Today's rather frustrating market is just a manifestation of a pattern that we've seen over the past few months. Here's a three month snap shot of the Dow Industrial Average.
Durring every up trend, we can see that there is a small premature sell off and market stall made probably by profit takers who don't know how to read charts. And every time, the market bounces back and hits resistance.
This is no time to sell, and if anything, we should be buying strong positions that we already hold or otherwise.
Be careful though! We are getting close to the peak of this secondary move. Bull runs can't last forever in the short term, so get ready to pull the sell trigger in the coming weeks. If you do now though, you're going to be missing out on some more profits.
Good Luck,
Samba
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