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.

SPX rising, Dollar sinking, Gold Golden

SPX upwards trend corresponds with the Dollar's downward trends. How far does the dollar have to go? Well looking at the dollar index it's previous low around 72, it's currently at 74.5. So it still has some way to go. The Gold upward trend is still in tacted with many commentators like Marc Faber of the Doom, Gloom and Boom report says that we haven't reached the top of the market yet.

When looking at trending charts, a simple way to analyse them is to follow the previous lows and highs. As long as we have higher lows and higher highs the trend is still upwards. When the previous low is broken by the current price, that is a wake up call. The trend MAY be changing so watch carefully.

Learn how to spot a TREND

The ONLY way to trade or invest for maximum profit straight away is to go with the current trend. David shows you how to apply this key technique to other areas of your life, so you can spot social trends too.



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