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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