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Next week
Rating: 1.40 (5 votes)
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Charts anyone?
Rating: 2.50 (2 votes)
Vote:
InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.
First I want to congratulate all of us who finished this contest, and specially those three great traders, Vad, stocksshah and gullapali. They managed a strong, start to finish performance, any one of them deserves first place. To everyone, a happy and prosperous 2008. And now the charts: The nasdaq needs to clear the 2730 resistance level to start thinking of a new uptrend. In the following weeks any move over the broken trendline (blue) maybe will signal a new intermediate bull market. Just maybe.
Shorts anyone? Shorting never doubles you money but sometimes you get a quick 30%. If you believe that a bear is coming, this two are good candidates.
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