Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 08.26.2010 (6) days ago, when the index value was 471.7. Since then GOLDBUGS has gained 2.07% .

SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The selling price is the previous close ( 487.82 ) according to the Rules of Confirmation.

Bears are getting stronger. The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. Though the market opened higher today, the day’s activity created a black candlestick that closed below the previous close. This is a valid bearish confirmation.

We hope that you sold this index . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bearish tendency despite the higher opening and sell your shares after making sure that the prices stay below the previous close.

If you sold, keep away from this index until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.

The market is an inviting one for short-sellers. Risk lovers may now go for short sale.