Wednesday, October 3, 2007
Chart of Xinhua China 25 ishares
Would you partner with a Chinese business ? Could you trust their bookkeeping ? Well, you do if you own the stocks. I know owning inanimate stocks is so easy and fun you don't realize what it is you own. After some time they all look feel the same, until one day they don't ! It is time to watch this very closely now. So many have been so wrong/early so often. Today's range is very important as it gives us our rules. A break below today's low confirms island reversal and break of today's high(and trading there for 1 hr) negates is. Simple is good (for me)! Good trading to you all.