I am expecting the profit taking for the next 5 days. As such I am more cautious in my outlook. I am to preparing exits for some of my investments. The idea is to buy them back at a lower price.
Why am i so confident? Take a look at the Dow Jones Industrial index. This is a weekly chart from 1994 up to today. The index is now at an important resistance level.
The overall trend is still up. My strategy is to buy on dips and sell on resistance.
Huat Ah!
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