LunaticTrader

Investing with the Moon

Outlook December 20

Posted by Danny on December 20, 2010

Looks like we are going through a flat Red Period.
Stock are clearly hesitating near the resistance levels we posted in previous weeks, but the market refuses to go down.

We could see some further weakness this week, as we remain in a Red Period, but I would use any down days to lighten up on short positions if you took any.
Next week and early 2011 will come under a Green Period, so we are likely to get some Santa rally and new highs for this move in the first week of next year.
What comes next will be another question.

Happy holidays to all, Danny

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: