Tuesday, July 31, 2012

Not a good time to add more money to the market


The weekly oscillator is at the top. This indicates the probability of it coming down is high. With that it will bring the prices down as well.





















The daily oscillator is at the top and turning down. This indicates the probability of it coming down is high. With that it will bring the prices down as well.


























Since both daily and weekly price charts are giving a high probability of coming down in prices, it is not a good time to add more money to the market. It will be prudent to wait and see what happens.

If the market does not come down in the next few weeks but goes higher and the oscillators remain at the top, then it will indicate a strong uptrend has begun.
Just to reiterate. Investing in Growth Stocks is still not working.  What is working is investing in dividend paying value stocks.

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