Tuesday, August 10, 2010

Markets are getting nervous

The market is not looking well this morning. The ALSI is currently down 100 points or 0.4%.

We've also seen a lot of short/sell signals on shares in the TOP40. The only buy signal we've seen this morning so far has been in gold related shares.

The market has been trading down and has broken the trend on Friday as can be seen from the chart below.

The prudent thing to do is to take profit on your positions, and probably start putting short trades on.Safe trading

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