Friday 20 November 2009

Watch out for phoney experts calling time

I've noticed recently some so called experts saying thing like ... why are people bullish on google when it's downtrending.

So I look at the chart of google, it is not downtrending, it's a pullback.

Why can't experts read a chart. Telling people to sell during a bull market ain't smart. When the bull and upward trends end then it's smart to get out.

Everyone knows these so called experts are not independant thinkers and have clients who make the real money at your expense. Learn to read the charts yourself or get an independant opinion much like a second opinion from a doctor.

The markets are in a pullback which may turn bearish or may continue the bullish upwards move, no one knows. We do know that the trend is upwards and it would take at least 2 weeks for the trend to change at least.

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