September 9, 2015

No buy or sell signals today

Today, after several months or maybe 2-3 years, I am seeing a rare situation where no stock has closed above 20 days high or below 20 days low on the same day.

Because of  the deep correction, it will be some time before a buy signal gets generated. And chances of the buy signal failing are high because it will come when it is time to book profits.

The only option is to wait as the passage of time will eventually reduce the "buy above" level.

No comments:

Post a Comment