back online. I had been left without internet access at home for almost the entire Feburary. I can again download data onto my computer, and see the stock market more clearly.

In the past week or so, many counters had their 5-day EMA crossing their 20-day EMA. It is an early sign for those counters to go up trend, but will the current rise be a bull trap, or a genuine reversal of the downtrend? I still need to adopt a wait & see attitude. It pays to be prudent these days.

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